Big foundations and universities turn to non-traditional investments When the stock market plunged in August, the John S. and James L. Knight Foundation had a cushion to break the fall. One-fifth of the foundation’s $1.2-billion endowment was invested in “hedge funds.” The funds -- which place bets…
By Thomas J. Billitteri
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…
Abilities of Florida (Clearwater): Appointed Thomas C. McKone, job developer, to be coordinator of the new Enclaves Program, a welfare-to-work program for disabled people. American Association of Homes and Services for the Aging (Washington): Appointed Alan G. Rosenbloom, chief operating officer…
Education Funding in Europe, Volume Two: A Pilot Study on Innovating Education and Learning -- The Role of Foundations and Corporate Funders
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. November 1997 7.4% December 7.2% January 1998 7.2% February 6.8% March 6.8% April…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Blair Academy (N.J.) Sept. 1993 June 1998 $25,000,000 $27,200,000 For capital needs, faculty support, and scholarships College of New Rochelle (N.Y.)…
Yahoo Helps Charities Auction Goods On Line
Charities that want to raise money through an Internet auction -- but don’t want to deal with the technology issues involved in pulling off such an event -- can take advantage of a new service offered by the popular on-line search tool Yahoo. ALSO SEE:Sold, to the Man at the Mouse Last month Yahoo…
By Marilyn Dickey
Senior Editor, Copy
Despite glitches, on-line auctions are reaping rewards for charities When the Family Assistance Program, a charity that serves needy people in the Los Angeles metropolitan area, held an auction of items donated by cast members of the television show Seinfeld, the charity netted $60,000 and won bids…
By Marilyn Dickey
Senior Editor, Copy