Most Wealthy People Bequeath Nothing to Charity, Study Finds
Four of five wealthy Americans leave nothing to charity when they die, according to a new study by the Treasury Department. But among those who do bequeath money to charity, the wealthiest give a bigger share of their assets than do less-wealthy people, the study also found. Those conclusions are…
By Thomas J. Billitteri
Contributor
National Diabetes Charity Settles Legal Dispute With Affiliate
The American Diabetes Association and its former Rhode Island affiliate have settled a legal dispute that erupted when the affiliate decided to break off from the national association rather than give up its autonomy. The two sides subsequently filed legal actions against each other. Under the…
By Thomas J. Billitteri
Contributor
Salaries at Foundations Outpace Inflation, Study Finds
Median salaries at U.S. foundations grew by 5 per cent this year, outpacing inflation for the third year in a row, according to a new report by the Council on Foundations.
By Thomas J. Billitteri
Contributor
Charities May Gain $125-Million From Sale of Kansas City Royals
Charities in Kansas City, Mo., stand to gain about $125-million from the proposed sale of the Kansas City Royals baseball team by the Greater Kansas City Community Foundation, which was bequeathed the team by its former owner. The deal is subject to approval by Major League Baseball team owners. If…
By Thomas J. Billitteri
Contributor
‘American Benefactor’ to Cease Publication
The American Benefactor, a quarterly philanthropy magazine sold to charities for free distribution to donors, is ceasing publication after its Winter 1998 issue. The move marks the end of a two-year experiment that charity executives both lauded and criticized. W. Randall Jones, chief executive of…
By Thomas J. Billitteri
Contributor
‘Editor & Publisher’: On-Line Charity Drives
Many newspapers are putting their traditional holiday charity drives on line, reports Editor & Publisher magazine, in a November 16 column on its Web site. Some of the sites are trying to bolster donations by accepting gifts via the Internet. Among them: * The Boston Globe has created “Globe…
By Thomas J. Billitteri
Contributor
‘Town & Country’: Persuasive Women
Behind every charity is “at least one persuasive woman,” declares Town & Country magazine (December), and the publication profiles seven of them. All are well-known members of the social set, women whom Town & Country calls some of “the nation’s most effective volunteer fund raisers.” The issue…
By Thomas J. Billitteri
Contributor
‘Worth’: Include Charity in Financial Planning
Giving to charity is a smart financial-planning strategy, says Worth magazine (December-January 1999). “If you’re not making charitable giving part of your financial plan, you may be missing out,” Worth says. “The deduction for charitable contributions can now provide tax breaks for up to 50 per…
By Thomas J. Billitteri
Contributor
‘Esquire’: Give Generously but Wisely
It’s good to give but better to give wisely, says an article in Esquire magazine (December). Giving involves more than “simply writing a check,” says the magazine. “There are smart ways and there are dumb ways. More important, there are right ways and there are wrong ways.” A smart way, according…
By Thomas J. Billitteri
Contributor
Endowments Mark Fiscal Maturity for Environmental Groups
Ducks Unlimited, in Memphis, has worked for 61 years to protect waterfowl habitats throughout North America. But until recently, the environmental group has relied almost exclusively on fund-raising events and donations to support its activities. ALSO SEE:Saving for the Future Now, the group is in…
By Thomas J. Billitteri
Contributor