Charities in the nation’s big cities receive at least $1.5-billion a year in property-tax subsidiesSprawled across 110 acres of the Santa Monica Mountains, offering views of the Pacific Ocean and downtown Los Angeles, the Getty Center ALSO SEE: ARTICLE: Cities Take Many Approaches to Valuing…
By Harvy Lipman
Contributor
Charities’ Treatment of Donors Key to Understanding Why They Stop Giving
Many donors stop giving because they hate the way charities approach them for money — or they don’t feel they get enough information about how their money is used. That is the conclusion of several ALSO SEE:LIVE DISCUSSION: Join a live discussion with Penelope Burk to discuss her research on why…
By Holly Hall
Contributor
Aggressive fund-raising tactics increasingly alienate contributorsKaren L. Medicus made her first $25 gift to Greenpeace a few years ago, followed by another $50 six months later. Then she stopped giving — not because ALSO SEE:ARTICLE: Charities’ Treatment of Donors Key to Understanding Why They…
By Holly Hall
Contributor
Donor Withdraws $20-Million Pledge to a Florida University
After Florida International University this month turned down a trustee’s request to stretch out payments on a $20-million pledge so he could save money on taxes, the trustee withdrew the pledge and stepped off the board, saying the university’s president had insulted him. Herbert A. Wertheim,…
By Anne W. Howard
Contributor
Tycoon’s Trust Awards $120-Million to Six Cancer-Research Centers
A trust set up by Daniel K. Ludwig, a shipping and mining magnate, is providing six research institutions $20-million apiece to establish centers for the study of cancer. Mr. Ludwig died in 1992 at age 95, and since then the trust he created has quietly distributed $50-million to endow…
By Anne W. Howard
Contributor
$60-Million Donated to Yale; Other Recent Big Gifts
Eight institutions have received big gifts: Yale University, in New Haven, Conn., has received $60-million from Edward P. Bass, chairman of Fine Line, an investment and venture-capital management firm in Fort Worth, to renovate and build science facilities. Mr. Bass, who graduated from the…
Global Companies Say Charity Key to Business, Survey Finds
By Harvy LipmanNine out of 10 multinational companies say they recognize that supporting charitable and other community programs represents a potential source of business for them, according to a new survey by the Conference Board. Two-thirds of the 198 companies that participated in the survey…
Wealthy Donors Urged to Think Globally and Give Until ‘It Hurts’
By Maria Di MentoWealthy philanthropists and donors of average means today have unprecedented opportunities to improve the lives of poor people in the United States and around the world, Bill Clinton, the former president, told a conference held here last week to honor the donors who appear on The…
By Maria Di Mento
Senior Editor
How an Author’s Views on Giving Evolved
There are four forces in modern American life that are primarily responsible for making people charitable. These forces are ALSO SEE:ARTICLE: Charity’s Political DivideLIVE DISCUSSION: Join a live discussion with Arthur C. Brooks to discuss his new book, on Tuesday, November 28, at noon Eastern…
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. November 2006 5.6% October 5.8% September 6.0% August 6.2% July 6.0% June 6.0% May…