Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Case Western Reserve U. (Ohio) July 1994 June 2000 $50,000,000 $90,500,000 For the College of Arts and Sciences Chatham College (Pa.) Oct. 1998 June…
Cheney Releases Details of Charitable Giving
Richard B. Cheney, the Republican vice-presidential nominee, says that he and his wife, Lynne Cheney, donated $209,832 to charity from 1990 through 1999 and took tax deductions for that amount, a figure that represents about 1 percent of the couple’s adjusted gross income of $20.9-million for that…
By Grant Williams
Contributor
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose American Ireland Fund (Mass.) Jan. 1999 Dec. 2003 $100,000,000 $68,000,000 For projects in Ireland related to arts and culture, community…
President Clinton Vetoes Estate Tax
The U.S. House of Representatives vowed Thursday to try to override President Clinton’s veto of a Republican-backed bill to repeal the federal estate tax and its deduction for charitable bequests. House Speaker J. Dennis Hastert, Republican of Illinois, said the first thing that House members would…
By Thomas J. Billitteri
Contributor
Two Big Charity Watchdog Groups to Merge
Two of the biggest organizations that monitor charities -- the National Charities Information Bureau and the Philanthropic Advisory Service of the Council of Better Business Bureaus -- plan to merge by year’s end. The move is being welcomed by many non-profit officials who note that the two…
By Debra E. Blum
Contributor
IRS Issues Proposed Ruling on Lobby Groups
By GRANT WILLIAMSThe I.R.S. has released a proposed ruling that provides questions and answers about new reporting and disclosure requirements for certain types of tax-exempt lobbying groups, known as 527 organizations because of the section of the Internal Revenue Code under which they are…
No Deduction for Estate, Tax Court Rules
By GRANT WILLIAMSThe U.S. Tax Court has decided that a Florida estate is not entitled to a charitable tax deduction for the remainder interest in a trust that was initially set up as a charitable remainder annuity trust. In such a trust, a popular form of planned giving, a donor transfers cash or…
San Francisco Chief Quits Catholic Unit
After an investigation by Catholic Charities of San Francisco concluded that its chief executive officer, Frank C. Hudson, had “exercised poor judgment” in charging personal expenses to the non-profit organization, Mr. Hudson has resigned. Archbishop William J. Levada, who is chairman of the…
Museum Group Issues Guidelines
After several controversies over museum displays of art borrowed from donors and corporate sponsors, the American Association of Museums has issued a set of ethical guidelines designed to help its members avoid trouble. The guidelines advise museums to develop written policies on matters such as…
Bits: KickStart.com Shuts Down
By NICOLE WALLACE KickStart.com, a Web site that allowed shoppers to designate a portion of their online purchases to charity, discontinued its service August 10. In an e-mail message sent to people who had registered with the site, the Denver company said: “The ability of Internet companies to…