Interest Rates for Planned Gifts
From the issue dated September 21, 2000 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. September 2000 7.6% August 7.6% July 8.0%…
Smithsonian Receives $80-Million Gift
By DOMENICA MARCHETTIKenneth E. Behring, a West Coast multimillionaire who made his fortune in real-estate development and automobile businesses, has donated $80-million to the Smithsonian Institution to renovate its National Museum of American History. Although the gift is unrestricted, Mr.…
House Fails to Override Veto of Estate-Tax Repeal
The House of Representatives failed Thursday to override President Clinton’s veto of a Republican-backed bill to repeal the federal estate tax and its deduction for charitable bequests. The vote was 274-157. An override would have required a two-thirds majority in both houses of Congress. In a…
The following awards have been presented for work in fund raising and volunteerism: Direct marketing. The Direct Marketing Association (New York) has awarded its 2000 Non-Profit Organization of the Year Award to Catholic Relief Services (Baltimore) for outstanding direct-response marketing…
‘Moment’: on Birthright Israel
Once a skeptic when it came to Birthright Israel, Gil Troy is now a convert: The McGill University history professor writes in the August issue of Moment that the organization has the potential to revitalize young American Jews’ interest in their religion and heritage. Birthright Israel provides…
‘Kiplinger’s’: New Generation of Donors
A new generation of donors is using a range of innovative methods, from “giving circles” to “venture philanthropy,” to attack the causes of social ills and ensure that charitable dollars are well spent, Kiplinger’s magazine reports (September). “Philanthropy today has a new vitality,” the magazine…
Booklet Explores Ways to Stop Youth Violence
Violent Kids: Can We Change the Trend?, by Michael deCourcy Hinds, presents options for reducing juvenile violence in the United States. Mr. Hinds, executive editor at Public Agenda, a nonpartisan policy organization in New York, examines three options for confronting the problem of violent youths,…
Growth of Charities in California’s Orange County: a New Study
The Nonprofit Sector in Orange County, California: 1997 Economic Scope and Characteristics, by Kathleen Costello and Robert A. Kleinhenz, intends to paint a comprehensive picture of non-profit actitvity in Orange County, Calif., which in 1997 was home to 1,626 tax-exempt organizations holding a…
Fund Raising’s ‘New Reality’: The Wealth Is Out There
Raising More Money: A Step-by-Step Guide to Building Lifelong Donors