WHERE FOUNDATION MONEY GOES Breakdown of Charitable Spending at Private Foundations Grants 90% Charitable operating and administrative expenses 7% Program-related investments 1% Other 2% Total: $21.2-billion
Private Funds Spend 7 Percent on Administrative Costs, Study Finds
The country’s biggest private foundations collectively spent 7 percent of their charitable distributions on ALSO SEE:Foundation Expenses operating and administrative costs in 2001, according to one of the first comprehensive looks at foundation expenses. But the percentage spent by individual…
By SUZANNE PERRY
Contributor
Government Clarifies Antiterror Rules for Federal Charity Campaign
Concerns about antiterrorism requirements have flared once again as part of the Combined Federal Campaign, the annual charity drive for federal workers. This time the controversy involves local United Ways that administer the campaign in some parts of the country. At issue are reports that some…
By GRANT WILLIAMS
Contributor
Many groups use the term, but definition of ‘member’ varies Mark Pilipczuk can learn a lot about his organization simply by looking at its weekly membership report. For Mr. Pilipczuk, the vice president of marketing at the World Wildlife Fund, in Washington, membership numbers can quickly tell him…
By PETER PANEPENTO
Contributor
Charities Might Get Reprieve on Postal Increases Under Legislation Pending in Congress
Washington The U.S. House of Representatives last week passed a sweeping measure to overhaul the postal system -- and charities that rely on direct mail to raise money and educate people about their causes could save money on postage if the bill becomes law. The measure, which has been debated for…
By Holly Hall
Contributor
Car-donation programs report big declines since January Americans have slowed their donations of cars to charities in the past six months -- the apparent result of changes Congress made to tighten the rules for donors who write off such gifts on their income taxes. The dent in donations has caused…
By Caroline Preston
Contributor
$22.6-Million Pledged to Utah College; Other Gifts
Three institutions have received big gifts: Larry H. Miller, a Salt Lake City entrepreneur who owns the Utah Jazz basketball team, and his wife, Gail, have pledged to provide land and construction costs worth a total of $22.6-million to Salt Lake Community College. Most of the money will go to the…
Stocks Have Bounced Back but Giving by the Nation’s Wealthiest Has Not, Study Finds
The wealthiest Americans have cut their charitable donations by 70 percent since the stock-market boom ended, a new report shows. Average contributions from households with a net worth of at least $5-million (excluding primary residences) fell from $600,000 in the three-year period 1998-2000 to…
By SUZANNE PERRY
Contributor
White House Pushes Grant Makers to Step Up Aid to Religious Charities
Washington Nonprofit officials last week gave mixed reviews to President Bush’s plan to hold a conference to encourage corporations and foundations to give more money to churches and other religious organizations. While several charity observers applauded the president’s goals, other observers…
By Ian Wilhelm
Contributor
Good Works Not Enough to Bolster Business Image
Forty-four percent of Americans believe that U.S. businesses are headed in the “wrong direction” when it comes to ALSO SEE: Corporate Good Works: How they are Viewed by the Public Companies Americans Rate as Top “Corporate Citizens” corporate citizenship, a new survey has found. And while corporate…
By BRENNEN JENSEN
Contributor