Support Grows for Adoption of New Federal Rules on Donor-Advised Funds
Donor-advised funds have become one of the nation’s most popular giving techniques. ALSO SEE:A Run for the MoneyThe Boom in Donor-Advised FundsLawsuit in New York Could Affect Earmarked Funds at 550 Community Foundations And yet the funds operate with few clear legal guidelines. But that may soon…
By Thomas J. Billitteri
Contributor
Lawsuit in New York Could Affect Earmarked Funds at 550 Community Foundations
A long-running fight between two charities has reached a New York State appeals court, ALSO SEE:A Run for the MoneySupport Grows for Adoption of New Federal Rules on Donor-Advised FundsThe Boom in Donor-Advised Funds and the eventual ruling could affect the amount of control that the nation’s 550…
By GRANT WILLIAMS
Contributor
Annenberg’s $500-Million Failed to Change Schools, Report Charges
The $500-million school-reform effort financed by the philanthropist Walter Annenberg has done little to improve education, contends a report released last week. The Thomas B. Fordham Foundation, in Washington, issued a report analyzing the Annenberg program, which was begun in 1993 to help urban…
By Meg Sommerfeld
Contributor
Blanket Brigade Is 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…
Private High School Receives $35-Million From Cable TV Executive; Other Gifts
A private school and a university have received big gifts. * H.F. (Gerry) Lenfest, a cable-television executive, and his wife, Marguerite, have given $35-million to endow Mercersburg Academy, in Pennsylvania. The couple’s gift, which is unrestricted, is the fourth-largest ever to a private U.S.…
Departures of Key Staff Members Raise Questions at Markle Foundation
Departures of several top-ranking staff members at the John and Mary R. Markle Foundation are raising questions about its ability to meet its goal of giving $100-million to Internet and other technology-related projects by July 2004. Two of the three top officials who oversaw Markle’s grant…
By Meg Sommerfeld
Contributor
Trade protests are prompting a review of grant-making policies As the crowds of activists who descended on Washington last week made clear, financial institutions like the World Bank and International Monetary Fund face increasingly vociferous challenges to their structures and practices. When tens…
By Stephen G. Greene
Contributor
Photograph by Jess Lopatynski One might assume that out of all the professional fields, health care is the one that understands best how to treat and work with disabled people. Not so, says Brenda Premo, director of the Center for Disability Issues and the Health Professions at Western University…
Growth in donor-advised accounts spurs fierce competition for funds Robert J. Brennan, the top fund-raising official at the Humane Society of the United States, says he is concerned about a change in the giving habits of the charity’s biggest donors. ALSO SEE:Support Grows for Adoption of New…
By Thomas J. Billitteri
Contributor
IRS Panel Says Donors Exaggerate Value of Artwork
The Internal Revenue Service’s Art Advisory Panel has reviewed and recalculated the values of hundreds of pieces of artwork for which deductions were claimed by taxpayers who donated them to charities or left them to heirs. As it has in the past, the committee found that many people exaggerated the…
By Grant Williams
Contributor