IRS Issues Final Regulations on Public Access to Foundations’ Tax Returns
The Internal Revenue Service has issued its final regulations on how private foundations must comply with a new law designed to give the public greater access to their annual informational tax returns. ALSO SEE:Text of the new rules The rules, which take effect on March 13, appeared the January 13…
By GRANT WILLIAMS
Contributor
Postal Service Seeks Increase in Charity Rates
Washington The Postal Service announced today that it hopes to increase postage rates for charities early next year. The average rise would be 5.6 per cent for charities’ letters, but some groups could see the cost of sending certain types of direct-mail pieces such as magazines rise by as much as…
By Holly Hall
Contributor
Biggest Gifts and Pledges Announced by Individuals in 2000
Donor Amount Purpose Bill Gates, chairman of Microsoft, and his wife, Melinda $5-billion To endow the Bill & Melinda Gates Foundation Gordon Moore, chairman emeritus of Intel, and his wife, Betty $5-billion pledge To endow the Gordon E. and Betty I. Moore Foundation Patrick J. McGovern Jr.,…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Bay Path College (Mass.) Dec. 2000 June 2003 $9,000,000 $6,000,000 For general program support, new technology and facilities, and scholarships…
Following are the grants awarded by Creative Capital, a new fund to support individual artists. EMERGING FIELDS -Betty Beaumont (New York): $15,000 for “Decompression,” ALSO SEE:New Fund to Benefit Individual Artists Announces Grantees a Web site that will include articles, documents, and images…
New Fund to Benefit Individual Artists Announces Grantees
Creative Capital, a new fund to support emerging artists, announced its first round of grant winners today -- ALSO SEE:Awards Made by New Arts Fund 75 people whose work ranges from a hip-hop dance based on Romeo and Juliet to a Web site that uses video-streaming technology to tell the stories of…
By Meg Sommerfeld
Contributor
$1-Billion Estate Pledged to Charity by Colorado Cable Entrepreneur
Bill Daniels, a Denver cable-television mogul, has promised to leave the bulk of his $1.1-billion estate to a foundation he began in 1997. The Daniels Fund will use 30 per cent of the windfall to finance a college-scholarship program for students from low-income families and the remainder to…
By C. Quinn Hanchette
Contributor
Largest Gifts by Individuals in 1999
Compiled by C. QUINN HANCHETTE Rank Donors Amount Purpose 1. Bill Gates, chairman of Microsoft, and his wife, Melinda Three gifts totaling $16-billion To endow the Bill & Melinda Gates Foundation [details] 2. James H. Clark, founder of Netscape $150-million To construct a biomedical-engineering…
Cultivating Philanthropy by Women
Female donors now have the means, but they’re still not as willing as men to part with their money This month the Milwaukee Women’s Fund will broaden its fund-raising appeals to reach a new constituency: female babies. Its Little Women’s Fund will seek gifts of $1,000 or more to be made in an…
By Holly Hall
Contributor
What Donors Can Do to Avoid the Pitfalls of Shared Giving
More and more donors are getting together to pool their money and decide how to give it away. However, such “team giving” groups can be hard to organize and maintain. ALSO SEE:Getting Together to Give Even those that have started with the help of an established group, like a community foundation or…
By Holly Hall
Contributor