Charitable-Trust Donors May Be Surprised by Lower Payments in Bear Market
If the stock market continues to fall, some donors who set up charitable trusts could be in for a shock. Many contributors have received misleading projections from fund raisers about the financial benefits they would receive from the trusts, experts say. At issue are projections used to market…
By Holly Hall
Contributor
Too Much for Charities to Bear?
As stock market seesaws, fund raisers fear year-end drop in major gifts The volatile stock market has made some donors reluctant to give -- and is prompting numerous charities to take steps to prevent what could be a significant downturn in giving this year. While many fund raisers say that it is…
By Holly Hall
Contributor
Donor Adds $30-Million to His Pledge to Ariz. Law School; Other Gifts
Several non-profit institutions have received big gifts. * The University of Arizona’s College of Law, in Tucson, will receive an additional $30-million from James E. Rogers, augmenting a $20-million pledge Mr. Rogers made five months ago (The Chronicle, May 7). Mr. Rogers, owner of Sunbelt…
Survey Details Big-Business Ties to Local Economic Development
A significant portion of corporate America is investing money in downtrodden areas near their operations -- and many plan to increase their spending. A new Conference Board survey of 119 large corporations found that 80 per cent are involved in such economic-development work. The Conference Board,…
By Susan Gray
Contributor
At a Glance: The Wallace Alexander Gerbode Foundation
History: Established in 1961 by Martha Alexander Gerbode, a descendant of the Alexander missionary family, which traveled from New England to Hawaii in 1830. The family later helped create Alexander & Baldwin, one of the biggest sugar companies in Hawaii. She named the foundation after a son who…
Gerbode fund mixes personal touch with support of unpopular causes Nearly every weekday morning, Tom Layton, executive director of the Wallace Alexander Gerbode Foundation, has coffee with local charity leaders at Caffe Roma, just steps away from the foundation’s offices here in the city’s North…
By MARINA DUNDJERSKI
Contributor
When elderly people debilitated by diseases like Parkinson’s and Alzheimer’s get together with youngsters from Advocate Health Care’s preschool center, the adults are treated with a kind of respect that they don’t always get from their peers. “Kids don’t traditionally look at these people and see…
Salaries Rise Modestly at Charities
Officials at biggest groups see gains that just beat inflation, survey finds Pay raises for top executives at many of the nation’s largest non-profit organizations barely outpaced inflation last year, according to The Chronicle’s seventh annual compensation survey. The survey of 230 charities,…
By Debra E. Blum
Contributor
Following are summaries of recent reports by the National Charities Information Bureau. That private organization reports on whether charities meet standards for fund raising, governance, financial management, and public information. The organization does not approve or disapprove of charities, and…
American Committee for the Weizmann Institute of Science (New York): Appointed Arthur S. Berger, director of public relations and communications at the American Jewish Committee (New York), to be vice-president for marketing and communications. American Foundation for the Blind (New York):…