Marketing Deals May Reap $1-Billion
North American corporations plan to spend more than $1-billion on joint marketing deals with charities this year, according to a new survey by IEG Inc., a research and consulting firm in Chicago. A report on the survey’s results said companies plan to spend $460-million on arts groups. The survey…
Excerpts From Ruling on Charity’s Loss of Tax Exemption
Following are excerpts from a ruling by the the U.S. Court of Appeals for the Seventh Circuit in a case known as United Cancer Council v. Commissioner of Internal Revenue. The decision, written by Chief Judge Richard A. Posner, said the U.S. Tax Court was wrong to endorse the service’s explanation…
Alaska Museum, Family Fund to Share $90-Million in Stock; Other Gifts
Elmer E. Rasmuson, chairman emeritus of the National Bank of Alaska, in Anchorage, has given a total of $90-million worth of bank shares to two groups: the Anchorage Museum of History and Art, and his family’s foundation, in Anchorage. Mr. Rasmuson, 90, directed that $50-million go to expand the…
Philanthropist Paul Mellon’s Many Bequests to Charities Include Artworks, $280-Million
The philanthropist Paul Mellon, who died this month at age 91, has left more than $280-million in cash to dozens of non-profit institutions nationwide. He also bequeathed numerous works of art by impressionist and modern masters to a select few organizations. Although no official estimates have…
By C. Quinn Hanchette
Contributor
Professional Athlete Among Newest ‘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 awards, which are given to those who have done exemplary volunteer work, take their name from President Bush’s description of people who do community service…
How The Chronicle’s Survey of Top Private Foundations Was Conducted
The Chronicle’s annual survey is based on financial information provided by 142 of the largest private foundations in the country. ALSO SEE:Related storiesFull results of survey The funds in the survey held combined assets of $154.4-billion at the end of last year (not counting four funds that did…
From Technology to Tobacco, Myriad Sources Spawn Big New Foundations
Big sums of new money are expected to flow into foundation coffers in 1999 and beyond -- and much of it could come from non-traditional sources. ALSO SEE:Related storiesFull results of survey New funds are being created through a variety of business and legal deals, and several established…
By Debra E. Blum and MARINA DUNDJERSKI
A Sampling of the Largest Grants in 1998 From the Nation’s Top Foundations
Some of the country’s largest foundations -- their endowments flush with several years of good investment returns or new money from their donors -- took the opportunity to make large gifts in 1998. ALSO SEE:Related storiesFull results of survey One of the biggest winners in last year’s…
By Debra E. Blum and MARINA DUNDJERSKI
Helping Kids Handle Illness and Death
Photograph by Linda Sterrett Most people associate hospice care with elderly patients and terminally ill adults. But in Colorado, Hospice of Metro Denver has become widely known for the services it also provides to children who are dying or grieving over the death of a loved one. The hospice’s…
Big funds distributed $7.7-billion in ’98; endowment growth slows Giving by the nation’s wealthiest grant makers soared last year, rising by 28 per cent over 1997 levels, a Chronicle survey has found. Among 122 foundations that provided figures to The Chronicle for both 1997 and 1998, total giving…
By Debra E. Blum and MARINA DUNDJERSKI