Adolescent Pregnancy Prevention Coalition of North Carolina (Chapel Hill): Appointed Carolyn Rhode, development director at Durham Public Education Network (N.C.), to be development director. American Association of Homes and Services for the Aging (Washington): Appointed Bernie Khoo, acting vice…
Interest Rates for Planned Gifts
From the issue dated May 5, 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. May 2000 7.8% April 8.0% March 8.2% February 8.0%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Children’s Friend and Service (R.I.) Aug. 1999 Dec. 2002 $2,000,000 $515,000 To build a facility in Central Falls, R.I. Florida Institute of…
Tax-Exempt Organizations Registered With the IRS
More than 730,000 charities and private foundations were registered with the Internal Revenue Service as of September 30, 1998, according to the tax agency. The number of organizations classified under Section 501(c)(3) of the Internal Revenue Code rose by 41,266, or 6 percent, from 1997 to 1998,…
Ford Foundation Announces $40-Million Arts Program
The Ford Foundation will next week give a total of $40-million to 28 arts groups across the United States. The one-time grants of $1-million to $2.5-million are intended to send a signal to individual donors, especially those with new wealth created by the booming U.S. economy, that the arts…
By Constance Casey
Contributor
Write-Offs: New Guide for Donors On Value of Donated Goods; Job Shuffle at IRS
* The I.R.S. has published a revised version of its handbook “Determining the Value of Donated Property” for donors and appraisers. Among the topics: How to place a fair market value on household goods, used clothing, art objects, and used cars. The booklet, Publication 561, may be found on the…
By GRANT WILLIAMS
Contributor
Charities Urged to Use Internet for Advocacy
The Alliance for Justice, a national association of advocacy groups, is telling charities how they can use e-mail messages, e-mail discussion lists, and other online techniques to help set public policy while following federal laws that were written years before the advent of the Internet. The…
By GRANT WILLIAMS
Contributor
‘Vulture’ Trusts Prohibited Under IRS Rules
The Internal Revenue Service has issued proposed rules that close down a controversial form of charitable trust in which gravely ill people are exploited to help wealthy ones save on gift and estate taxes. So-called vulture trusts involve what the I.R.S. says are “abusive” forms of charitable lead…
By Thomas J. Billitteri
Contributor
The following awards have been presented for work in philanthropy and volunteerism: Education. The New York Theological Seminary has received the 2000 Arthur Vining Davis Foundations Award for Excellence, which recognizes overall excellence and significant improvement in an educational institution.…