C. Quinn Hanchette Cancer Scam: Diversion of Federal Cancer Funds to Politics Public money intended for medical research is instead being illegally funneled through health charities to support the anti-smoking lobby, charge the authors of this book. In 1991, the National Cancer Institute, an arm of…
Post Office to Issue Stamp Honoring Philanthropy
A commemorative stamp to honor philanthropy will be issued in mid-October, the U.S. Postal Service has announced. The stamp, which carries the line “Giving and Sharing: An American Tradition” across the top, shows a picture of a bee about to pollinate a flower -- which the Postal Service hopes will…
By Marilyn Dickey
Senior Editor, Copy
The following awards have been presented for work in philanthropy, fund raising, volunteerism, and non-profit management: AIDS. The National AIDS Fund (Washington) has presented its 1997 Circle Awards for philanthropic leadership in the fight against AIDS to four companies: -- May Department Stores…
New Law Clarifies Rules on Sponsorships
The I.R.S. plans to use a new tax statute to resolve some cases involving corporate sponsorships of non-profit events. The statute, which takes effect January 1, clarifies when a charity can avoid income taxes on revenue it receives from companies’ sponsoring of such events as non-profit football…
By Stephen G. Greene and GRANT WILLIAMS
Study Links Tax Breaks With Increase in Giving
To the question of whether tax breaks affect charitable giving, new research offers an updated answer: Yes, especially for high-bracket taxpayers. Charity officials for years have wanted to know whether tax deductibility increases the overall level of donations or merely affects the timing of…
By Stephen G. Greene and GRANT WILLIAMS
Volunteer-Summit Group Wins 350 Commitments to Help Kids
America’s Promise, the national charity created to encourage more people to help disadvantaged youth, has overcome a bumpy start and won commitments from more than 350 corporations and organizations toward its goal of reaching two million young people by 2000. “This is just the tip of the iceberg,”…
By DOMENICA MARCHETTI
Contributor
Year-End Celebrations of Good Works
The holiday season has prompted numerous magazines to laud philanthropists and others who have made a big difference in 1997. Town & Country (December) named a dozen people “Earth Angels” for their contributions. Among them: * The Cable News Network founder Ted Turner, whose “gift of $1-billion to…
‘Forbes’: a Suggestion for Warren Buffett
Warren Buffett is making a big mistake by waiting until he dies to give his money to charity, says Forbes (December 15). “Consider what’s happened to three of the best-known and richest foundations -- Ford, Carnegie, and Rockefeller,” the magazine says. “Their founders were exemplars of…
Americans will spend $244-billion in response to direct-mail solicitations, notes U.S. News & World Report in a cover article called “The Junk-Mail Deluge” (December 8). A good share of that money will go to charities, and the article explains many of the techniques that direct-mail experts use to…