Photograph by Paul Ladd/Ladd PhotographyNo child likes being reminded to take a bath or told that dinner has to be more than french fries. And all parents grow weary of nagging their youngsters to keep clean and to eat right. For families in the Houston area, help has arrived in the form of…
Interest Rates for Planned Gifts
From the issue dated July 27, 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 Brown U. School of Medicine (R.I.) July 1997 June 2002 $70,000,000 $32,355,000 For endowment, capital needs, annual support, and research Dominican…
The following awards have been presented for work in philanthropy, volunteerism, and non-profit management: Children. The Boys & Girls Clubs of America has presented two awards for outstanding service to young people. Ted Turner, vice chairman of Time Warner (New York), has received the Herbert…
Federal Charity Campaign Raised $218-Million in 1999
The federal government’s employee charity drive raised $217.8-million last year, a 5.5-percent rise over 1998. The money from the annual Combined Federal Campaign went to 1,200 organizations nationwide. Last year’s drive was the fourth campaign in a row in which giving increased. Even though the…
By Holly Hall
Contributor
People With Big Estates Leave Little to Charity
Wealthy people whose estates are large enough to be subject to estate taxes leave only a fraction of their assets to charity. According to estate-tax returns filed in 1998, 6.2 percent of total estate value was distributed ALSO SEE:A Taxing DilemmaCharitable Bequests by Estates Subject to…
By Thomas J. Billitteri
Contributor
Charity leaders are split on how estate-tax repeal would affect gifts -- and whether to take a stand As a senior fund raiser at Harvard University, Charles W. Collier makes it his business ALSO SEE: People With Big Estates Leave Little to Charity Charitable Bequests by Estates Subject to Taxes…
By Thomas J. Billitteri
Contributor
Write-Offs: Bills to Eliminate Estate Tax and Encourage Gifts for Medical Research
* The House of Representatives has passed a bill that would eventually repeal federal estate and gift taxes and eliminate the accompanying deduction for charitable bequests. The measure, HR 8, would gradually take effect during a 10-year period. Some fund raisers have argued that elimination of the…
By GRANT WILLIAMS
Contributor
Charitable Deductions Rose in 1998, IRS Says
New statistics released by the I.R.S. show that deductions claimed for charitable contributions rose from $99.2-billion in ALSO SEE:Charitable Deductions Claimed on Tax Returns 1997 to an estimated $105.3-billion in 1998, an increase of 6.2 percent. The jump was significant but was sharply lower…
By GRANT WILLIAMS
Contributor
Disclosure Rules Enacted for Some Lobbying Groups
President Clinton has signed into law new public-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 organized. Under the law, which took effect July 1, 527 organizations must…
By Jennifer Moore
Contributor