New Charity Trust-Fund Law Expected to Benefit Ohio Groups
Ohio charities are expected to benefit from a new state law that widens the investment options for assets held in trust for non-profit groups. The statute, which may be one of the first of its kind in the country, frees third-party trustees -- such as banks -- from limiting to interest and…
By Debra E. Blum
Contributor
New Organization to Help Community Foundations
A group of community-foundation leaders has formed a new organization that they say is intended to meet the unique needs of their funds. The move comes after years of complaints among members of the Council on Foundations -- a Washington association that serves a variety of grant makers -- that the…
By Debra E. Blum
Contributor
Bishop Estate to Pay IRS $9-Million but Retain Its Tax-Exempt Status
Hawaii’s wealthiest charity has agreed to pay more than $9-million to settle its tax-liability dispute with the Internal Revenue Service. Under an agreement approved this month by a probate court in Honolulu, the Bernice Pauahi Bishop Estate will be permitted to retain its tax-exempt status. But…
By Stephen G. Greene
Contributor
Red Cross Taps Surplus Holiday Helpers to Generate Revenue
Like countless charities this time of year, the 1,300 chapters of the American Red Cross are deluged with phone calls from ALSO SEE:When Good Will Overflows individuals moved by the holiday spirit and looking for opportunities to volunteer. But unlike many groups that are forced to turn people away…
By DOMENICA MARCHETTI
Contributor
Charities work to turn holiday volunteers into year-round help A few days before Thanksgiving, Chicagoan David Cook decided that he wanted to spend the holiday helping to feed the homeless. ALSO SEE:Red Cross Taps Surplus Holiday Helpers to Generate Revenue But Mr. Cook, a management consultant,…
By Meg Sommerfeld
Contributor
Shoppers Buy Gifts to Help Charities
This holiday season, nearly two-thirds of Americans will buy products from businesses that channel a share of the purchase price to charity, a new survey has found. That’s up from two years ago when only 5 out of 10 Americans said they would buy such products. The poll, sponsored by Cone, a…
Clinton Signs Bill on Donor Lists
President Clinton has signed into law a measure that bars public-broadcasting entities that receive federal money from renting or exchanging their donor lists for political uses. The measure, which was included in the Consolidated Appropriations Act for 2000, blocks the disbursement of federal…
Top Donors Dominate Big Educational Capital Campaigns
A greater and greater share of the money raised in capital campaigns by colleges, ALSO SEE:Percentage of Gifts Made by Top Donors in Educational Campaigns universities, and private schools is coming from those organizations’ top donors, a new study has found. Among 171 educational institutions…
By Holly Hall
Contributor
Software Deal Goes Sour for United Way
United Way of America has spent $12-million on a new charitable-pledge software system that is so riddled with errors it had to be scrapped. The charity hired Cap Gemini America, a subsidiary of a $4.4-billion information-technology company based in France, to design the software in 1997. But a…
By Holly Hall
Contributor
Violence Reduction, Volunteer Induction Among Goals of Recent ‘Points of Light’ Honorees
Following are the people and organizations that have most recently been named to receive President Clinton’s Daily Points of Light Award. The Points of Light Foundation, a Washington charity, assists the President in making the choices and carrying out the award program. More information about the…