Value of Planned Gifts Estimated at $73-Billion
Americans reported to the Internal Revenue Service that they held more than 82,000 charitable remainder trusts in 1997, with a total fair market value of $60.5-billion, according to newly compiled data from the tax agency. The figures, which are the latest available, point to significant growth in…
By Thomas J. Billitteri
Contributor
Brazen Giving Strategies Spark New Debate Over Tax-Code Abuse
In fund raising, a little chutzpah is often what it takes to produce big gifts for good causes. But in April, a prominent organization of fund raisers voted to take a stand against what it said was too much chutzpah. ALSO SEE:All in the Family The National Committee on Planned Giving passed a…
By Thomas J. Billitteri
Contributor
Teen-Age Magician, Ecology Professor Among Recent ‘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…
Insurance Executive’s $55-Million to Princeton Heads List of Big Donations
Many institutions have tallied big gifts. * Princeton University has received $55-million from 1955 alumnus Peter B. Lewis of Cleveland, chairman of the automobile-insurance company Progressive Corporation. Mr. Lewis directed most of the gift, $35-million, to the Institute for Integrative Genomics,…
Most Americans Made a Gift to Charity in Past 2 Years
Nine in 10 Americans have made a donation to charity within the past two years, a new survey has found. ALSO SEE:Americans’ Views on Charitable Giving And 93 per cent of Americans believe that their giving makes a difference to the causes they support. The survey of 1,000 men and women was…
By DOMENICA MARCHETTI
Contributor
Non-Profit Leaders Are Among 32 Fellows Named by MacArthur Fund
The John D. and Catherine T. MacArthur Foundation has announced 32 new MacArthur Fellows. Recipients of the fellowships, often called “genius awards,” are free to use the money as they wish. The foundation does not require them to produce any products or reports. No one can apply for a MacArthur…
2 Philanthropies Merge to Trim Overhead Costs
The Rockefeller Brothers Fund, one of the nation’s 100 wealthiest foundations, has merged with the Charles E. Culpeper Foundation -- a move that some say could lead other foundations to consider similar alliances. The merger took effect July 1. The new entity, worth about $670-million, is operating…
By MARINA DUNDJERSKI
Contributor
Survey of Corporate Giving: How It Was Conducted
The Chronicle’s corporate-giving survey is based on financial information ALSO SEE:Charitable Giving at 91 Major Corporations: View list, additional charts, and related articles provided by many of the nation’s top companies as ranked according to their annual revenue by Fortune magazine. The 150…
By Debra E. Blum and Harvy Lipman
New Studies Provide Insight Into Why Companies Give and Who Benefits
Three new studies on corporate philanthropy shed light on why large companies give -- and what kinds of organizations they support: * A national study of 226 large companies by a University of New Hampshire professor ALSO SEE:Charitable Giving at 91 Major Corporations: View list, additional charts,…
By Debra E. Blum
Contributor
Spate of Corporate Mergers Is Reshaping Philanthropy Nationwide
Corporate mergers are changing the shape of business giving nationwide. In the past year, at least 9 of the 100 companies listed by Fortune magazine in 1998 as America’s largest corporations ALSO SEE:Charitable Giving at 91 Major Corporations: View list, additional charts, and related articles have…
By Debra E. Blum and Harvy Lipman