Friday, April 15, 2005

Study of Board Governance Practices in the Canadian Nonprofit Sector :: PNNOnline :: the nonprofit news and information resource

Study of Board Governance Practices in the Canadian Nonprofit Sector :: PNNOnline :: the nonprofit news and information resource: "Study of Board Governance Practices in the Canadian Nonprofit Sector
Posted by: tatyana on Friday, April 15, 2005

Strategic Leverage Partners Inc. and the Centre for Voluntary Sector Research and Development, a joint initiative of Carleton University and the University of Ottawa have developed a web-based survey that will form the base of a National Study of Board Governance Practices in the Canadian Nonprofit and Voluntary Sector.


This survey is being funded and supported by Bridgeway Foundation, the Canadian Educational Standards Institute, The Muttart Foundation, Volunteer Canada, the Institute of Corporate Directors, and the Ontario Hospital Association. "

FT.com / Your money / Your tax - The appeals broaden to the text generation

FT.com / Your money / Your tax - The appeals broaden to the text generationThe appeals broaden to the text generation
By Sarah Ross
Published: April 15 2005 16:29 Last updated: April 15 2005 16:29

The 46,000 runners in Sundays’s London Marathon will not only perform a challenging physical feat but will also raise an estimated £40m for charity.

It is a significant amount, and one that reflects the British public’s generosity. Last year, individuals gave £7.1bn to charity, while the most recent Red Nose Day raised a record £37m sumand £340m was donated to the victims of the south-east Asian tsunami.

But it’s not just what you give, but how you give which makes a real difference to the amount your chosen charity actually receives. Certain methods of giving to charity subtract far greater amounts from the original donation than others.

Donors to Capital Radio’s Help a London Child appeal at the beginning of this month gave £140,000 to help deprived children. Some £60,000 of this was pledged via text message from donors’ mobile phones, but the charity itself only received two-thirds of this.

SocietyGuardian.co.uk | Society | Off diary: Viewers to vote on lottery cash

SocietyGuardian.co.uk | Society | Off diary: Viewers to vote on lottery cash: "Viewers to vote on lottery cash

TV show aims to get public more involved in choice of good causes

Alison Benjamin
Wednesday April 13, 2005
The Guardian

A TV show that allows the public to choose which charities receive millions of pounds of lottery cash is the latest move to popularise the national lottery.
ITV is in discussions with the lottery distributor, the Big Lottery Fund (BLF), to launch a programme coinciding with the station's 50th anniversary celebrations in September. The programme, with the working title The People's Millions, is expected to give viewers the chance to vote for the charity most deserving of support, with sums as high as �50m on offer."

McKinney Courier-Gazette Online-CASA raffles tiny houses

McKinney Courier-Gazette Online: "CASA raffles tiny houses
By KRYSTAL DE LOS SANTOS McKinney Courier-Gazette


Court Appointed Special Advocates of Collin County is currently showcasing the Verizon Parade of Playhouses at the Collin Creek Mall in Plano.

Area home builders have sponsored and built 12 elaborate playhouses, which will be displayed at the mall until April 28. Meanwhile, CASA volunteers sell raffle tickets for a chance to win one of the tiny homes. All proceeds benefit CASA's program budget."

Colleges set to retain charity status - The Herald

Colleges set to retain charity status - The Herald: "NEW universities and colleges across Scotland could be given greater independence from government under proposals to allow them to keep their charitable status.
Ministers are considering greater autonomy for the sector after The Herald highlighted concerns that changes to charity law could lead to institutions losing up to �15m a year in tax breaks."

Study: Belmont excels in nonprofit sector

TownOnline.com - Belmont Citizen-Herald - Local News: "Study: Belmont excels in nonprofit sector
By Jennifer Mann and Linda Pinkow
Thursday, April 14, 2005

A recent study has shown that Belmont has one of the highest concentrations of nonprofit workers in the state.

And Massachusetts is fourth in the country - behind only Washington, D.C., Vermont and North Dakota - according to the report by the Massachusetts Institute for a New Commonwealth.

The report concluded the nonprofit sector is now a driving force in the state's economy and a growing employer of the middle-class.

'Nonprofits have long been a critical source of civic leadership across the commonwealth,' said Ian Bowles, president and CEO of MassINC. 'With this report, we can now see that the sector is essential to the economic vitality of the state as well.'"

Thursday, April 14, 2005

Boston.com / News / Local / High stakes question

Boston.com / News / Local / High stakes question: "High stakes question
Charity poker payouts exceed legal limits -- or do they?
By Steven Rosenberg, Globe Staff | April 14, 2005
Seeking to hop onto the Texas Hold 'Em craze that has swept the nation, the Malden Pop Warner Football Association held its first poker tournament in February and raised more than $5,000. Hoping to build on that success, the group planned a second poker event in Malden for April 30, and advertised up to $10,000 in prize money for the top finishers.
ADVERTISEMENT

But that tournament might not happen, according to Malden Licensing Board chairman James Conway, who said the payouts are illegal under a state law that forbids prizes higher than $25 at municipal-licensed raffles and bazaars."

Newsday.com: Report: 'Philanthropic Corridor' Emerging

Newsday.com: Report: 'Philanthropic Corridor' Emerging: "Report: 'Philanthropic Corridor' Emerging
By DAVID HAMMER
Associated Press Writer

April 14, 2005, 4:48 AM EDT

LITTLE ROCK, Ark. -- The growing presence of nonprofit groups in Arkansas and the drawing power of Bill Clinton's presidential library are signs that a 'philanthropic corridor' is emerging in a region that suffers from one of the nation's highest concentrations of poverty, according to a new report.

The Jackson, Miss.-based Foundation for the Mid South recently released a report by a 32-member commission that investigated how the three-state region of Arkansas, Louisiana and Mississippi can combat poverty. "

Lilly Endowment watches assets shrink

Lilly Endowment watches assets shrink: "Lilly Endowment watches assets shrink


By John Strauss
john.strauss@indystar.com
April 13, 2005


The Lilly Endowment, the state's largest charitable foundation that contributed $285 million to Indiana projects last year, saw its asset value shrink 20 percent in 2004 as the price of its Eli Lilly and Co. stock sagged.
Total grants paid by the foundation also dropped for the third year in a row, down 7.5 percent from the year before, according to the endowment's 2004 annual report, released Wednesday.
With 99.9 percent of its assets in Lilly stock, the value of the endowment's assets rise and fall in lockstep with the company's trading on the New York Stock Exchange. Assets last year totaled nearly $8.6 billion, down from a peak of $15.8 billion in 1998."

Wednesday, April 13, 2005

Ladies of the Lane Launch New Charity

Ladies of the Lane Launch New Charity: "The ladies of Wysteria Lane left the kids, the hunks and the neighborhood to launch a new charity, 'Clothes Off Our Covers.'
One of the items to be auctioned is the Versace dress Teri Hatcher wore on her cover shoot for InStyle magazine, which hits newsstands in May. But it was a spill-all article in the current 'Vanity Fair,' claiming the ladies are more hysteria than Wysteria, that dominated talk on the red carpet.
Hatcher told Associated Press Television News that she doesn't court bad publicity. 'I don't really think about it, because I know who I am,' she said at Tuesday night's event. 'And I'm a good person, and that is what it is, and if somebody wants to say something else they can, but I look at myself in the mirror every morning and I'm all right.'"

Giving and getting at St. Labre School: Northern Cheyenne sue for share of mission school's wealth - billingsgazette.com

Giving and getting at St. Labre School: Northern Cheyenne sue for share of mission school's wealth - billingsgazette.com: "Giving and getting at St. Labre School: Northern Cheyenne sue for share of mission school's wealth
By MIKE STARK
Of The Gazette Staff
ASHLAND - The mailroom buzzes at a frenetic pace at St. Labre Indian School.
Barely out of earshot of the hundreds of kids at recess, the warehouse-size room is alive with the precision sounds of mail being sorted, stuffed, bagged and boxed.
Last year, more than 17 million pieces of mail went out to potential donors who might be willing to write a check to the 121-year-old St. Labre school and mission. "

Nonprofit boards face millions of openings; recruiting tough (HamptonRoads.com/Pilot Online)

Nonprofit boards face millions of openings; recruiting tough (HamptonRoads.com/Pilot Online)
By BENITA D. NEWTON, The Virginian-Pilot
© April 13, 2005



As donors and regulators become increasingly focused on fiscal and organizational accountability, many nonprofits are shaking up the makeup and function of their boards of directors.

For some, producing a flourishing board means pulling a few weeds and sprinkling fertilizer. Others have uprooted the entire landscape to give their organizations a fresh start.

The Hampton Roads American Cancer Society, for instance, dissolved its board last year in favor of a corporate leadership council, said Chairman Channing Pfeiffer. The new roster is a who’s who of local executives – decision-makers who have extensive business backgrounds and community influence.

Inside Higher Ed :: Lost Faith

Inside Higher Ed :: Lost Faith
Lost Faith
Two leading trustees of Davidson College have quit their positions to protest the board’s decision to allow non-Christians to serve on it. One of the trustees — John Belk — is Davidson’s most generous donor.

Belk and the other trustee, Stephen Smith, were not available for comment Tuesday. The Charlotte Observer (free registration required) disclosed their resignations, which were confirmed by Davidson officials.

The Observer quoted Belk as saying that he did not object to non-Christians teaching or enrolling at the college, but that he thought the board should remain entirely Christian. “I think Davidson ought to be a Christian school,” Belk said. “I think that is one reason why Davidson is special, a little different from anyone else,” he said.

Davidson announced the change in its policies in February, following a lengthy study of the issue. Faculty, student and alumni leaders all backed the change, with many saying that it was wrong for the college to recruit students of all faiths (and no faith) while limiting who could serve on the board. The change caused relatively little controversy on campus. But there has been strong alumni opposition throughout the debate. The college was founded as a Presbyterian institution.

Too many people don�t understand the laws governing nonprofits | TheNewsTribune.com | Tacoma, WA

Too many people don�t understand the laws governing nonprofits TheNewsTribune.com Tacoma, WA: "
THE NEWS TRIBUNE
Last updated: April 13th, 2005 02:35 AM

Some phone calls last week provide examples of what doesn't work for non­profits.
The first calls were from people who wanted to raise money for a relative with cancer. This is a sad and challenging situation, but the desire to help is wonderful. The problem came with their belief that they should be able to raise the money tax-free. We should just be a nonprofit� was their belief.
Certainly, raising money for this reason is an act of charity. In this case, however, it won't work for tax purposes because a specific person will benefit directly. "

Japanese least charitable with estate bequests: Survey

The Peninsula On-line: Qatar's leading English Daily: "Japanese least charitable with estate bequests: Survey
Web posted at: 4/13/2005 11:54:1
Source ::: AFP
LONDON: People in Japan are the least likely to give away their fortune to charity upon death, while more than a third of Singaporeans would happily make such a donation, research by insurance giant AXA revealed yesterday.
Only one percent of Japanese surveyed said they would bequeath their estates to charity, according to AXA.
The tight-fisted in Japan were tailed by the Italians, where only two percent said they would also make such a donation"

The Jakarta Post - New group aims to boost role of philanthropists

Exciting Story from Jakarta Post about the launching of AFP Indonesia Chapter.
The Jakarta Post - New group aims to boost role of philanthropists: "New group aims to boost role of philanthropists
Hera Diani, The Jakarta Post, Jakarta
In a bid to professionalize the fund-raising and philanthropy sectors, the Indonesian chapter of the Association of Fund-raising Professionals (AFP) was launched on Tuesday.
The president of AFP Indonesia, Elan Merdy, also the chief operating officer of the Sampoerna Foundation, said that the establishment of the organization here was aimed at encouraging professionalism and transparency. "

Alliance Magazine Interview - Getting global giving going - Manuel Arango

Alliance Magazine Interview - Getting global giving going - Manuel Arango: "Fifteen years ago, Mexican businessman Manuel Arango founded the Mexican Center for Philanthropy (CEMEFI) � now a large, thriving organization with 400 members. What inspired him to set up a civil society support organization, Caroline Hartnell asked him. And does he think his example has encouraged other wealthy people in Mexico to follow suit? Although he downplays the importance of personal example, Manuel Arango feels that Mexico is reaching the point where people accept that supporting the non-profit sector should be part of any citizen�s life.
As an individual donor, it was an unusual decision to found a support organization like CEMEFI rather than something much more service delivery oriented? How did you come to do this?
I

Alliance Magazine Interview - Getting global giving going � an overview

Alliance Magazine Interview - Getting global giving going � an overview: "Articles from December 2004
Promoting global giving � an overview[1]
Adele Simmons and Dan Nielsen
Global philanthropy, or global social investing, is expanding rapidly, a byproduct of the world�s increasingly mobile workforce, the explosion of wealth in the 1990s, and improvements in telecommunications. This new group of investors is not found solely in the upper class of industrialized nations. In Brazil, India, the Philippines and Mexico, for example, individuals are increasingly contributing to social causes within their own countries. According to a recent study by the Aga Khan Foundation, giving by Pakistanis is four times the amount of foreign aid that Pakistan receives.[2]"

Tuesday, April 12, 2005

RBI sets cap for donations by UCBs at 1% of previous profit

RBI sets cap for donations by UCBs at 1% of previous profit: "MUMBAI, APRIL 11: The Reserve Bank of India on Monday said that normal donations made during a year by an urban co-operative bank (UCB) should, in aggregate, be restricted to a maximum of 1% of the published profits of the bank for the previous year. This ceiling on donations/ contributions for public/ charitable purposes has been imposed by the RBI as it has come across instances of large donations being made by UCBs, which adversely affects the interest of depositors"

BBC NEWS | UK | Northern Ireland | Sisters in marathon charity bid

BBC NEWS | UK | Northern Ireland | Sisters in marathon charity bid: "Sisters in marathon charity bid

Sisters set up a website for people to sponsor their marathon feat
Nine sisters are hoping to raise thousands of pounds for charity while jogging into the record books.
The siblings are set to run the London marathon and establish a world record as the largest group of sisters to run the 26.5 mile trek on 17 April.
The McWilliams sisters - aged 21-35 - are from Limavady in County Londonderry but now live all over the world. "

Corporate giving continues to rise

Corporate giving continues to rise: "Corporate giving continues to rise
Posted: 04.11.2005
Kala Waddell
Over the past year, N.C. State has collected private gifts from corporations totaling $73.6 million, which has increased the University to third in the nation.
This puts NCSU ahead of UNC Chapel Hill, Stanford and Harvard. NCSU ranked eighth on behalf of corporate gifts last year.
'This is an excellent opportunity for students here at State to take advantage of. We have access to better computers, more scholarships and better classrooms,' Gabriela Rangel, a freshman in communication, said.
While this high rank for corporate gifts looks appealing for the University, Ed Hand, director of the Office of Corporate and Foundation Relations, said he believes that these gifts are strictly for the enhancement of student education. "

Scotsman.com News - Latest News - Britons 'Among Least Generous with Charity Bequests'

Scotsman.com News - Latest News - Britons 'Among Least Generous with Charity Bequests': "Britons 'Among Least Generous with Charity Bequests'

By Rachael Crofts, PA


Britons are among the least generous in the world when it comes to leaving part of their estates to charity, a report claims today.
Research from AXA reveals that only around 8% of Britons in work and 9% of retired people would like to leave part of their estates to good causes."

Good clean fund? Not if charities, politics mix

Good clean fund? Not if charities, politics mix: "
Good clean fund? Not if charities, politics mix
April 12, 2005
Advertisement



When investigators from the Better Government Association began to look under the veneer of the 17th Ward Democratic Organization, probing questionable political contributions from Chicago Housing Authority contractors, they uncovered something they hadn't expected to find. What they learned, alarmingly, was that nonprofit groups, churches and other tax-exempt organizations in Illinois were breaking federal law."

Monday, April 11, 2005

Reform Still Urgent Despite Modest Rate Proposal: Postal Watchers

Reform Still Urgent Despite Modest Rate Proposal: Postal Watchers: "Reform Still Urgent Despite Modest Rate Proposal: Postal Watchers

By Larry Riggs

Apr 9, 2005 5:51 PM
Mailer groups welcomed the relatively small proposed postage increase recommended by the U.S. Postal Service but are girding for higher rates in as little as two years if Congress doesn't enact postal reform legislation this year.



The USPS filed a rate case with the Postal Rate Commission today seeking an expedited decision to raise rates and fees 5.4% for almost all categories. "

New Nonprofit Associations Will Strengthen Communities :: PNNOnline :: the nonprofit news and information resource

New Nonprofit Associations Will Strengthen Communities :: PNNOnline :: the nonprofit news and information resource: "New Nonprofit Associations Will Strengthen Communities
Posted by: laurakujawski on Monday, April 11, 2005


Topic Special Features


In an effort to strengthen nonprofits and communities, the National Council of Nonprofit Associations (NCNA) is establishing new nonprofit associations in fifteen states.


These state associations will be formed to advocate for and strengthen nonprofits. The project is funded by a $200,000 grant from the W.K. Kellogg Foundation of Battle Creek, Michigan. "

Chicago Tribune | Senator wants to end personal gain 'at the needy's expense'

Chicago Tribune | Senator wants to end personal gain 'at the needy's expense': "Senator wants to end personal gain 'at the needy's expense'

BY CHARLES STORCH
Tribune staff reporter
Published April 11, 2005


A recent survey of U.S. foundations found that nearly 57 percent of respondents felt that public calls for greater accountability by philanthropies were justified. According to the Foundation Center, 17 percent thought otherwise, and 26 percent had no opinion.

U.S. Sen. Charles Grassley (R-Iowa) certainly had an opinion after Tuesday's Senate Finance Committee hearing on charitable giving abuses."

The New York Times > Arts > Art & Design > New York Public Library to Sell Major Artworks to Raise Funds

The New York Times > Arts > Art & Design > New York Public Library to Sell Major Artworks to Raise Funds: " New York Public Library to Sell Major Artworks to Raise Funds
By CAROL VOGEL

Published: April 11, 2005


he New York Public Library has decided to sell 19 works of art from its collection - including 'Kindred Spirits,' a widely admired landscape by the Hudson River School painter Asher B. Durand, and two seminal portraits of George Washington by Gilbert Stuart - so that it can better compete in acquisitions of important books and collections. "

Charity Village� NewsWeek: Cover Story-An HR Council for the Charitable Sector: Measuring interest, identifying issues, and recommending next steps

Charity Village� NewsWeek: Cover Story: "An HR Council for the Charitable Sector: Measuring interest, identifying issues, and recommending next steps
April 11, 2005
By Louise Chatterton Luchuk

There are currently about two million Canadians employed by the nonprofit and voluntary sector. While there is strength in numbers, maintaining a strong workforce requires attention over the long term. It requires strategies and sustainable ways for organizations - especially Canada's many small organizations - to focus on their human resources needs and to work together to meet them. The United Way of Canada-Centraide Canada and Community Foundations of Canada (CFC) have plans to make this happen, starting with research into the feasibility of an HR council for the voluntary/nonprofit sector.

The collaboration between the two lead organizations goes back to 2002 - the beginning of the Developing Human Resources in the Voluntary Sector project, which was funded through the Voluntary Sector Initiative (VSI). The HRVS web site provides web-based information and tools to help small and medium-sized organizations manage and develop human resources 'The whole HRVS web site project was taken on with the idea that it would be more meaningful if it was sustainable,' explains Bonnie Shiell, project manager "

onPhilanthropy - "Nonprofit Organization Seeks New Board Member"

onPhilanthropy - "Nonprofit Organization Seeks New Board Member": "Nonprofit Organization Seeks New Board Member'
By: Sarah Ruegger, 04/08/05
It is estimated that more than 1.8 million nonprofit board seats become available in the United States each year. Oftentimes, the executives and board members worry that the open seat will be filled by a candidate without the level of skills, leadership and dedication their organization requires. It is for this reason that boardnetUSA (www.boardnetusa.org) was developed. This innovative online matchmaker allows nonprofits searching for board candidates and individuals interested in joining a nonprofit board the opportunity to connect with each other in an original way.

�BoardnetUSA is a�national database existing to serve companies, minorities, civic associations and communities. [The] site is designed to be a common technological platform...to enhance nonprofit board "

BBC NEWS | UK | Wales | Charity runners urged over funds

BBC NEWS | UK | Wales | Charity runners urged over funds: "Charity runners urged over funds

Race for Life runners have raised �70m for Cancer Research
Organisers of a series of charity fun runs have urged participants to collect sponsorship, after 40% of runners failed to return any money last year.
Cancer Research is currently recruiting women to take part in Race for Life events around the UK.
In 2004, thousands of runners had to be turned away because capacity was full, but only 60% of runners actually sent in money afterwards"

The Chronicle, 4/14/2005: Loss of Trust

The Chronicle, 4/14/2005: Loss of Trust: "Loss of Trust
Donors, foundations say banks mishandle charitable accounts
By Brad Wolverton
Many charities and foundations believe they are losing millions of dollars a year to the very institutions they pay to safeguard their assets. At least seven class-action lawsuits are pending in federal and state courts across the country in which charitable trusts, foundations, and scores of individuals accuse the banks that oversee their assets of a range of improper activities, including mismanagement of funds and conflicts over what charities can benefit from a trust."

TimesDispatch.com | Speaker: Terror not chief threat

TimesDispatch.com Speaker: Terror not chief threat:
snip snip>
"Arias served as president of Costa Rica from 1986 to 1990, and has been the recipient of many awards, including the Martin Luther King Jr. Peace Award and the Nobel Peace Prize in 1987.
He used funds from the Nobel to establish the Arias Foundation for Peace and Human Progress. The foundation allowed the creation in Costa Rica of the Center for Human Progress to promote equal opportunities for women in all sectors for Central American society, the Center for Organized Participation to foster change-oriented philanthropy in Latin America and the Center for Peace and Reconciliation to work for demilitarization and conflict resulting in the developing world."

Cellphone charity bosses charged with fraud

Cellphone charity bosses charged with fraud: "Cellphone charity bosses charged with fraud
Well-meaning Oklahomans who thought they were donating used cell phones to help battered women were duped by the owners of Oklahoma City-based Save a Life Give a Phone Foundation, Inc., Attorney General Drew Edmondson has alleged.
Domingo Frias-Payan, 24, and Heather Frias-Payan, 25, were charged last week in Oklahoma County District Court with one felony count of racketeering and 11 counts of violating the Oklahoma Solicitation of Charitable Contributions Act. Domingo Frias-Payan was also charged with one count of violating the Oklahoma Securities Act and one count of offering forged or false instruments for record. The state also filed a separate civil action asking the court for a temporary injunction prohibiting the company from conducting business while the state seeks legal remedies to permanently shut down the allegedly fraudulent business."

baltimoresun.com - Nonprofits reap generous perks

baltimoresun.com - Nonprofits reap generous perks: "Nonprofits reap generous perks
Children in private group homes may be shortchanged in care, but the owners can profit handsomely.
By John B O'Donell and Jonathan D. Rockoff
Sun Staff
Originally published April 11, 2005
Second of four parts

At home, Joseph K. Skariah has driven a $41,280 Acura SUV. On vacation, he has taken cruises in the Caribbean. He has often feasted on shrimp and salmon, made to order extra spicy, at his favorite restaurants.











All of it has been expensed to the state-funded group homes he runs in Baltimore County."

Los Angeles Business Journal Online-Corporations Make Donations Without Whole Explanation

Los Angeles Business Journal Online: "Corporations Make Donations Without Whole Explanation

By KATE BERRY and DAVID NUSBAUM

Los Angeles Business Journal Staff

At a time when regulators have forced companies to come clean with investors on many fronts, at least one area has largely escaped scrutiny � donations to charities.
Public companies get billions of dollars in tax breaks for charitable contributions, but the Securities and Exchange Commission does not require that the donations be disclosed to shareholders. And filings to the Internal Revenue Service are confidential."

NWAnews.com :: Northwest Arkansas' News Source

NWAnews.com :: Gold medalist Retton speaks to Women�s Giving Circle
BY KATE WARD Northwest Arkansas Times
Posted on Sunday, April 10, 2005

Retired Olympic gymnast Mary Lou Retton urged people to seize every opportunity"

Marin Independent Journal - Marin-Marin foundation exec pay detailed

Marin Independent Journal - Marin
Marin foundation exec pay detailed

By Richard Halstead, IJ reporter

Nineteen administrators at the Marin Community Foundation earned salaries of more than $100,000 last fiscal year.
The administrators, whose salaries ranged from $103,940 to $364,734, earned a combined $3.15 million — not including benefit packages.

Top foundation salaries were highlighted after an order by the judge that oversees the foundation. Santa Clara Superior Court Judge Jack Komar ordered that any salary over $100,000 be broken out of the foundation’s voluminous semi-annual reports to the court.

Yahoo! News - An Easier Way To Give Charitable Gifts

Yahoo! News - An Easier Way To Give Charitable Gifts: "An Easier Way To Give Charitable Gifts

Fri Apr 8, 7:00 PM ET

Paul Katzeff
As the economy expands, philanthropy is on the rebound. And donor-advised funds are one of the most popular vehicles for spreading wealth.

That's because they are an easy way for people to achieve their charitable goals, says Andrew Hastings, vice president of the National Philanthropic Trust.
They're also an easy and fast way for people to get a tax deduction. "

Times Leader | 04/10/2005 | Experts cringe at firms giving millions to charities tied to directors

Times Leader | 04/10/2005 | Experts cringe at firms giving millions to charities tied to directors: "Experts cringe at firms giving millions to charities tied to directors

The worry is that the heads of corporations on charity boards lose their independent thinking.

By Andrew Countryman Chicago Tribune


CHICAGO � The nation�s largest corporate foundations in recent years have poured money into organizations affiliated with their companies� board members, which governance experts said can compromise director independence."

Times Record News: Local News-A charitable reason to party

Times Record News: Local News: "A charitable reason to party
Orphanages to benefit from event, auction
By Brent D. Wistrom/Times Record News
April 10, 2005
Claudia Ruiz knows of an orphanage in San Salvador, El Salvador, that needs money to feed children, build more rooms and keep the lights on. Andrea Powers knows there are children in Medellin, Colombia, who depend on philanthropy to keep their orphanage running. Martha and Sara Picado know of high school students in Nicaragua who want a college education but can't afford it. "