Status and recent results of drives for endowments, capital improvements, and other needs Started or announced Closing date Goal Amount raised Purpose Abilene Christian U. (Tex.) Feb. 2004 Dec. 2006 $150,000,000 $56,721,503 For the annual fund, capital projects, and endowment Greater Chicago Food…
Large Grants in 2003: A Sampling
Grant recipient Amount Bill & Melinda Gates Foundation (Seattle) United Negro College Fund (Fairfax, Va.) $350,000,000 David and Lucile Packard Foundation (Los Altos, Calif.) Lucile Packard Foundation for Children’s Health (Palo Alto, Calif.) $34,000,000 Gordon E. and Betty I. Moore Foundation (San…
How Much Foundations Plan To Give In 2004
2004 budget Percentage change from 2003 Clara Abbott Foundation (Abbott Park, Ill.) $16,500,000 (P) - 11.3% Ahmanson Foundation (Beverly Hills, Calif.)1 32,700,000 (P) + 1.4 Annenberg Foundation (St. Davids, Pa.)2 190,000,000 (P) - 1.1 Atlantic Foundation of New York3 14,000,000 (P) - 20.4 Beldon…
The following awards have been presented for work in advocacy, fund raising, nonprofit leadership, philanthropy, and other areas. Corporate philanthropy. The Committee to Encourage Corporate Philanthropy (New York) has presented its 2003 Excellence in Corporate Philanthropy award, which honors…
Hospital Loses State Tax Exemption
A ruling last month to remove the tax-exempt status of a nonprofit hospital could lead to similar challenges at other hospitals, according to the American Hospital Association. An Illinois state tax panel last month stripped a Catholic hospital of its tax-exempt status. The Champaign County Board…
By Elizabeth Schwinn
Contributor
Electronic Filing Begins for Charities
The Internal Revenue Service is ready to offer charities the option of filing their federal informational returns over the Internet. Any organization that files a Form 990 or 990-EZ may participate in the program, according to the revenue service. Foundations, which must file a 990-PF, do not yet…
By Elizabeth Schwinn
Contributor
Directors of N.Y. Foundation Return $1.5-Million in Pay
Six directors of the Grand Marnier Foundation have paid a total of $1.5-million to the New York attorney general’s office to settle a lawsuit that accused them of having paid themselves excessive compensation over a 10-year period. The state will hold the money in escrow until the foundation gives…
By Harvy Lipman
Contributor
Campaign-Finance Decision Allays Nonprofit Concerns
Many nonprofit groups have expressed relief that a Federal Election Commission decision does not subject their public-policy statements to the finance limits imposed on political committees. Such groups had worried that the limits would restrict their ability to speak out on issues, such as…
By Harvy Lipman
Contributor
Several States Are Reviewing Loans Charities Made to Their Officials
The Minnesota attorney general’s office is investigating several nonprofit organizations that were identified by The Chronicle in a February 5 report as having made loans to their top officials, and charity regulators in at least four other states have begun reviews of organizations based on the…
By Harvy Lipman
Contributor
Bits: GuideStar and Network for Good Conducting Survey on Diversity and Technology
A conference called “Grassroots Use of the Internet” will be held March 13 at the Massachusetts Institute of Technology. The meeting is sponsored by the Organizers’ Collaborative, a group that promotes the use of computers and the Internet as tools for activism. For more information: Go to…
By NICOLE WALLACE
Features Editor