Regulations Unveiled for ‘Chutzpah’ Trusts
By ELIZABETH SCHWINNIn a second set of rules on charitable remainder trusts, the I.R.S. spelled out its prohibition against so-called chutzpah or “full Monty” trusts, named for the technique’s brazenness for sheltering capital gains from taxes. The trusts were marketed mainly by for-profit…
By Elizabeth Schwinn
Contributor
IRS Issues Final Rules On ‘Vulture’ Trusts
By ELIZABETH SCHWINNThe Internal Revenue Service has issued final rules aimed at closing down a type of charitable lead trust in which gravely ill people are exploited to help wealthy ones save on taxes. The revenue service relaxed some of the restrictions it had suggested when it first proposed…
By Elizabeth Schwinn
Contributor
‘Washington Monthly’: the New Rich
The newly rich technology entrepreneurs who have sought to experiment with philanthropy come in for a harsh attack in The Washington Monthly (January-February). “Despite its clever co-optation of rhetoric befitting a Sally Struthers infomercial, the dot-com set’s spotty philanthropic track record…
‘Fast Company’: the Markle Fund
By NICOLE LEWISThe John and Mary R. Markle Foundation is “crossing some once-sacred lines in the foundation world” by planning to distribute half of its $200-million endowment in the next several years and considering grants to for-profit companies, says the magazine Fast Company (February). Those…
By Nicole Lewis
Contributor
‘Public Interest’: Nonprofit Salaries
By HARVY LIPMANThe journal The Public Interest (Winter 2001) examines the question of whether top executives at nonprofit organizations are paid too much and discusses how their salaries could be regulated. Peter Frumkin, assistant professor of public policy at Harvard University’s John F. Kennedy…
By Harvy Lipman
Contributor
Leadership Development in Higher Education
Leadership Reconsidered: Engaging Higher Education in Social Change discusses the importance of leadership-development education at the university level in order to prepare students for life after college and to help them find solutions to pressing social problems. Written by a dozen scholars and…
By Gwen A. Williamson
Contributor
Guide to American Artists’ Colonies
Artists Communities: A Directory of Residences in the United States that Offer Time and Space for Creativity, Second Edition, edited by Tricia Snell, profiles more than 80 artists’ colonies in the United States, programs that, the editor explains, “free artists from their everyday obligations and…
By Gwen A. Williamson
Contributor
Story of McKnight Foundation Leader
Master of Creative Philanthropy: The Story of Russell V. Ewald
By Gwen A. Williamson
Contributor
Steps to Building and Managing a Public School Foundation
Creating Foundations for American Schools
By Gwen A. Williamson
Contributor
Bits: The Community Collaborative Fund; Additions to TechSoup
By NICOLE WALLACE Verizon Communications has contributed the first $2.5-million of the $25-million it plans to give to the Community Collaborative Fund. The fund will award grants to California programs that bring information technology to the poor, as well as to members of minority groups and the…
By NICOLE WALLACE
Features Editor
Domestic-Violence Victims Aided by Cell-Phone Drive
By NICOLE WALLACEThe wireless-telephone industry is deploying its products in the fight against domestic violence -- and asking the public to pitch in, too. Since 1996, the Call to Protect program has put 21,000 mobile phones in the hands of victims of domestic violence. The program is sponsored by…
By NICOLE WALLACE
Features Editor
Federal Technology Program Increases Grants to Charities
By NICOLE WALLACEThe U.S. Department of Commerce’s Technology Opportunities Program will award approximately $42.5-million in grants this year, up from $12.5-million in 2000. Started in 1994, the program awards matching grants to nonprofit organizations and state and local governments to integrate…
By NICOLE WALLACE
Features Editor
Telecommunications Merger Leads to New Foundation
By NICOLE WALLACEThe day after America Online and Time Warner completed their merger, the new company announced that the AOL and Time Warner Foundations would be merging as well. The new AOL Time Warner Foundation will be based in New York and Dulles, Va. The fund will focus its giving in the areas…
By NICOLE WALLACE
Features Editor
Foundation Pay in 2000 Rose 5%, New Study Finds
By DEBRA E. BLUMMedian salaries at U.S. foundations rose by 5 percent last year, matching increases ALSO SEE:Salaries and Benefits at Foundations posted each year since 1992, according to a new report by the Council on Foundations. Chief executive officers at all types of foundations -- community,…
By Debra E. Blum
Contributor
Failed Baptist Fund of Arizona Assails Accounting Company
By DEBRA E. BLUMThe failed Baptist Foundation of Arizona has accused the accounting company Arthur Andersen of helping to cover up a fraudulent scheme that cost foundation investors hundreds of millions of dollars. The latest claims are in an amendment to a lawsuit filed last summer in state court…
By Debra E. Blum
Contributor
Recommendations for President Bush: Two Views From Nonprofit Leaders
Capital Research Center, a Washington think tank, has compiled ALSO SEE:Philanthropy, Congress, and the New Administration: the Key IssuesOutlook For Philanthropy: Issues in the 107th CongressSeveral Bush Nominees Have Nonprofit Experience Mandate for Charity, a list of suggestions for the Bush…