Bank Manager Among Recent ‘Points of Light’
Following are the people and organizations that have most recently been named to receive President Bush’s Daily Points of Light Award. The Points of Light Foundation, a Washington charity, assists the president in making the choices and carrying out the award program. More information about the…
$20-Million Given to Hospitality School at University of Central Florida; Other Gifts
Five organizations have received large gifts: The University of Central Florida’s School of Hospitality Management, in Orlando, has received $20-million from Harris Rosen, a university trustee and founder of Rosen Hotels & Resorts, in Orlando. Mr. Rosen provided $18-million to construct a new…
Congress Considers Easing Rules on Foundation Stock Holdings
Washington In a move that has received little attention, Congress is considering whether to require some foundations to distribute as much as 12 percent of their assets annually. In exchange for giving considerably more than the 5 percent that foundations are now required to award, the foundations…
By GRANT WILLIAMS
Contributor
Nonprofit groups fear consultants’ article will cause problems with lawmakers and donorsAn article in this month’s Harvard Business Review asserting that charities nationwide could reap more than $100-billion a year by eliminating inefficiencies and making other changes has prompted concerns about…
By Michael Anft
Contributor
Pressing Foundations to Give More
Controversial proposal could produce millions for charityA controversial legislative proposal to increase charitable contributions from foundations could have ALSO SEE: Congress Considers Easing Rules on Foundation Stock Holdings What the 25 Wealthiest Private Foundations Spent in 2001 generated…
By Ian Wilhelm
Contributor
Photograph by Diana WalkerHomeless families face myriad challenges that can reach far beyond the need to secure permanent housing. In Northern Virginia, the Adopt-A-Family program helps families find jobs, child care, and other kinds of support needed for long-term stability and success. Part of…
National Service Fraternity Is Among Recent ‘Points of Light’
Following are the people and organizations that have most recently been named to receive President Bush’s Daily Points of Light Award. The Points of Light Foundation, a Washington charity, assists the president in making the choices and carrying out the award program. More information about the…
$50-Million Bequeathed to Cornell
$50-Million Bequeathed to Cornell Two higher-education institutions received large bequests and pledges: The Weill Medical College of Cornell U., in New York, has received a $50-million unrestricted bequest from an anonymous donor. The gift will be used to match donations to the college’s capital…
Proposed Legislation Worries Many Who Attended Meeting of Grant Makers
Dallas Clouds of anxiety hung over the Council on Foundations’ 54th annual conference here last month, as ALSO SEE:Pushing Grant Makers grant makers -- already reeling from steep investment losses -- worried about the possibility of new federal legislation that would force them to give more money…
By Brad Wolverton
Contributor
Donor-Advised Funds Experience Drop in Contributions, Survey Finds
Contributions to many of the largest donor-advised funds fell last year, with Fidelity Investments’ Charitable ALSO SEE:Donor-Advised Funds: Assets, Awards, and Accounts at a Sampling of Big Providers Gift Fund -- the first and largest commercial fund -- for the first time distributing more money…
By Brad Wolverton
Contributor
Two members of Congress want to force foundations to give more to charities annuallyWashington In what could be the most significant federal legislative proposal affecting foundations in decades, a bipartisan pair ALSO SEE:Proposed Legislation Worries Many Who Attended Meeting of Grant Makers of…
By Ian Wilhelm
Contributor
Photograph by Ed KreigerAs a child, Ed Waterstreet did not enjoy seeing the play A Christmas Carol with his family. Deaf since age 2 because of pneumonia, and unable to follow the story line, he felt isolated during the show. Mr. Waterstreet, now 60, resolved to one day to make theater a more…
Volunteers in Cambodia Among ‘Points of Light’
Following are the people and organizations that have most recently been named to receive President Bush’s Daily Points of Light Award. The Points of Light Foundation, a Washington charity, assists the president in making the choices and carrying out the award program. More information about the…
Microsoft Co-Founder to Establish Science-Fiction Museum; Other Gifts
Two organizations have received large pledges: Paul G. Allen, co-founder of Microsoft and president of Vulcan, an investment company in Seattle, has pledged to help construct and operate a new museum in Seattle. Tentatively called the Science Fiction Experience, the museum is expected to cost at…