Majority of Private Foundations Pay Their Trustees, Survey Finds
More than two-thirds of the private foundations included in a newly released survey pay fees to their trustees. The 238 foundations ALSO SEE:How Much Big Foundations Pay Trustees in the survey paid $44.9-million in trustee fees in 1998, of which $31.1-million went to individual board members.…
By Harvy Lipman
Contributor
Majority of Funds Raised After September 11 Have Been Distributed
Two years after the September 11 terrorist attacks on the World Trade Center and the Pentagon, ALSO SEE:Assisting Terrorism’s Other VictimsHard Times for ImmigrantsBracing for CatastropheSimple Steps Can Help Charities Plan for DisastersDisaster Planning: Resources for Nonprofit OfficialsSeizing…
By Harvy Lipman
Contributor
IRS Bars Stock-Options Deals for Charities
The Internal Revenue Service has barred nonprofit organizations from offering their executives a type of deferred compensation similar to the stock options some corporations give their employees. Aggressively promoted by some of the nation’s largest accounting firms, the stock-option plans have…
By Harvy Lipman
Contributor
Giving in 2002 Didn’t Outpace Inflation, Report Says
Amid last year’s sluggish economic growth, charitable contributions by individuals, corporations, and ALSO SEE:Special Report: Charities and the EconomyGRAPHS: How Giving Fared During Hard TimesCharitable Giving, 2002 foundations totaled $241-billion but failed to keep pace with inflation,…
By Harvy Lipman
Contributor
Prosecuting Fraudulent Appeals
Unanimous court ruling divides charities and state regulatorsWashington A unanimous United States Supreme Court opinion last week that cleared the way for the State of Illinois to prosecute a ALSO SEE:Excerpts of the Supreme Court’s Opinion on Nonprofit Telemarketing Fraud telemarketing company has…
By Harvy Lipman
Contributor
In Brooklyn, N.Y., Residents Make a Religion of Charitable Giving
Brooklyn, N.Y. Sunday isn’t the only day that Concord Baptist Church is one of the busiest places in Brooklyn’s Bedford-Stuyvesant neighborhood. On one spring Tuesday afternoon, for instance, several dozen parishioners are seated at a luncheon following a ALSO SEE: SEARCHABLE DATABASE: The…
By Harvy Lipman
Contributor
How The Chronicle’s Rankings of Generosity Were Compiled
One basic premise underlies The Chronicle’s analyses of charitable giving: Most previous analyses of ALSO SEE:SEARCHABLE DATABASE: The Chronicle’s analysis of giving in America’s 3,091 countiesSpecial Report: Where generosity lives individual philanthropy have ignored differences in the cost of…
By Harvy Lipman
Contributor
Detroit, Salt Lake City Top Generosity Lists
Residents of Detroit donate a higher share of their discretionary income to charity than do people who live in any other of America’s 50 largest cities, according to a new study by The Chronicle. The study, which was based on 1997 data from taxpayers who earn at least $50,000 and who itemized their…
By Debra E. Blum and Harvy Lipman
Study Finds That Financial Worries Have Sharp Effect on Giving by the Wealthy
Wealthy people who say they are worried about their financial future on average give about $1,200 less ALSO SEE:How Concerns About the Economy Affect Average Annual Donations to charity annually than those who do not share similar economic concerns, according to a study to be released this week by…
By Harvy Lipman
Contributor
What Bush Administration’s 2004 Budget Means for Nonprofit Groups
Following are some of the proposals in the president’s fiscal 2004 budget of interest to charities and foundations. ALSO SEE:President Bush’s BudgetPhilanthropy and President Bush’s Budget: the Key ProposalsBush and Senate Draw Up Charity Tax ProposalsPresident Creates Council to Promote…
By Michael Anft, GRANT WILLIAMS and Harvy Lipman