Foundation Payout Rates Surveyed
By GRANT WILLIAMSMany foundations that make a large number of grants to conservative causes and many of those that make grants to mostly liberal ones tend to give away a significantly bigger share of their assets each year than required by law, a new report says. And both types of foundations…
By GRANT WILLIAMS
Contributor
Alabama Line-Dancing Group Among Latest ‘Points of Light’
Following are the people and organizations that have most recently been named to receive President Bush’s Daily Points of Light Award. The Points of Light Foundation, a Washington charity, assists the president in making the choices and carrying out the award program. More information about the…
Auburn U., Columbia Receive Big Donations; Other Gifts
Two universities received large gifts: Auburn University’s engineering school has received a $25-million donation from Samuel L. Ginn, an alumnus and former telecommunications executive. Mr. Ginn, 63, a former chairman of Vodafone AirTouch, in Newbury, England, asked that a portion of the funds be…
Study Finds Differences in Giving Patterns Between Wealthy Men and Women
By ELIZABETH GREENEWealthy women are less motivated than wealthy men to give to charity by ALSO SEE:Philanthropy Among Men and Women: How Gender Makes a Difference tax and estate laws, and more inspired by strong feelings about a cause, according to a new study. While only 25 percent of the…
By Elizabeth Greene
Contributor
Improving Nonprofit Operations: Expert Tips
Following are excerpts from a speech delivered by Barbara D. Kibbe, ALSO SEE:Getting the Basics Right of the David and Lucile Packard Foundation, outlining the key lessons the foundation has learned in more than 15 years of making grants to improve the effectiveness of nonprofit organizations.
Photograph by John EverettEvery other week at the Houston Area Women’s Center, mothers gather with their children for an art workshop taught by Noel Forman, an instructor at the Glassell School of Art, Museum of Fine Arts, Houston. During the 90-minute sessions, the center’s clients have the chance…
Grant makers seek effective ways to improve charities’ operationsA growing number of foundations are trying to become more effective at improving ALSO SEE:Improving Nonprofit Operations: Expert Tips the effectiveness of nonprofit organizations. Most foundations still prefer to underwrite a…
By Stephen G. Greene
Contributor
Bushes, Cheneys Release Giving Information
The Bushes gave nonprofit organizations $143,300 of their reported net taxable income of $744,682 in 2000.
By Grant Williams
Contributor
IRS Releases Study on Charitable Trusts
By GRANT WILLIAMSThe Internal Revenue Service says that it received 85,060 informational tax returns in 1998 from charitable remainder trusts, a popular form of planned giving. The data was released in the tax agency’s first study of the charitable trusts. Of the total returns received by the…
By Grant Williams
Contributor
Following are summaries of recent reports by the Council of Better Business Bureaus’ Philanthropic Advisory Service. This private organization reports on whether charities meet standards for fund raising, governance, financial management, and public information. The service does not approve or…