A New Way to Look at Foundation Giving
For years, the philanthropic world has debated whether private foundations distribute a big enough portion of their assets every year for good works, but the discussion has tended to stall over a single issue: whether the federal minimum payout requirement of 5 percent of investment assets should…
By Thomas J. Billitteri
Contributor
House Does Not Thwart Veto of Estate-Tax Repeal
The House of Representatives has failed to override President Clinton’s veto of a Republican-backed bill to repeal the federal estate tax and its deduction for charitable bequests. The vote was 274-157. An override would have required a two-thirds majority in both houses of Congress. In a…
By Thomas J. Billitteri
Contributor
Charities Hurt by Their Distaste for Tough Recruiting Tactics
The tight job market isn’t the only obstacle facing non-profit groups that are looking for top-notch help. They are sometimes hindered by an unwillingness to embrace aggressive or creative recruiting methods, observers say. Richard Potter, vice president for development at American ALSO SEE:Keeping…
By Thomas J. Billitteri
Contributor
In a tight job market, charities try to heighten their appeal to workersLeaders of Jumpstart for Young Children, a national non-profit group in Boston that helps preschool youngsters, don’t want their employees bolting for other jobs. So each year ALSO SEE:Pay for Leaders at Biggest Charities Rises…
By Thomas J. Billitteri
Contributor
House Fails to Override Veto of Estate-Tax Repeal
The House of Representatives failed Thursday to override President Clinton’s veto of a Republican-backed bill to repeal the federal estate tax and its deduction for charitable bequests. The vote was 274-157. An override would have required a two-thirds majority in both houses of Congress. In a…
By Thomas J. Billitteri
Contributor
‘Kiplinger’s’: New Generation of Donors
A new generation of donors is using a range of innovative methods, from “giving circles” to “venture philanthropy,” to attack the causes of social ills and ensure that charitable dollars are well spent, Kiplinger’s magazine reports (September). “Philanthropy today has a new vitality,” the magazine…
By Thomas J. Billitteri
Contributor
President Clinton Vetoes Estate Tax
The U.S. House of Representatives vowed Thursday to try to override President Clinton’s veto of a Republican-backed bill to repeal the federal estate tax and its deduction for charitable bequests. House Speaker J. Dennis Hastert, Republican of Illinois, said the first thing that House members would…
By Thomas J. Billitteri
Contributor
Arizona Senator Kyl Issues Warning to Charities
By THOMAS J. BILLITTERIOfficials of non-profit organizations who were thinking of weighing in on congressional efforts to repeal the estate tax might want to consider the comments of Sen. Jon Kyl, an Arizona Republican who has helped to lead the effort to eliminate the levy. In arguing that heirs…
By Thomas J. Billitteri
Contributor
‘Fortune’: Spurning Executive Volunteers
By THOMAS J. BILLITTERIRetired business executives who seek to become charity volunteers could be in for a rude awakening, according to Fortune magazine (August 14). The magazine details the ill-fated efforts of several former executives to lend their business acumen to charitable groups. Don…
By Thomas J. Billitteri
Contributor
Giving Among Wealthy Detailed in 2 Studies
By THOMAS J. BILLITTERIWealthy technology executives gave 6 percent of their after-tax income to charity last year, ALSO SEE:Percentage of Wealthy Technology Executives Who Support Various Charitable Causes
By Thomas J. Billitteri
Contributor