Business Leaders Plan to Encourage Volunteerism
Eighteen leaders of some of America’s largest corporations met with President Bush ALSO SEE:Charitable Giving at 99 Major CorporationsClouds on the HorizonGetting the GoodsHow The Chronicle Compiled Its Survey of Giving at Nation’s Biggest CompaniesCorporate Giving: Related Charts last month to…
By Debra E. Blum
Contributor
Corporate donations are unlikely to repeat last year’s gainsCharitable giving among the nation’s biggest companies rose last year, buoyed by an outpouring of ALSO SEE:Charitable Giving at 99 Major CorporationsGetting the GoodsBusiness Leaders Plan to Encourage VolunteerismHow The Chronicle Compiled…
By Debra E. Blum and Martha Voelz
Arts Groups Yield Billions for Economy, Study Finds
Nonprofit arts organizations and their patrons annually generate $134-billion in economic activity nationwide, according to a new study. The nonprofit arts industry also supports nearly five million jobs and delivers more than $24-billion in federal, state, and local taxes, the study says. The…
By Debra E. Blum
Contributor
Scholar Takes Roundabout Path to Philanthropy World
Several weeks into his new job as chief executive officer of the Ewing Marion Kauffman Foundation, Carl J. Schramm was leafing through his copy of The Protestant Ethic and the Spirit of Capitalism, a book by the German political economist and sociologist Max Weber. Mr. Schramm noticed that at some…
By Debra E. Blum
Contributor
Companies Compete on Donor Funds
A decade after Fidelity Investments introduced the first commercial donor-advised–fund, the field is growing more crowded than ever. Among the companies that recently have entered the multibillion-dollar donor-advised-fund market or are offering ALSO SEE:Private-label gift funds are growing in…
By Debra E. Blum
Contributor
Private-label gift funds are growing in popularityDonor-advised funds may soon be as ubiquitous as branch banks and mutual funds. Nearly a ALSO SEE:Assets of donor-advised funds totaled $12.3-billion last year, survey findsCompanies compete on donor fundsDonor-advised funds: assets, awards, and…
By Debra E. Blum
Contributor
$217-Million Deal Struck in Arthur Andersen Case
The Arthur Andersen accounting company has reached a new agreement to pay $217-million to settle lawsuits arising from its role as auditor of the Baptist Foundation of Arizona, which collapsed in 1999 owing $570-million to more than 11,000 people who had bought securities from the nonprofit group.…
By Debra E. Blum
Contributor
Plan Calls for Federal Agencies to Create Online Grant-Making Process by Next Year
Washington Charities and other groups seeking federal money would be able to apply to federal agencies for grants online through a common Web site by the end of next year under a new plan proposed by the U.S. Department of Health and Human Services. The plan, called E-Grants, is laid out in a draft…
By Debra E. Blum
Contributor
Judge Says ‘Integrity’ Rule Infringes on Charity’s Rights
Citing potential infringement of free-speech rights, a federal judge has barred the city of Nashville from enforcing a local fund-raising ordinance against Feed the Children. The ordinance allows the city to consider charities’ “reputation for honesty and integrity” in deciding whether to grant…
By Debra E. Blum
Contributor
Planned-Giving Council Urges Charities to Trim Rates Paid to Young Donors of Gift Annuities
Charities should trim the rates they pay young donors of gift annuities, according to a ALSO SEE: New Gift-Annuity Rates national planned-giving organization. The American Council on Gift Annuities has recommended that starting in July, charities lower rates for donors below age 39 by as much as…
By Debra E. Blum
Contributor