TV Industry Plans a Big Week for Volunteers
For seven straight days starting on October 19, volunteers will be the toast of Hollywood. Images of people doing good will fill America’s television screens, appearing on morning shows, soap operas, hospital dramas, cop dramas, situation comedies, reality shows, late-night talk shows, and local…
By SUZANNE PERRY
Contributor
Grants Made to Support Emergency Needs: a Sampling
ANNENBERG FOUNDATION For its efforts to provide donated produce to food banks throughout California: $35,000 to Ag Against Hunger (Salinas, Calif.) DEACONESS COMMUNITY FOUNDATION To provide shelter, food, and support to newly homeless families: $41,000 to the Interfaith Hospitality Network (Shaker…
Status of Finances of Donor-Advised Funds In 2009
STATUS OF FINANCES OF DONOR-ADVISED FUNDS IN 2009 *: A SAMPLING Assets Amount distributed to charities Number of funds Amount contributed to funds Date of 2009 estimates Fidelity Charitable Gift Fund (Boston)* 1 $3,786,971,269 $1,007,962,301 50,735 $959,832,811 06/30/2009 Schwab Charitable Fund…
New and Closed Donor-Advised Fund Accounts In 2008
NEW AND CLOSED DONOR-ADVISED FUND ACCOUNTS IN 2008 Total number of funds Funds closed Funds created Fidelity Charitable Gift Fund (Boston) 48,604 696 6,747 Schwab Charitable Fund (San Francisco) 10,841 194 2,386 National Christian Foundation (Atlanta) 6,754 100 1,161 Vanguard Charitable Endowment…
Administrative Fees at Donor-Advised Funds: A Sampling
ADMINISTRATIVE FEES AT DONOR-ADVISED FUNDS: A SAMPLING Administrative fees 2008 Assets American Society for Technion-Israel Institute of Technology (New York) Fees are 1% of assets’ market value, or 10 to 25% of earnings. $2,500,946 AMG Charitable Gift Foundation (Englewood, Colo.) Fees are 1% of…
After Controversy, Charity-Evaluation Group Rethinks Its Own Operations
On a single December day two years ago, the nonprofit group GiveWell scored television and newspaper attention that would be the envy of most charity leaders. Articles about the organization appeared in The New York Times and The Wall Street Journal, and its founders were interviewed on CNBC about…
By Caroline Preston
Contributor
Service Helps Health Donors Identify Research to Support
FasterCures — a project of the Milken Institute, in Santa Monica, Calif., that seeks to accelerate the discovery of new treatments for debilitating diseases — has created a new service to help donors interested in medical research figure out the best way to spend their money. The Philanthropy…
By NICOLE WALLACE
Features Editor
Giving From Community Foundation Funds Strong in 2009, Early Findings Suggest
Is grant making at community foundations holding up better than grant making at commercial funds? Results from a small subset of organizations that manage donor-advised funds suggest that it might be. Four of the 10 organizations that provided full data for their 2009 fiscal year to The Chronicle…
By Ben Gose
Senior Editor
New Rules on Donor-Advised Funds Unlikely, For Now
The financial crisis has wreaked havoc with the assets of donor-advised funds, but it has probably put off one challenge for organizations that run them: Congress seems unlikely to impose new regulations that would affect people who create donor-advised funds. Officials who oversee the funds fear…
By Ben Gose
Senior Editor
How The Chronicle’s Survey Was Compiled
The Chronicle’s 10th annual survey of donor-advised funds is based on information collected from 95 gift funds, community foundations, and other nonprofit groups in the United States. Donor-advised funds are accounts to which people donate cash, stock, or other assets, claim a tax deduction, and…
By Noelle Barton
Contributor
Animal-Welfare Groups Appeal Decision in Court Case Over Helmsley Bequest
Three of the country’s largest animal-welfare organizations last week mounted a court challenge to the distribution of money from a foundation established through Leona M. Helmsley’s bequest. The three groups are appealing a February court ruling that said the trustees of the Leona M. and Harry B.…
By Maria Di Mento
Senior Editor
Atlantic Philanthropies Stakes $25-Million on Health-Care Lobbying Group
In the scramble to carve out a role in the health-care debate, Atlantic Philanthropies has stepped forward with perhaps the most aggressive bet among nonprofit players. Since last year, it has awarded $25-million to push President Obama and members of Congress to support a health plan that covers…
By Ian Wilhelm
Contributor
Coalition of groups band together in battle to overhaul health care As members of Congress fan out across the country during their August recess, nonprofit groups that have been fighting to overhaul the country’s health-care system are stepping up efforts to get their cause over the finish line.…
By SUZANNE PERRY
Contributor
Percentage of Assets Donor-Advised Funds Distributed
PERCENTAGE OF ASSETS DONOR-ADVISED FUNDS DISTRIBUTED 2004 2005 2006 2007 2008 AMG Charitable Gift Foundation (Englewood, Colo.) 10.9% 9.0% 6.9% 9.7% 15.6% The Associated: Jewish Community Federation of Baltimore 16.3% 16.0% 14.0% 13.2% 13.9% Ayco Charitable Foundation (Albany, N.Y.) 23.5% 30.9%…
Grants Made to Support Emergency Needs: a Sampling
APPLIED MATERIALS FOUNDATION For its efforts to provide housing, food, education, and employment assistance to needy people: $100,000 to Caritas of Austin (Tex.). ARTHUR M. BLANK FAMILY FOUNDATION To provide financial assistance to families in crisis: $25,000 to Jewish Family and Career Services…
Most Nonprofit Groups Change Asset Allocations
Seventy-one percent of American nonprofit organizations in a new survey say they are changing how they allocate their invested assets, in the wake of staggering losses brought on by the recession and market volatility, according to SEI’s Institutional Group, an investment manager with headquarters…
By HEATHER JOSLYN
Contributor