Virginia School Gets $15-Million; Other Gifts
A private school and two universities have received big gifts. * The Steward School, a pre-kindergarten-through-12th-grade day school in Richmond, Va., has received $15-million from anonymous donors. The number of benefactors remains a mystery to school officials, as the gift was made through a…
George Soros plans to donate up to $500-million to support a range of programs intended to promote a more open society Last week’s announcement by George Soros that he plans to spend $300-million to $500-million on philanthropic ventures in Russia during the next three years shows he has not lost…
By Stephen G. Greene
Contributor
Because Aaron Nesmith knows firsthand how difficult it is to grow up without a father, he decided to become a father figure himself -- to a young man who also needed someone to look up to. The Rochester, N.Y., resident joined Compeer, an international charity that matches adult volunteers with…
Following are summaries of recent reports by the Council of Better Business Bureaus’ Philanthropic Advisory Service. The service reports on whether charities meet standards for fund raising, governance, financial management, and public information. The service cautions that it does not approve or…
American Associates--Ben-Gurion U. of the Negev (New York): Appointed Deborah Spector Victor, a non-profit consultant in Atlanta, to be director of the new Atlanta regional office, which will serve Alabama, Georgia, Mississippi, South Carolina, and Tennessee. American Committee for the Weizmann…
The Advancement President and the Academy: Profiles in Institutional Leadership Edited by Mary Kay Murphy In this book, current and former heads of educational institutions -- all of whom have backgrounds in fund raising and public affairs -- explain how the lessons they learned raising money…
By C. Quinn Hanchette
Contributor
How the Philanthropy 400 Was Compiled
The Philanthropy 400 is compiled from financial data found on charities’ informational tax returns -- Internal Revenue Service Form 990 -- their audited financial statements, annual reports, and responses to a Chronicle questionnaire. Charities are ranked by how much they raised from private…
Robust economy proves to be a boon for most, but rise in demand squeezes human-services groups The Salvation Army last year raised more than $1-billion -- far outpacing any other charity in America, according to the Philanthropy 400, The Chronicle’s annual ranking of organizations that receive the…
By Marilyn Dickey, Holly Hall, Dan Morris and Susan Gray
Write-Offs: IRS Budget Rises 10%; New Rule Covers Excessive Pay
* Congress has given the I.R.S. a 10-per-cent increase in its budget, raising its appropriation from $7-billion for the 1997 fiscal year to nearly $7.8-billion for 1998. But observers say that the I.R.S. is not likely to pass along the full 10-per-cent increase to its financially strapped charity…
By Vince Stehle and GRANT WILLIAMS