Budget Plan Would Change Foundation Excise-Tax Rate
President Obama wants to simplify the way private foundations pay excise taxes on their investment income.
By Ben Gose
Senior Editor
Budget Plan Brings Big Changes to Tax Incentives for Donors
President Obama’s proposed 2012 budget would limit the value of charitable tax breaks. Plus see a roundup of how nonprofits of all types would be affected.
By Ben Gose
Senior Editor
Virginia Attorney General Says State Can’t Earmark Charity Aid
Ken Cuccinelli II issued an opinion saying that charities can’t get state aid unless they operate under state contracts.
By Ben Gose
Senior Editor
Focus of First Cargill Grants: the Environment, Arts, and Disaster Relief
The Margaret A. Cargill Foundation is designing its first big grant programs.
By Ben Gose
Senior Editor
Awaiting $9-Billion, the Cargill Philanthropies Prepare to Grow Big
As the estate of the agribusiness heiress Margaret A. Cargill is settled, two foundations that will become among the wealthiest funds in America are gearing up to distribute their wealth.
By Ben Gose
Senior Editor
7 Charities Stand Ready to Share Some of Anne Ray Charitable Trust’s Expected Windfall
Seven charities will benefit from a $4-billion endowment created by an heiress to the Cargill agribusiness fortune. Among them are two groups with budgets of only a few million dollars.
By Ben Gose
Senior Editor
Keep Aid for Developing Countries Off the Chopping Block, Bill Gates Urges
In his annual letter on philanthropy, Bill Gates urges world leaders to continue to devote money to health and agricultural efforts in needy countries—arguing that the short-term cost will lead to long-term savings.
By Ben Gose
Senior Editor
Two Dozen Nonprofits Face Lawsuits Over Madoff Fraud
The trustee representing victims of Bernard Madoff’s fraud has filed more than two dozen lawsuits against foundations and charities that invested directly with Madoff and allegedly profited from the scheme. But to the relief of many charities, it appears that Irving Picard, the trustee, has decided…
By Ben Gose
Senior Editor
How Some of Today’s Nonprofits Got Their Start
Nonprofits were created in big numbers 100 years ago to influence an increasingly powerful government -- and to help European immigrants and rural residents build new bonds as they moved to big American cities.
By Ben Gose
Senior Editor
Fighting Cancer Takes On a New Dimension: Promoting Health Care
The American Cancer Society has been pushing for more-affordable health care, going beyond its original mission of fighting life-threatening disease.
By Ben Gose
Senior Editor