The following nonprofit organizations each filed at least one federal tax return between 1998 and 2001 on which they listed having made loans totaling at least $10,000 to officers, directors, or what the Internal Revenue Service defines as “key employees” -- those having responsibilities or powers…
By Harvey Lipman
Contributor
The following nonprofit organizations each filed at least one federal tax return between 1998 and 2001 on which they listed having made loans totaling at least $10,000 to officers, directors, or what the Internal Revenue Service defines as “key employees” -- those having responsibilities or powers…
By Harvey Lipman
Contributor
Following are summaries of recent reports by the BBB Wise Giving Alliance. This private group reports on whether charities meet standards for fund raising, governance, financial management, and public information. The alliance does not approve or disapprove of charities, and urges potential donors…
The IRS has proposed revising the tax rates assessed on money a donor receives from a charitable remainder trust. Through such trusts, a donor contributes assets and then receives regular payouts from a charity. The payouts are taxed based on a donor’s income and the type of asset put into the…
By Elizabeth Schwinn
Contributor
‘Foreign Affairs’: Overseas Aid
A country’s aid to other nations should be measured not simply in government dollars, but also by the charitable giving of individuals, foundations, and corporations, writes Carol C. Adelman, a senior fellow at the Hudson Institute and former senior official at the Agency for International…
‘U.S. News’: Guide to Charitable Giving
The signs that the economy is recovering are likely to mean that more charities will step up their solicitations this holiday season, Eugene Tempel, executive director of Indiana University’s Center on Philanthropy, predicts in a U.S. News & World Report guide to year-end giving (December 8.) “An…
‘Business Week’: Ranking Donors
Instead of leaving the bulk of their millions to the next generation, today’s philanthropists are dispersing their fortunes during their lifetimes, according to a BusinessWeek cover story (December 1). As part of a 14-page special report, called “The Top Givers,” BusinessWeek ranks the 50…
Former Lawyer Pursues a Lifelong Desire to Help People Through Art
When I was growing up in Baltimore County, I always took a lot of art courses, but when I went to college in Virginia, I majored in European history. Then, when I returned home after college in 1984, I went straight to law school at the University of Baltimore. I practiced construction litigation…
The following awards have been presented for work in advocacy, fund raising, nonprofit leadership, philanthropy, and other areas. Community development. The Open Society Institute (New York) has announced its 2003 fellows. Each fellow will receive $48,750 over 18 months to carry out projects to…
Grants for Programs for Children and Youths
Funding Sources for Children and Youth Programs 2003lists more than 1,400 grant programs run by foundations, government agencies, and companies. Each program description includes requirements, restrictions, application deadlines, typical grant amounts, sample awards, and contact information. The…
By Jessica Kronstadt
Contributor
Profiles of Grant-Making Associations
Case Studies of Grantmaker Associations Around the World, edited by Jayne Millar Wood, profiles 10 associations that represent foundations, including the European Foundation Centre, in Brussels; several of the 28 regional associations of grant makers in the United States; and the East Africa…
By Jessica Kronstadt
Contributor
Aurora Health Care (Milwaukee): Appointed Nancy J. Kaufman, a vice president at the Robert Wood Johnson Foundation (Princeton, N.J.), to be vice president of philanthropy. Carnegie Hall (New York): Appointed Hollis Headrick, executive director of the Center for Arts Education (New York), to be…
Congress Hears From IRS on Credit-Repair Groups
The IRS is moving to stop nonprofit credit-counseling organizations from abusing their tax-exempt status, IRS Commissioner Mark Everson said at a recent congressional hearing. The IRS is increasing its scrutiny of applications for tax-exempt status submitted by credit-counseling organizations, and…
By Elizabeth Schwinn
Contributor
IRS Announces 2004 Rates for Charitable Deductions
The Internal Revenue Service has made inflation adjustments for 2004 to the rules that govern some charitable deductions. Many of the adjustments apply to the federal law that governs how much of a payment to a charity can be claimed as a charitable deduction when the donor receives some item in…
By Elizabeth Schwinn
Contributor
Congress Approves Increase in National-Service Budget
Congress has agreed to give the AmeriCorps national-service program $444-million for the 2004 fiscal year, $170-million more than last year. The move was a sharp contrast to decisions Congress made earlier in the year, when lawmakers refused to provide additional funds for the program amid reports…
By Elizabeth Schwinn
Contributor
One in Five Charity Boards Changed Policies in Past Year
A federal law intended to improve corporate governance and accountability has had relatively little impact on nonprofit organizations, according to a new survey. Just one in five of the more than 300 nonprofit officials surveyed said their organizations had made any changes as a result of the…
By Stephen G. Greene
Contributor