Philanthropy and President Bush’s Budget: the Key Proposals
By ELIZABETH SCHWINNPresident Bush last week proposed $258-million in new grant programs for religious ALSO SEE: President Bush’s Budget charities and other groups that provide social services. The House and Senate will spend the next few months debating President Bush’s budget proposals as they…
By Elizabeth Schwinn
Contributor
Interest Rates for Planned Gifts
Following are the interest rates, provided by the Internal Revenue Service, for computing charitable deductions for charitable remainder trusts, gift annuities, charitable lead trusts, and some other deferred gifts. April 2001 6.0% March 6.2% February 6.2% January 6.8% December 2000 7.0% November…
State Registration Requirements for Charities and Fund Raisers
For charitable organizations For fund-raising counsel Has rules for paid solicitors Alabama* Annual registration. $25 fee. $100 registration fee and $10,000 bond. Yes. Alaska Annual registration. No fee. None. Yes. Arizona Annual registration. No fee. None. Yes. Arkansas* Annual registration. $100…
Tax Agency Must Pay Christian Coalition $59,000
BY GRANT WILLIAMSA federal court has ordered the Internal Revenue Service to pay Christian Coalition International $58,941 to cover the advocacy organization’s legal and administrative fees that the group incurred during the years it spent fighting the government for tax-exempt status. Last year,…
IRS Letter on Lobbying Mailed to 275,000 Charities
BY GRANT WILLIAMSCharity Lobbying in the Public Interest, a Washington organization that educates nonprofit organizations about the role that lobbying can play in achieving their goals, has mailed to 275,000 charities a copy of a letter that the Internal Revenue Service wrote last year that spells…
Estate Tax Cut Won’t Hurt Giving, Scholar Says
BY ELIZABETH SCHWINNAs many nonprofit groups mobilize against repeal of the estate tax, a scholar at the Heritage Foundation, a think tank in Washington, argues that eliminating the tax would not hurt charities. Stuart Butler says that even if Congress eliminated the estate tax, giving would not…
New Rules Ease IRA Bequests to Charity
BY ELIZABETH SCHWINNRecent changes to the rules governing individual retirement accounts make it easier for donors to divide their I.R.A. assets between heirs and charity, according to Christopher Hoyt, a law professor at the University of Missouri at Kansas City. In the past, I.R.A. distributions…
The following awards have been presented for work in management, philanthropy, and volunteerism: Community service. Alice and Leigh Gerdine have received the second Jane and Whitney Harris Saint Louis Community Award for a husband and wife who have improved the St. Louis region with their…
Making Board Meetings More Effective
The Board Meeting Rescue Kit: 20 Ideas for Jumpstarting Your Board Meetings helps chief executives and board chairmen increase the efficiency of trustee meetings. This booklet, from the National Center for Nonprofit Boards, covers meeting procedures before, during, and after board meetings, using…
By Janine E. Guglielmino
Contributor