New Figures Released on Charity Deductions
By GRANT WILLIAMSUsing statistics from the Internal Revenue Service, RIA -- a tax-information publisher -- has calculated the average deductions for charitable contributions taken by taxpayers in 1998 in six tax brackets: Income Average contribution 1998 0-$14,999 $1,173 $15,000-29,999 $1,565…
By Grant Williams
Contributor
Following are summaries of recent reports by the Council of Better Business Bureaus’ Philanthropic Advisory Service. The service reports on whether charities meet standards for fund raising, governance, financial management, and public information. The service cautions that it does not approve or…
American Medical Association Foundation (Chicago): Appointed Kathleen MacArthur, vice president of corporate partnerships at the American College of Healthcare Executives (Chicago), to be executive director. American Red Cross (Washington): Appointed Holly Hall, a senior editor at The Chronicle of…
Tax Deductions for Charitable Giving, State by State
ALSO SEE: Rise in Giving Tracks Growth in Americans’ Income, IRS Data Show State Rankings of Charitable Deductions How The Chronicle Determined Each State’s Generosity Rating Tax Deductions for Charitable Giving, State by State Number of tax returns Number of itemized returns Returns with…
Interest Rates for Planned Gifts
From the issue dated August 10, 2000 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 2000 7.6% July 8.0% June 8.0% May 7.8%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose California Missions Foundation May 2000 Dec. 2002 $50,500,000 $800,000 To preserve and restore 21 missions throughout the state Jacksonville U.…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Central Catholic High School (Ore.) Feb. 2001 Aug. 2003 $12,900,000 $9,200,000 For capital improvements and endowment Copia: the American Center for…
Following are summaries of recent reports by the Council of Better Business Bureaus´ Philanthropic Advisory Service and the National Charities Information Bureau. Those two private organizations report on whether charities meet standards for fund raising, governance, financial management, and…
Write-Offs: I.R.S. on Charity Lobbying; and Forms for 527 Organizations
TAX WATCH By GRANT WILLIAMS The I.R.S. is again assuring charities that lobbying is perfectly permissible.The service answers nine questions about advocacy in a letter to Charity Lobbying in the Public Interest -- a project of Independent Sector that works to “dispel the myths that lobbying by…