Photograph by Jim DeckerAt the Nathan Adelson Hospice in Las Vegas, man’s best friend can also be a patient’s best friend. Through the hospice’s pet-therapy program, volunteers bring their dogs to visit terminally ill patients at two inpatient facilities. While most of the hospice’s 200 patients…
Independent Sector reassesses goals, vows to be leader on charity policyWashington When the membership group Independent Sector speaks, its words carry the ALSO SEE:Independent SectorGroup That Encourages Charities to Lobby Is Gaining Independent Status weight of more than 700 nonprofit groups,…
By GRANT WILLIAMS
Contributor
Allentown College of Saint Francis de Sales (Center Valley, Pa.): Appointed Marianne Salcedo, director of foundation and corporate relations at Cedar Crest College (Allentown), to be director of corporate and foundation relations. The ArtsCenter (Carrboro, N.C.): Appointed Colin Bissett, senior…
ACHELIS & BODMAN FOUNDATIONS
By Stephen G. Greene
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. October 2000 7.4% September 7.6% August 7.6% July 8.0% June 8.0% May 7.8% April…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Mercersburg Academy (Pa.) July 1999 Dec. 2002 $100,000,000 $65,000,000 For scholarships, faculty, technology, and facilities Texas Tech U. Sept. 1995…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Campbell U. (N.C.) June 1992 May 2000 $100,000,000 $111,600,000 To construct a business school, support scholarships and endowment, and for general…
The following awards have been presented for work in fund raising, nonprofit management, philanthropy, and volunteerism: Arts. The Business Committee for the Arts (New York) has awarded its 2000 Business in the Arts Awards: --The Founders Award was given to Bank of America (Charlotte, N.C.) for its…
By nicole lewis
Contributor
Update on Income Tax Law Offered in IRS Publication
By GRANT WILLIAMSThe I.R.S. has published a revised version of its handbook “Tax on Unrelated Business Income of Exempt Organizations.” Nonprofit groups must pay the tax, known as UBIT, on income from activities that are not “substantially related” to their charitable missions. The booklet,…
By GRANT WILLIAMS
Contributor
IRS Helps Put Value On Days-Old Bread
By GRANT WILLIAMSThe I.R.S. has released “field service advice” to agents that says an unidentified chain of grocery stores should not value four-day-old unsold bread that it donates to food banks at full retail price when the company takes charitable-contribution deductions. The grocery chain…
By GRANT WILLIAMS
Contributor