Debate Over Government-Paid School Vouchers Is Accelerating
Philanthropists who create scholarship funds to send poor children to private schools have entered -- some intentionally, others not -- one of the most politicized and controversial frays in education today: the debate over government-financed vouchers to let parents send their children to the…
By MARINA DUNDJERSKI
Contributor
As politicians debate school vouchers, many philanthropists start funds to give poor kids a private education Amid a heated national debate about the wisdom of government vouchers and tax credits for private schooling, an increasing number of philanthropists are creating scholarship funds that…
By MARINA DUNDJERSKI
Contributor
Following are summaries of recent reports by the Council of Better Business Bureaus’ Philanthropic Advisory Service and the National Charities Information Bureau. Those two private organizations report on whether charities meet standards for fund raising, governance, financial management, and…
Academy for Educational Development (Washington): Appointed May Rihani, senior vice-president at Creative Associates International (Washington), to be senior vice-president and director of gender and education development. American Society of Association Executives (Washington): Appointed Helen…
403(b) Answer Book, Fourth Edition Edited by Donald R. Levy, Barbara N. Seymon-Hirsch, and Janet M. Anderson This book provides detailed information about accounts that are widely used by non-profit groups to help their employees save for retirement. The plans, known as 403(b) under the Internal…
By C. Quinn Hanchette
Contributor
Interest Rates for Planned Gifts
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. December 1997 7.2% January 1998 7.2% February 6.8% March 6.8% April 6.8% May 6.8%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose American Institute of Architects-New York Chapter and the New York Foundation for Architecture Oct. 1998 Feb. 1999 $1,700,000 $1,140,000 To renovate…
Fund-Raising Group Clarifies Ethics Policy on Bonuses
The National Society of Fund Raising Executives has changed the wording in its code of ethics to clarify when it is appropriate for fund raisers to receive performance-based compensation. According to the code, fund raisers may not receive bonuses, finders’ fees, or commissions on revenue that is…
By Marilyn Dickey
Senior Editor, Copy