North Carolina Beefs Up Charitable Tax Break
Gov. Jim Hunt of North Carolina has signed into law a measure that will provide an increased incentive for many state residents to give to charity. The new law will allow people who do not itemize deductions on their federal income-tax returns to claim a 7-per-cent state tax credit -- up from 2.75…
By GRANT WILLIAMS
Contributor
Congress Orders IRS Review of Policies on Health Clubs
Congress has told the Internal Revenue Service to review its standards to make sure that charities that run health clubs or provide “fitness services” do not unfairly compete with businesses. The demand was placed into an appropriations bill that President Clinton signed into law last month. “With…
By GRANT WILLIAMS
Contributor
The following awards have been presented for work in philanthropy, fund raising, volunteerism, and non-profit management: Arts and humanities. President Clinton has announced nine recipients of the 1998 National Humanities Medal, including Nancye Brown Gaj, founder and president of Motheread…
Charities That Received Special Federal Appropriations
AIDS Healthcare Foundation (Los Angeles) $2-million for a residential treatment program American Red Cross (Washington) up to $30-million for disaster relief Boys & Girls Clubs of America (Atlanta) $40-million for crime-prevention programs in public-housing facilities Canaan’s Community Development…
Charities Fill Up on ‘Pork Barrel’ Spending
Tucked into the $500-billion federal spending law enacted late last month were numerous dollops of cash to individual charities, colleges, local governments, and other organizations. ALSO SEE:Charities That Received Special Federal Appropriations Charities that benefited from that largesse managed…
By GRANT WILLIAMS
Contributor
Donors to Foundations Regain Tax Deduction for Stock Gifts
President Clinton has signed into law a bill that makes permanent a key tax break for donors who give appreciated stock to private foundations. ALSO SEE:New Tax Provisions That Affect Private Foundations The tax provision, which was passed by Congress as part of a massive spending measure, also…
By GRANT WILLIAMS
Contributor
How Much Money Federal Programs of Interest to Non-Profit Groups Will Receive
Spent in fiscal 1998 Fiscal 1999 Arts and Culture Corporation for Public Broadcasting 1 $300,000,000 $340,000,000 Historic preservation $41,000,000 $72,412,000 Institute of Museum and Library Services $146,000,000 $166,175,000 National Endowment for the Arts $98,000,000 $98,000,000 National…
Congressional Budget Deals Spare Programs of Importance to Charities
Although many federal programs of interest to non-profit groups had been threatened by lawmakers with big spending cuts, most charities will not see major reductions in government support under budget legislation enacted last month. ALSO SEE:How Much Money Federal Programs of Interest to Non-Profit…
By GRANT WILLIAMS
Contributor
A Tradition of Service in Limbo
Civic clubs like Lions and Rotary seek ways to attract new members Dona Avery, an administrative assistant at an Atlanta bank, has done volunteer work for 20 years but says she never considered becoming a member of a traditional service club such as the Rotary, Kiwanis, or Lions Clubs. “I’m aware…
By Thomas J. Billitteri
Contributor