Interest Rates for Planned Gifts
From the issue dated June 15, 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. July 2000 8.0% June 8.0% May 7.8% April 8.0%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Bethesda Hospital Foundation (Fla.) Oct. 1999 Sept. 2006 $100,000,000 $26,000,000 For capital expansion, endowment, and annual expenses Georgetown U.…
Ohio Cancer Society Official, Charged With Embezzlement, Turns Himself In
By HARVY LIPMAN A top executive of the American Cancer Society’s Ohio division who had disappeared after allegedly embezzling $6.9-million has turned himself in to the Federal Bureau of Investigation. Daniel S. Wiant, chief administrative officer of the Ohio division, surrendered to authorities at…
United Way of America Head to Step Down
Betty Stanley Beene, president of the United Way of America, plans to leave her post within the next 18 months, the organization announced Friday. United Way said that at its June board meeting, Ms. Beene told directors of her intention to “conclude her service to the organization.” Ms. Beene did…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Bethesda Hospital Foundation (Fla.) April 2000 April 2007 $100,000,000 $15,000,000 For capital needs and endowment Canterbury Shaker Village (N.H.)…
Deadline Approaches on ‘Flip’ Trusts
Time is running out for donors who were given extra time by the I.R.S. to take advantage of federal rules that make certain types of planned gifts more lucrative for contributors and charities (The Chronicle, June 3, 1999). The rules, issued in December 1998, clarified how the I.R.S. treats “flip”…
Charitable Tax Deductions Considered by Congress
Two members of Congress who have seats on influential committees have introduced bills that would allow people who do not itemize on their federal income-tax returns to write off a portion of their charitable gifts. The legislation, which is called the Neighbor to Neighbor Act, is sponsored by…
Report Issued from Annenberg Challenge
Students at Work: A Portfolio from the Annenberg Challenge, edited by Barbara Cervone, Kathleen Cushman, and Lisa Rowley, is the annual report from Walter H. Annenberg’s $500-million program to improve America’s public schools. The Annenberg Challenge comprises 18 projects in big cities and rural…
Report Analyzes Mentor Programs
Mentoring School-Age Children: Relationship Development in Community-Based and School-Based Programs, by Carla Herrera, Cynthia L. Sipe, and Wendy S. McClanahan, is a study from Public/Private Ventures commissioned by the Public Policy Council of the National Mentoring Partnership, in Washington,…
How Charities Can Win Support From Businesses
Successful Corporate Fund Raising: Effective Strategies for Today’s Nonprofits