Community Foundations’ Assets, Gifts, and Grants in 2003
In billions 1997 $21.2 1998 $25.2 1999 $29.9 2000 $31.5 2001 $31.4 2002 $29.7 2003 $34.9 Top 50 1. New York Community Trust $1,776,159,621 2. Cleveland Foundation $1,520,736,774 3. Chicago Community Trust $1,200,315,383 4. Marin Community Foundation (Calif.) $1,064,273,000 5. Tulsa Community…
Supporters Say Venture Philanthropy Still Thrives, Even if Reach Is Limited
Palo Alto, Calif.
By Ben Gose
Senior Editor
Assets of Community Foundations Rose in 2003 After Two Years of Losses
The combined assets at community foundations around the country rebounded along with the stock market last year, ALSO SEE:Community Foundations’ Assets, Gifts, and Grants in 2003 following two years of overall losses at the organizations, according to two new reports. An annual survey by the…
By Debra E. Blum
Contributor
MacArthur Foundation Announces 23 Winners of Its ‘Genius Awards’
The John D. and Catherine T. MacArthur Foundation, in Chicago, has announced the 23 recipients of its 2004 MacArthur Fellowships. The fellowships, commonly dubbed the “genius awards,” recognize people who demonstrate exceptional creativity in their fields. Each fellow receives $500,000 over five…
Causes Supported by Minorities Differ by Age of Donor
Minority-group members born after the passage of civil-rights legislation in the mid-1960s tend to support charities and educational causes that help people of all races and ethnicities, a study of New Yorkers has found. By contrast, people who are older are more likely to support causes that help…
By BRENNEN JENSEN
Contributor
Personal Gains Can Mean Losses for Charity
Charity fund raisers are not the only ones who sometimes benefit personally from relationships with ALSO SEE:When Gifts Get PersonalSteps Charities Can Take to Discourage Personal Gifts to Fund RaisersGifts to Fund Raisers Touch Off Debate wealthy donors. Often financial advisers and others reap…
By Holly Hall
Contributor
Steps Charities Can Take to Discourage Personal Gifts to Fund Raisers
Emil Kallina, a Baltimore lawyer, says he has encountered situations at three charities where fund ALSO SEE:When Gifts Get PersonalGifts to Fund Raisers Touch Off DebatePersonal Gains Can Mean Losses for Charity raisers were named to receive large sums of money in donors’ wills. The charities were…
By Holly Hall
Contributor
Nonprofit groups seek to clarify ethical standards for fund raisersMsgr. John G. Woolsey, 67, spent years raising money for the Roman Catholic congregation he served. But now he ALSO SEE:Steps Charities Can Take to Discourage Personal Gifts to Fund RaisersGifts to Fund Raisers Touch Off…
By Holly Hall
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. October 2004 4.4% September 2004 4.6% August 4.8% July 5.0% June 4.6% May 3.8%…