Couple’s crusade for moral integrity in philanthropy wins praise from many -- and ruffles feathers of someCharities that get money from the Everett Foundation, in New York City, need to be prepared for the strings that come attached. Those strings are attached to Edith and Henry Everett, the…
By Haim Watzman
Contributor
Feeding the hungry is one of the oldest missions in the charity world. But a growing number of nonprofit groups are also finding ways to fill more than stomachs while serving meals to those too poor to feed themselves. Take Chicago’s Kids Cafe program, for example. While serving 500 schoolchildren…
Lack of funds and manpower taxes agency’s ability to regulate charitiesWashington The Internal Revenue Service is falling far short in its role as federal overseer of the nation’s nonprofit organizations, a growing list of critics warns. ALSO SEE: Heavier Load for the IRS Growth in Applications for…
By GRANT WILLIAMS
Contributor
Following are summaries of recent reports by the BBB Wise Giving Alliance. This private organization reports on whether charities meet standards for fund raising, governance, financial management, and public information. The service does not approve or disapprove of charities, and urges potential…
Africa Foundation (Johannesburg): Appointed Wendy Wood, relations manager, to be U.S. representative, based in San Francisco. (For more on Ms. Wood, see New on the Job.) Arts Council Silicon Valley (San Jose, Calif.): Appointed Lisa Cole, public-relations and communications specialist for the…
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. August 2001 6.0% July 6.2% June 6.0% May 5.8% April 6.0% March 6.2% February 6.2%…
IRS Denies Deduction for Donated News Footage
Broadcasting companies may be less interested in donating old news footage to charity now that the I.R.S. has ruled that one company’s donations do not qualify for a charitable deduction. The case involved a broadcasting company that periodically passed on clips of local news stories to a charity.…
By Elizabeth Schwinn
Contributor
Income-Tax Judgment Ends Battle with Church
A federal judge has imposed tax penalties on a former Baptist pastor, putting an end to a $5.9-million tax case against his Indianapolis church. U.S. District Judge Sarah Evans Barker ordered the Rev. Gregory J. Dixon, pastor emeritus of the Indianapolis Baptist Temple, to pay the government…
By Elizabeth Schwinn
Contributor
Charitable Tax Break Bill Heads to Senate
A bill containing several charitable tax incentives affecting charities and foundations faces an uncertain future in the Senate after it was passed last month by the House of Representatives. By a vote of 233 to 198, the House approved the tax incentives as part of President Bush’s effort to help…
By Ian Wilhelm
Contributor