Adapting to Changes in the 21st Century
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Answers to Legal Questions on Private Foundations
The Legal Answer Book for Private Foundations
‘Business Week’: Donor-Advised Funds
Though many fund raisers and others fear that people who set up donor-advised funds with help from financial companies like Fidelity Investments, Charles Schwab, and Vanguard would be encouraged to keep their money in their accounts -- and not give it to charity -- that has not been the case, says…
‘Forbes’: Protecting Donors’ Wishes
Donors won a major court victory in April, notes Forbes magazine (January 7), when the widow of a benefactor won the right to pursue a lawsuit against St. Luke’s Roosevelt Hospital, in New York. The widow was angry that the hospital sold a mansion her husband had donated to house an…
‘The New York Times Magazine’: Red Cross’s Troubles
The chairman of the American Red Cross doesn’t want to look for a new chief executive to replace Bernadine P. Healy, who resigned in October, until the organization’s governance system is revised, says The New York Times Magazine (December 23, 2001) in a cover story. David T. McLaughlin, the board…
Former Senator Chosen to Direct Red Cross Fund
The American Red Cross has named former Senate Majority Leader George Mitchell as “independent overseer” of its $667-million Liberty Disaster Fund, which pays for disaster-relief efforts stemming from the September 11 terrorist attacks. The decision to bring in the well-known Mr. Mitchell as an…
Bits: Conference Rescheduled, Social-Services Newsletter, and a 990 Primer
The third annual e-Philanthropy conference, which was cancelled in the wake of the September 11 terrorist attacks, has been rescheduled for March 4-5 in McLean, Va. For more information: Go to http://www.independentsector.org for registration materials, as well as to view a summary of the 2000…
Discussion List Limited to Association Members
The National Committee on Planned Giving has decided to restrict participation on its popular e-mail discussion list, GIFT-PL, to the organization’s members. The Indianapolis organization announced the decision in an e-mail message to list subscribers on December 17. “NCPG has operated the list…
Most Charities in Study Find Technology Essential
More than 80 percent of executives at human-service organizations say that information technology has changed their organizations’ daily operations over the past five years, with 87 percent calling information technology either important or essential, according to a new survey. The study also…
New study of 2000 compensation shows that most grant makers received raises that outpaced inflationMedian salaries at community, family, independent, and public foundations rose 5 percent last year, while corporate grant makers gave median salary ALSO SEE:Charity Executives’ Median Pay Is $42,000,…