Interest Rates for Planned Gifts
From the issue dated May 18, 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 Arizona State U. Oct. 1997 2001 $400,000,000 $360,364,000 For scholarships, professorships, academics, and community-outreach programs Boston Latin…
Helping Kids Climb Out of Poverty
Photograph by Ilene Perlman Many poor children in Nepal face a daunting uphill struggle. Some have been servants from an early age, sent away by their parents to do contract work. Others live in jail with an incarcerated parent because they have nowhere else to go. Still others roam the streets,…
Helping Kids Climb Out of Poverty
Photograph by Ilene Perlman Many poor children in Nepal face a daunting uphill struggle. Some have been servants from an early age, sent away by their parents to do contract work. Others live in jail with an incarcerated parent because they have nowhere else to go. Still others roam the streets,…
Appeals Court Says IRS Was Right to Strip Church’s Tax 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 as a 1992 presidential candidate. Under the law, churches and charities must not participate in political campaigns…
By GRANT WILLIAMS
Contributor
Will the Boom in Foundations Matter?
As the Council on Foundations begins its annual meeting this week in Los Angeles, the focus will be on how much the philanthropic world is changing. Foundations are more numerous and wealthier than ever. More new grant makers than ever before are joining the scene, and many of them are relatively…
By LESLIE LENKOWSKY
Contributor
Why Charities Think They Can Regulate Themselves
The decline in the popularity and prestige of government has had an unexpected result: It seems to have emboldened non-profit organizations to assert their right to regulate themselves -- a trend with potentially ominous implications. It is not surprising that charities and foundations are feeling…
By PABLO EISENBERG
Contributor
Honoring Grant Makers for Communicating About Their Work
The Council on Foundations will present 55 awards this week to honor grant makers ALSO SEE:Foundations That Won Awards for Excellence in Communications that have created exceptional materials aimed at educating the public about their work. The 17th annual Wilmer Shields Rich Awards for Excellence…
Write-Offs: IRS Publishes Guidelines; Allegations of Improper Political Activity
* The I.R.S. has published guidelines for charities to follow when they report and pay penalties for participating in so-called charitable split-dollar plans (Notice 2000-24, Internal Revenue Bulletin 2000-17). Congress recently cracked down on the controversial giving techniques (The Chronicle,…
By GRANT WILLIAMS
Contributor