Some large accounting firms are selling stock plans to charities Charities have long used car allowances, country-club dues, and other corporate-style perks to attract and retain top executives. But one compensation technique -- the stock-option plan -- has remained out of place in the charity…
By Thomas J. Billitteri
Contributor
Top College Fund Raisers’ Pay Rose 5% in 1998, Survey Finds
Median salaries for chief development officers at colleges and universities rose by nearly 5 per cent last year, to $83,941, according to a survey by the College and University Personnel Association. ALSO SEE:Median Salaries of College Fund-Raising Officials, 1998-99 Top development officials who…
By Stephen G. Greene
Contributor
New study finds a big drop in the percentage of baby boomers who are donors to national advocacy groups Civil-rights groups, environmental organizations, and other national advocacy groups that expected a boom in donations from the baby-boom generation may be in for bitter disappointment. ALSO…
By Holly Hall
Contributor
Penney Fund Creates Two New Entities
After nearly a half-century of grant making, the James C. Penney Foundation, in New York, is closing its doors and transferring its $26-million in assets equally to two new grant-making foundations: the Partnership Foundation, in Dallas, and the Penney Family Fund, in San Francisco. The…
Physicist to Donate $1-Million of Award
Ian G. Barbour, an acclaimed physicist and theologian who is this year’s recipient of the $1.24-million Templeton Prize for Progress in Religion, said he will donate $1-million of his award to the Center for Theology and the Natural Sciences, in Berkeley, Cal. Mr. Barbour, a professor emeritus at…
New Awards to Spur Corporate Giving
The Dayton Hudson Foundation, in Minneapolis, has created a new awards program designed to encourage corporations to step up their philanthropy. Each year, the foundation will make awards to: * A corporation “that has demonstrated community involvement of outstanding effectiveness, creativity,…
A new, $100-million charitable foundation is expected to be created through the proposed merger of Fleet Financial Group and BankBoston. The merger, which would create the nation’s eighth-largest bank, with assets of nearly $180-billion, is pending approval from financial regulators and the U.S.…
Philip Morris Pledges Millions to Fight Hunger
Philip Morris Companies, the food and tobacco giant, has pledged to provide $50-million in cash and $50-million worth of food over the next four years to help feed the hungry. The Philip Morris Fight Against Hunger project is believed to be the largest-ever corporate donation to fight hunger. In…
By MARINA DUNDJERSKI
Contributor
Several Tutors Are Winners of Recent Volunteer Awards
Following are the people and organizations that have most recently been named to receive President Clinton’s Daily Points of Light Award. The awards, which are given to those who have done exemplary volunteer work, take their name from President Bush’s description of people who do community service…
Reed College, Napa Valley Center Get Big Gifts; Other Donations
A college and a future culinary and cultural center have received big gifts. * Reed College, in Portland, Ore., has received $21.1-million from a former student’s trust to endow financial-need scholarships. Phillip Wertheimer attended Reed in the 1940s and worked as a mechanical engineer and…