Former Rockefeller Executive Found Guilty of Stealing $400,000
A former grants administrator at the Rockefeller Foundation has been found guilty of stealing more than $400,000 from the grant maker by defrauding its employee matching-gift program over a seven-year period. Cheryl McEwan, 51, who was employed at the foundation from 1990 until she was fired last…
By Ian Wilhelm
Contributor
Alumnus Pledges $30-Million to University of Florida; Other Gifts
Six institutions have received big gifts: The University of Florida, in Gainesville, has received a pledge of $30-million from William R. Hough, founder of a municipal-bond firm in St. Petersburg, Fla., to support the graduate programs at the Warrington College of Business Administration. The money…
By Anne W. Howard
Contributor
Executive Embraces Challenge of Creating Top-Tier Pediatric Clinics
Kelby K. Krabbenhoft has overseen a decade of rapid growth here at Sioux Valley Hospitals and Health System, but ALSO SEE:ARTICLE: Great Plains Generosity that’s nothing compared with his vision for the future. The system, renamed Sanford Health this month following a $400-million gift from the…
By Ben Gose
Senior Editor
A little-known billionaire gives $400-million to S.D. hospital When the head of a South Dakota hospital system paid him a visit in late 2005, T. Denny Sanford had no idea he was about to be asked to make one of the largest gifts ever to a medical institution. Kelby K. Krabbenhoft had told Mr.…
By Ben Gose
Senior Editor
THE FACE OF PHILANTHROPYBetter Beginnings
Photograph by Lynn Hoffman-Brouse
By HEATHER JOSLYN
Contributor
Interest Rates for Planned Gifts
Following are the interest rates, provided by the Internal Revenue Service, for computing charitable deductions for charitable remainder trusts, gift annuities, charitable lead trusts, and some other deferred gifts. February 2007 5.6% January 5.6% December 2006 5.8% November 5.6% October 5.8%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced Closing date Goal Amount raised Purpose Brown U. (R.I.) Oct. 2005 Dec. 2010 $1,400,000,000 $939,000,000 For academic programs, the annual fund, facilities, public-health programs,…
Action Against Hunger USA (New York): Appointed Nan Dale, president and chief executive officer of Helen Keller International (New York), to be executive director. Alpha USA (New York): Appointed Gerard Long, senior vice president of corporate marketing at HSBC, based in Chicago, to be chief…
The Internal Revenue Service has announced that it will not increase the fees that it charges nonprofit organizations to apply for tax-exempt status or to receive written advice this year (Revenue Procedure 2007-8, Internal Revenue Bulletin 2007-1). Nonprofit groups that seek rulings for the first…
By Peter Panepento and Elizabeth Schwinn
Following are summaries of recent reports by the BBB Wise Giving Alliance. This private group reports on whether charities meet standards for fund raising, governance, financial management, and public information. The alliance does not approve or disapprove of charities, and urges potential donors…