IRS Handling of September 11 Charities Shows Weaknesses of Approval System, Critics Say
Less than two weeks after the September 11 terrorist attacks, the Internal Revenue Service ALSO SEE:September 11 Charities Face Challenges Beyond the OrdinaryHalf of $2-Billion Raised for September 11 Given Away; Other Recovery UpdatesA Sampling of Charities Given IRS ‘Fast Track’ Status granted…
By Harvy Lipman
Contributor
Terror’s Legacy: 250 Charities
In the days and weeks after the September 11 terrorist attacks, more than 250 new charities came on the scene, approved by the Internal Revenue Service through a special process intended to bring speedy aid to victims, survivors, and others affected by the disaster. Now, six months after the…
Improving the Roof of the World
Photograph by Kathy WoodTwenty-three years ago, Richard C. Blum, an investment banker in San Francisco, visited Nepal to climb mountains near Mount Everest. After becoming smitten with the place and its people, he started the American Himalayan Foundation, which supports the construction of…
AACSB International-the Association to Advance Collegiate Schools of Business (St. Louis): ALSO SEE:Wildlife Group’s New Fund Raiser Seeks to Capture Baby Boomers Appointed Jim Bast, assistant dean and director of graduate programs in the College of Business Administration at the U. of Cincinnati,…
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…
Interest Rates for Planned Gifts
From the issue dated March 7, 2002 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. March 2002 5.4% February 5.6% January 5.4%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Georgetown U. (D.C.) Oct. 1998 June 2003 $1,000,000,000 $765,000,000 For endowment, new facilities, and programs The Juilliard School (N.Y.) April…
Retired Texas Oil Executive Pledges $150-million Estate to His Alma Mater
A retired oil executive from Dallas has pledged $150-million to the University of Texas at Austin to endow studies in earth sciences. The gift is one of the largest ever to a public university. John A. Jackson, 88, who founded the Katie Petroleum Company, said he would bequeath to the university an…
By Laura Hruby
Contributor
How Environmental Work Led to Teaching Businesses About Web Accessibility for the Disabled
ENTRY LEVEL Sharron Rush Age: 50 Current job: Executive director of Knowbility, Austin, Tex. First job: Consultant for Easter Seals-Central Texas, Austin After many years as an entrepreneur and manager in restaurants and other small businesses, I went back to college in my late 30s and graduated…