Report Says ‘Charitable Choice’ Is Making a Difference in Delivery of Social Services
The landmark 1996 federal welfare law that established new rules for the cooperation of government and faith-based organizations has had a “modest, though notable” impact, according to a new report published by the Center for Public Justice, a Washington policy research and education organization.…
By GRANT WILLIAMS
Contributor
Charities Need a High Level of Expertise to Assess Gifts of Restricted Stocks
Greater sophistication is needed among finance officers, fund raisers, and other non-profit leaders if they are to evaluate whether proposed gifts of restricted stock are worth the trouble, experts say. Unlike stock in a publicly traded company, which can be sold immediately, unmarketable ALSO…
By Holly Hall
Contributor
Taking Stock — but Not Cashing It In
New economy prompts charities to rethink policies on gift securities Most charities that receive gifts of stock traditionally sell the shares right away and convert them into cash. But spurred by donors and by the prospect of tapping new sources of gifts, some organizations are now rethinking that…
By Holly Hall and Anthony Giorgianni
Elderly Troupe Honored Among ‘Points of Light’
Following are the people and organizations that have most recently been named to receive President Clinton’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…
5 Colleges and Universities Get Large Donations; Other Big Gifts
Five higher-education institutions have received big gifts. Edward L. Gaylord, publisher of The Daily Oklahoman, has given $22-million to establish a journalism college at the University of Oklahoma, in Norman. The donation will finance the construction of a new facility and endow faculty…
Organizations Getting Grants from Ford
Following are the organizations that received grants from the new Ford program: DANCE Alvin Ailey American Dance Theater (New York): $1-million, which the organization plans to match by raising $3-million over three years. ALSO SEE:Ford Foundation Awards $40-Million to Help 28 Arts Organizations…
Where Small Foundations Can Learn the Ropes
By CONSTANCE CASEYAt age 70, Ike Leighty found he had more money than he could give in his usual way to charities in his hometown of Waterloo, Iowa, or his birthplace of Macomb, Ill. After being laid off by a company he’d been with for 30 years, he started a business that became extraordinarily…
By Constance Casey
Contributor
A Royal Call to Action for Foundations
Jordan’s queen tells grant makers to increase giving, shun paternalism “What does philanthropy have to do with the 21st-century era of the cybermillionaire and the venture capitalist?” That question was offered by Queen Noor, the widow of King Hussein of Jordan, at the opening session of the…
By Meg Sommerfeld
Contributor
Charities’ Zero-Sum Filing Game
By claiming no fund-raising costs, groups leave the public in the dark Judging from the informational tax returns filed by the Zoological Society of Cincinnati, the organization appears to be one of the most efficient fund-raising groups in the country. This article was reported by Holly Hall,…
American Philanthropic Realty Trust (Chicago): Appointed Ethel R. Kaplan, director of gift planning at the American Heart Association–Midwest Affiliate (Chicago), to be executive director. This newly created group uses donations of real estate to establish donor-advised accounts. Christmas in April…