Eisner Fund Receives Big Block of Stock
Michael Eisner, the Walt Disney Company’s chief executive, and his wife, Jane, have given one million shares of Disney stock to their recently created foundation. The contribution, worth more than $89-million as of last week, increases the Eisner Foundation’s endowment to about $100-million. The…
Tracking Big-Business Donations
Corporate giving is on the rise but percentage of profits donated is headed in the opposite direction Soaring profits at many of the nation’s biggest companies caused them to increase charitable donations by an average of 31 per cent last year, according to a new survey by the Conference Board.…
By Susan Gray
Contributor
Kids with troubled pasts are given a chance to turn their lives around at 17 year-round wilderness camps run by Eckerd Family Youth Alternatives, a Florida charity. Some of the youths are referred to the camps by their parents or by school counselors because of gang involvement, drug and alcohol…
Charities Get Ready for the Boom
Groups try new ways to raise money and attract volunteers from a skeptical generation As baby boomers enter their 50s and the period of their lives that non-profit leaders have long regarded as the “giving years,” many charity leaders are eagerly awaiting a golden era in philanthropy. There is much…
Bill Would Encourage Gifts From Retirement Funds
New legislation introduced in Congress would provide an incentive to donors who want to give funds to charity from their individual retirement accounts. Under federal law, Americans may withdraw funds without penalty from I.R.A.'s when they reach age 591/2. But people are subject to income tax on…
By Grant Williams
Contributor
Following are summaries of recent reports by the National Charities Information Bureau. That private organization reports on whether charities meet standards for fund raising, governance, financial management, and public information. The organization does not approve or disapprove of charities, and…
American Farmland Trust (Washington): Appointed Kevin Schmidt, a research assistant at the Eastern Shore Land Conservancy (Queenstown, Md.), to be field representative in its new Ohio office, based in Columbus. American Red Cross (Washington): Appointed Jacqueline D’Alessio, senior science analyst…
Famine Crimes: Politics By Alex de Waal Africans must forge their own solutions to starvation in their countries, writes Mr. de Waal. He faults international-relief efforts for impeding local solutions and for working with authoritarian regimes that ignore famine or that use it to their advantage.…
By C. Quinn Hanchette
Contributor
Kentucky Blue Cross Is Sued Over Assets
Kentucky’s Attorney General has sued Anthem Blue Cross and Blue Shield to recover what he says are millions of dollars in charitable assets that were lost when it converted to a for-profit company in 1993. Attorney General A. B. Chandler III said that at least $230-million accumulated by the…