Regional survey links religion with strong sense of communityReligious ties play a big role in getting Americans to participate in a wide ALSO SEE:How Study Measured Community ConnectionsSocial Connections: a Scorecard for 40 Regions range of social activities, including giving, volunteering, and…
By Elizabeth Schwinn
Contributor
Charities could face future cuts in grants if economy faltersDragged down by a declining stock market and faltering economy, ALSO SEE:Foundation Giving and RecessionsThe 2001 Foundation Giving Survey: Search the survey database and browse additional data.How The Chronicle Conducted Its Survey on…
By Elizabeth Schwinn
Contributor
Fund raisers try to adjust to a lull in gifts as the economy slowsBrian Berrigan, executive director of the Jesuits of New Orleans Province, cleared his ALSO SEE:Charitable Giving and Recessions schedule for the last week in December in anticipation of the usual flurry of calls, faxes, and letters…
By Elizabeth Schwinn
Contributor
New Site Created on Taxes and the Web
By ELIZABETH SCHWINNConcerned that nonprofit groups might not be taking advantage of their chance to shape tax regulations that will govern their use of the Internet, a nonprofit official has created a Web site to encourage charity leaders to post their views on the topic. The I.R.S. last fall…
By Elizabeth Schwinn
Contributor
Regulations Unveiled for ‘Chutzpah’ Trusts
By ELIZABETH SCHWINNIn a second set of rules on charitable remainder trusts, the I.R.S. spelled out its prohibition against so-called chutzpah or “full Monty” trusts, named for the technique’s brazenness for sheltering capital gains from taxes. The trusts were marketed mainly by for-profit…
By Elizabeth Schwinn
Contributor
IRS Issues Final Rules On ‘Vulture’ Trusts
By ELIZABETH SCHWINNThe Internal Revenue Service has issued final rules aimed at closing down a type of charitable lead trust in which gravely ill people are exploited to help wealthy ones save on taxes. The revenue service relaxed some of the restrictions it had suggested when it first proposed…
By Elizabeth Schwinn
Contributor
The IRS Issues New Regulations to Enforce ‘Intermediate Sanctions’ Law
By ELIZABETH SCHWINNWashington More than two years after issuing provisional rules on the topic, the Internal Revenue Service has released more-detailed rules on how it will enforce a law designed to crack down on people who receive improper financial benefits through their involvement with…
By Elizabeth Schwinn
Contributor
Write-Offs: IRS Approves Settlement; Coaliton Forms Advisory Group on Nonprofit Tax Issues
By ELIZABETH SCHWINN The Internal Revenue Service has approved a $20.1-million settlement between the former trustees of Hawaii’s wealthiest charity and the Hawaii attorney general’s office, ending a three-year legal battle over the $6-billion charitable trust. At issue were charges that the former…
By Elizabeth Schwinn
Contributor
Temporary-Help Group Is Denied Tax Exemption
By ELIZABETH SCHWINNSaying that an organization is not a charity just because it gives away its services, the U.S. Tax Court has ruled that an organization that pledged to provide free job training to the poor and free employment referrals to business was not exempt from tax because its activities…
By Elizabeth Schwinn
Contributor
Aid Requests Rose Sharply at Catholic Charities in ’99
By ELIZABETH SCHWINNThe number of people asking for food, clothing, and temporary shelter rose sharply in 1999 despite the booming economy, according to a survey by Catholic Charities USA of its more than 1,400 member organizations. The survey, which was released December 19, found that nearly six…
By Elizabeth Schwinn
Contributor