Following are summaries of recent reports by the Council of Better Business Bureaus’ Philanthropic Advisory Service. The service reports on whether charities meet standards for fund raising, governance, financial management, and public information. The service cautions that it does not approve or…
Court Says IRS Was Right to Strip Church’s Exemption
A federal appeals court has ruled that the Internal Revenue Service properly pulled the tax exemption of a New York church after it ran newspaper advertisements opposing Bill Clinton for president in 1992. Under the law, churches and charities must not participate in political campaigns in support…
By Grant Williams
Contributor
The Advertising Council (New York): Appointed Jodi Berkowitz, campaign director, to be vice president for campaign directors; Julie Dolan, vice president for financial development, to be senior vice president for financial development; Priscilla Natkins, senior vice president for campaign…
ARTHUR VINING DAVIS FOUNDATIONS 111 Riverside Avenue, Suite 130
Interest Rates for Planned Gifts
From the issue dated June 1, 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. June 2000 8.0% May 7.8% April 8.0% March 8.2%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose California Polytechnic State U. April 2001 Dec. 2004 $225,000,000 $134,000,000 For academic programs, facilities, faculty, library support, and…
$190-Billion Donated to Charity in 1999, Says New Report
By HOLLY HALL and NICOLE LEWISContributions to charity grew by 6.7 percent in inflation-adjusted dollars to $190-billion last year, according to the newest edition of Giving USA, which was released Wednesday. The pace of giving slowed slightly in comparison with 1998, when donations rose by 9…
By nicole lewis
Contributor
The following awards have been presented for work in philanthropy, volunteerism, and non-profit management: Management. The Alliance for Nonprofit Management (Washington) has presented the Terry McAdam Book Award for the best book about non-profit management to Jo Ann Hankin, Alan Seidner, and John…
IRS Releases New Data on Non-Profit Finances
The I.R.S. has issued a report tracing the growth of non-profit groups from 1995 to 1996. The number of charities that filed informational tax returns with the government rose from 180,931 in 1995 to 192,059 in 1996, an increase of 6.2 percent. Total revenue reported by charities was $704-billion,…
By GRANT WILLIAMS
Contributor
Pennsylvania Court Backs Hospital in Tax Dispute
The Supreme Court of Pennsylvania has upheld lower-court decisions that Easton Hospital, a non-profit organization with for-profit affiliates, deserved to be exempt from having to pay property taxes. The Wilson Area School District, where the hospital is located in eastern Pennsylvania, and two…
By GRANT WILLIAMS
Contributor