Summary of HIV/AIDS Grant Making
Report on HIV/AIDS Grantmaking by U.S. Philanthropysummarizes AIDS-related financing by foundations, charities, and companies in 2001 and 2002. According to the report, in 2001 grant makers in the United States committed more than $500-million. In 2002, they pledged approximately $291-million, but…
By Jessica Kronstadt
Contributor
Foundations & Public Policymaking: Leveraging Philanthropic Dollars, Knowledge, and Networks, by James M. Ferris, discusses the benefits, costs, and risks to grant makers in trying to influence public policy. Mr. Ferris, director of the Center on Philanthropy and Public Policy at the University of…
By Jessica Kronstadt
Contributor
Staying In Touch With Former Clients
Finding Out What Happens to Former Clients, by Ritu Nayyar-Stone and Harry P. Hatry, urges social-service organizations to survey their clients months or even a year after the clients have used the groups’ services. Ms. Nayyar-Stone, a research associate at the Urban Institute, in Washington, and…
By Jessica Kronstadt
Contributor
IRS Releases Data on Nonprofit Finances
By Elizabeth Schwinn The number of charities that filed Form 990 and Form 990-EZ informational tax returns with the government rose from 211,615 in 1999 to 230,159 in 2000, an increase of 8.8 percent, according to the Internal Revenue Service. That figure was more than double the growth in…
Treasury Seeks to Lower Donated-Car Deductions
By Elizabeth Schwinn Saying that some donors who give automobiles to charity are taking deductions from their income taxes for far more than the true value of their gifts, the U.S. Department of the Treasury has asked Congress to impose new restrictions on such gifts. The proposal would reduce…
National-Service Effort Receives $441-Million
Washington President Bush has signed into law a massive spending bill for the 2004 fiscal year that includes $441-million for the AmeriCorps national-service program -- a 62-percent increase in support, the largest in AmeriCorps’s 11-year history. The measure covers spending in the fiscal year that…
By Ian Wilhelm
Contributor
President Bush Asks for New Law to Help Religious Charities
Washington In his State of the Union address, President Bush asked Congress to pass legislation that he said would end discrimination by the federal government against religious charities that seek and obtain federal money. “Religious charities of every creed are doing some of the most vital work…
By GRANT WILLIAMS
Contributor
Harvard offers novel investment option to donorsHarvard University has broken the mold for investing charitable-gift assets.The university is using a novel ruling it received from the Internal Revenue Service in October to allow donors to invest their contributions along with the institution’s…
By Debra E. Blum
Contributor
One Utah Lawyer Helped Create 8 Groups That Lent Money to Donors or Officers
As The Chronicle analyzed the records of supporting organizations that lent substantial sums of money to their officers or directors, one name appeared repeatedly: Richard H. Bradley, a Salt Lake City lawyer.
By Harvy Lipman
Contributor
Reporting Loans: What the IRS Says
Nonprofits that are required to fill a Form 990 tax return must report loans made to officers and directors, including the borrower’s name, the amount of the loan, the interest rate, repayment terms, and other details.
How The Chronicle Tallied Loans Made by Charities
In a search of IRS Form 990s, The Chronicle found 2,278 nonprofits that listed at least $10,000 in loans to directors, officers, or other key employees.
Donors Set Up Grant-Making Groups, Then Borrow Back Their Gifts
The owners of a successful truck-stop business contributed $1.4 million to their foundation and took the tax deduction for the contribution — then borrowed more than half of that money to pay off loans and make investments.
By Harvy Lipman
Contributor
How a Loan Deal Backfired on One Nonprofit Leader
An executive director has a message for nonprofit groups thinking about making a loan to one of their officials: Don’t.
By Harvy Lipman
Contributor
Loans by Charities: Related Tables
See a list of groups that have provided interest-free loans, states where loans to officials are banned or limited, and more.
Charities Bestow No-Interest Loans on Their Well-Paid Executives
In an analysis of Form 990 informational tax returns filed by 10,700 nonprofit groups from 1998 through 2001, The Chronicle found that at least 140 groups had interest-free loans outstanding to officers or directors.
By Harvy Lipman
Contributor
Federal law bars foundations — but not charities — from making loans to their officers and directors. The practice is prevalent enough that two influential voices in the charity world reacted sharply to The Chronicle’s findings.
By Harvy Lipman
Contributor