IRS Rules on Hospital Partnerships
Ruling threatens joint ventures by charities and companies When Columbia/HCA Healthcare Corporation and the Sisters of Charity of St. Augustine Health System, an Ohio chain of Catholic hospitals, decided to join forces in 1996, both sides touted the arrangement as a model for charities that needed…
By Jennifer Moore
Contributor
Postal Service to Set New Limits on Charity Membership Appeals
The Postal Service has proposed new guidelines to clarify what type of materials charities can include in membership appeals and still have those mailings be eligible for non-profit rates. The proposal is an effort to clarify how far charities can go in describing “member benefits” such as affinity…
By Holly Hall
Contributor
Charities Fear New Code Will Deter Big Gifts
A revision in the National Society of Fund Raising Executives’ ethics code may cause some charities to miss out unfairly on big gifts, some fund raisers fear. The change was designed to clarify the society’s longstanding policy against paying or accepting finder’s fees to financial advisers and…
By Debra E. Blum
Contributor
Kathleen Kelly challenges myths about fund raising in her new tome -- and hopes to transform the way the profession is taught In a Thursday afternoon class at the University of Southwestern Louisiana, Professor Kathleen S. Kelly is decrying what she sees as the evils of paid solicitors who pocket…
By Holly Hall
Contributor
Excerpts From New Accounting Rules on Fund Raising
Following are excerpts of new rules that the American Institute of Certified Public Accountants issued this month to explain how charities can decide what expenses should be alloted to fund raising and what should be counted as other kinds of costs. The institute encouraged organizations to start…
Pfizer Fund Will Focus On Health
The Pfizer Foundation in New York is narrowing the scope of its grant making. In the past, the foundation has supported a host of causes and groups, from art museums to colleges. Now, under new guidelines, it will focus almost exclusively on aiding health charities that serve the poor. Foundation…
$66.7-Million Raised by Princess’s Fund
The memorial fund created to benefit the causes that Princess Diana championed during her life has announced how it plans to award 13 million pounds, or about $21.7-million, in its first round of grants. And all indications are that there will be much more to give away. Donations to the Diana,…
Alumna Investor Gives $25-Million to U. of South Carolina; Other Gifts
Five universities have received big gifts: * The University of South Carolina at Columbia has received $25-million from Darla D. Moore, a 1975 alumna and president of the Dallas-based investment firm Rainwater Inc., to endow its business school. The Darla Moore School of Business, as it will be…
Charities’ Income From Sponsorships Up 10%
Charitable causes last year received $535-million through joint marketing ventures with companies -- 10 per cent more than in 1996, according to a new report. Early projections for 1998 show that charities can expect to receive $9-million more from such deals than in 1997. IEG, a Chicago consulting…
By Susan Gray
Contributor
13 ‘Points of Light’ Recognized by White House
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…