Fool.com: A Charitable Puzzle [Motley Fool Take] December 2, 2004: "A Charitable Puzzle
By Selena Maranjian (TMF Selena)
December 2, 2004
At knowledgeplex.org recently, I read an article that asked the same question that has often puzzled me: With all the poverty in the world, with billions of people living hand-to-mouth and millions starving and dying, why do so many generous people give so much money to nonprofits such as universities and the opera?"
Thursday, December 02, 2004
First Coast News | Florida State News
First Coast News | Florida State News: "FORT MYERS, FL (AP) -- A long list of retailers and two shopping centers in Lee County have banned having red kettles and bell-ringers, probably costing the Salvation Army around 40-thousand dollars.
Lee County's Salvation Army is facing strict nonsolicitation policies this year.
Three Target stores originally bringing in a combined 25-thousand dollars, and two Publix stores raising nearly 15-thousand dollars had to drop plans to host bell-ringers when shopping centers adopted nonsolicitation policies. "
Lee County's Salvation Army is facing strict nonsolicitation policies this year.
Three Target stores originally bringing in a combined 25-thousand dollars, and two Publix stores raising nearly 15-thousand dollars had to drop plans to host bell-ringers when shopping centers adopted nonsolicitation policies. "
The investment club you can't get into
The investment club you can't get into: "Wealthy families are discovering a new source of financial advice: each other.
One of the hottest corners of the wealth-management business is 'peering' -- where organizations charge wealthy families to meet other wealthy families. The idea is for families -- tired of the hard-sell from wealth-management firms and private banks -- to band together in formal peer groups to swap ideas and advice.
Those who join can get first-hand recommendations on such things as finding hedge funds to hiring private-jet pilots and preparing kids for their inheritance. They can also make investments together and get group discounts from money managers, banks and even travel companies. "
One of the hottest corners of the wealth-management business is 'peering' -- where organizations charge wealthy families to meet other wealthy families. The idea is for families -- tired of the hard-sell from wealth-management firms and private banks -- to band together in formal peer groups to swap ideas and advice.
Those who join can get first-hand recommendations on such things as finding hedge funds to hiring private-jet pilots and preparing kids for their inheritance. They can also make investments together and get group discounts from money managers, banks and even travel companies. "
Salt Lake City Weekly - Dollars to Divide
Salt Lake City Weekly - Dollars to �Divide�: "Sometime over the past few weeks, two curious local agendas crossed paths. Salt Lake City Mayor Rocky Anderson arranged a huge be-in at the downtown Salt Lake City Library, where all and sundry aired their feelings concerning our community�s �religious divide.� Close on its heels, The Salt Lake Tribune revealed that, prior to releasing her sweeping tax reform plan, outgoing Gov. Olene Walker sent three envoys to meet with church leaders. Specifically, she let them know that if her proposed flat state income tax were implemented, well, the lower proposed tax could hurt the traditional deduction for charitable giving. You know, tithing. We can�t really have that, now, can we? "
MSN Money - Forbes: Who are our best corporate citizens?
MSN Money - Forbes: Who are our best corporate citizens?: "It's a debate as old as the corporate institution: Are companies beholden only to their shareholders, or do they have a responsibility to society beyond their bottom line?
In 1970, future Nobel economist Milton Friedman published a now-famous essay asserting that the best corporate citizens were those who maximized their profits within the legal boundaries set by society. If there was good to be done with those profits, shareholders should do it. They could send their dividends to charity.
Friedman's view provokes plenty of dissent in the executive suite.
Many a corporation makes quite a show of serving other 'stakeholders' besides the owners of shares -- employees, communities or environmental causes, for example. In the last of our four-part Beyond the Balance Sheet series, we review one consultant's scorecard on how big corporations act as citizens. KLD Research & Analytics, an investment research firm in Boston, does the ratings to help institutional investors and money managers who want to steer money toward good corporate citizens, on the theory that Friedman is wrong and that such angels can be identified. Banks and insurers
check your credit.
So should you."
In 1970, future Nobel economist Milton Friedman published a now-famous essay asserting that the best corporate citizens were those who maximized their profits within the legal boundaries set by society. If there was good to be done with those profits, shareholders should do it. They could send their dividends to charity.
Friedman's view provokes plenty of dissent in the executive suite.
Many a corporation makes quite a show of serving other 'stakeholders' besides the owners of shares -- employees, communities or environmental causes, for example. In the last of our four-part Beyond the Balance Sheet series, we review one consultant's scorecard on how big corporations act as citizens. KLD Research & Analytics, an investment research firm in Boston, does the ratings to help institutional investors and money managers who want to steer money toward good corporate citizens, on the theory that Friedman is wrong and that such angels can be identified. Banks and insurers
check your credit.
So should you."
NPR : More Stores Quiet Salvation Army's Bells
NPR Story includes Audio.
NPR : More Stores Quiet Salvation Army's Bells: "More Stores Quiet Salvation Army's Bells
Talk of the Nation, December 1, 2004 � A growing list of retail chains and property companies have banned the Salvation Army's collection cauldrons from their stores. There will be no bells at Barnes & Noble, no tinkling at Toys R Us, and no collections at Kohl's.
But it's Target's decision to do away with the tradition that's raised the most public ire. The company says it can no longer make an exception for the Salvation Army in the face of increasing requests from other groups to solicit at their locations."
NPR : More Stores Quiet Salvation Army's Bells: "More Stores Quiet Salvation Army's Bells
Talk of the Nation, December 1, 2004 � A growing list of retail chains and property companies have banned the Salvation Army's collection cauldrons from their stores. There will be no bells at Barnes & Noble, no tinkling at Toys R Us, and no collections at Kohl's.
But it's Target's decision to do away with the tradition that's raised the most public ire. The company says it can no longer make an exception for the Salvation Army in the face of increasing requests from other groups to solicit at their locations."
WRAL.com - News - Grand Jury Hears From State Senator About Money, Nonprofits
WRAL.com - News - Grand Jury Hears From State Senator About Money, Nonprofits: "Grand Jury Hears From State Senator About Money, Nonprofits
Marc Basnight Subpoenaed To Discuss Former Congressman's Foundation
POSTED: 6:10 pm EST December 1, 2004
RALEIGH, N.C. -- A high-ranking member of North Carolina's state Senate appeared before a federal grand jury Wednesday to discuss a former congressman's nonprofit organization."
Marc Basnight Subpoenaed To Discuss Former Congressman's Foundation
POSTED: 6:10 pm EST December 1, 2004
RALEIGH, N.C. -- A high-ranking member of North Carolina's state Senate appeared before a federal grand jury Wednesday to discuss a former congressman's nonprofit organization."
KPHO Phoenix - Phony Philanthropy
KPHO Phoenix - Phony Philanthropy: "Phony Philanthropy
Email to a FriendPrinter Friendly Version
(CBS 5 NEWS) - �Tis the season for giving and many charities take advantage of that warmth to raise money. Tonight, a story you have to see before you answer the call to give. CBS 5's Steve Chamraz spent two months looking into one charity and found serious questions about how it spends your donations.
Our investigation uncovered a charity that's collecting millions and keeping way more then it should.
When we described it to authorities, the government called it one of the most underhanded schemes it had ever seen.
We discovered the phony philanthropist after an investigative producer got a call at home asking for money. The person calling said he was collecting money for burn victims and all he wanted was a $35 donation. All the money he claimed, stays where it's raised, so we tracked down the man who runs the charity in Southern California.
Michael Gamboa, president of the Association for Firefighters and Paramedics, in 2003, according to government documents, raised almost $1.9 million."
Email to a FriendPrinter Friendly Version
(CBS 5 NEWS) - �Tis the season for giving and many charities take advantage of that warmth to raise money. Tonight, a story you have to see before you answer the call to give. CBS 5's Steve Chamraz spent two months looking into one charity and found serious questions about how it spends your donations.
Our investigation uncovered a charity that's collecting millions and keeping way more then it should.
When we described it to authorities, the government called it one of the most underhanded schemes it had ever seen.
We discovered the phony philanthropist after an investigative producer got a call at home asking for money. The person calling said he was collecting money for burn victims and all he wanted was a $35 donation. All the money he claimed, stays where it's raised, so we tracked down the man who runs the charity in Southern California.
Michael Gamboa, president of the Association for Firefighters and Paramedics, in 2003, according to government documents, raised almost $1.9 million."
DMNews.com | News | Article
DMNews.com | News | Article: "Privacy Group Decries 'Loophole' for Prerecorded Messages
A privacy group said a proposal to let prerecorded telemarketing messages be sent to existing customers -- a practice that has been legal for years -- would create a 'loophole' in the national no-call list.
In a Nov. 18 newsletter, the Electronic Privacy Information Center said it would file comments with the Federal Trade Commission against the proposal and encouraged others to do so. The proposal, initiated by the FTC in response to a telemarketer's petition, would clarify a conflict between FTC and Federal Communications Commission "
A privacy group said a proposal to let prerecorded telemarketing messages be sent to existing customers -- a practice that has been legal for years -- would create a 'loophole' in the national no-call list.
In a Nov. 18 newsletter, the Electronic Privacy Information Center said it would file comments with the Federal Trade Commission against the proposal and encouraged others to do so. The proposal, initiated by the FTC in response to a telemarketer's petition, would clarify a conflict between FTC and Federal Communications Commission "
The Selma Times-Journal: Local
TThe Selma Times-Journal: Local: "AG King goes after gaming
By John Gullion
Wednesday, December 1, 2004 11:56 PM CST
White Hall - Alabama State Attorney General Troy King has set his sights on the state's growing gambling industry and that includes the White Hall Gaming Center.
'My office has now completed the most exhaustive review of gambling within the borders of Alabama. The people of Alabama should take heart in knowing that this review has been comprehensive,' King said in a Wednesday press release. 'Where illegal gambling is occurring in our state, steps have either already been taken or are in the process of being taken to enforce the law and stop these activities.'"
By John Gullion
Wednesday, December 1, 2004 11:56 PM CST
White Hall - Alabama State Attorney General Troy King has set his sights on the state's growing gambling industry and that includes the White Hall Gaming Center.
'My office has now completed the most exhaustive review of gambling within the borders of Alabama. The people of Alabama should take heart in knowing that this review has been comprehensive,' King said in a Wednesday press release. 'Where illegal gambling is occurring in our state, steps have either already been taken or are in the process of being taken to enforce the law and stop these activities.'"
Ban on charity bell ringers makes shoppers think twice / Boycotts threatened; Westlake kettle OKd
Ban on charity bell ringers makes shoppers think twice / Boycotts threatened; Westlake kettle OKd: "Ban on charity bell ringers makes shoppers think twice
Boycotts threatened; Westlake kettle OKd
Tanya Schevitz, Chronicle Staff Writer
Thursday, December 2, 2004
The Salvation Army has received an outpouring of support after reports that two major department store chains -- Target and Mervyn's -- had banned the charity's holiday bell ringers from collecting donations in front of their stores, a spokeswoman said Wednesday. "
Boycotts threatened; Westlake kettle OKd
Tanya Schevitz, Chronicle Staff Writer
Thursday, December 2, 2004
The Salvation Army has received an outpouring of support after reports that two major department store chains -- Target and Mervyn's -- had banned the charity's holiday bell ringers from collecting donations in front of their stores, a spokeswoman said Wednesday. "
Charlotte Observer | 12/02/2004 | Unlicensed charity to stop operating
Charlotte Observer | 12/02/2004 | Unlicensed charity to stop operating: "Unlicensed charity to stop operating
Blue donation boxes set up around Charlotte
A Canadian-based charity best known for its ubiquitous blue donation boxes in Charlotte was ordered to stop its operations Wednesday, according to court records.
For Those in Need National Network received a cease-and-desist order filed by officials with the N.C. Department of the Secretary of State"
Blue donation boxes set up around Charlotte
A Canadian-based charity best known for its ubiquitous blue donation boxes in Charlotte was ordered to stop its operations Wednesday, according to court records.
For Those in Need National Network received a cease-and-desist order filed by officials with the N.C. Department of the Secretary of State"
IRS Officials Urge Care for Those Making a Car Donation; New Law Changes Rules at End of the Year
IRS issued consumer alert to help taxpayers avoid potential pitfalls when they donate their automobiles to charities.
IRS Officials Urge Care for Those Making a Car Donation; New Law Changes Rules at End of the Year
IRS Officials Urge Care for Those Making a Car Donation; New Law Changes Rules at End of the Year
BBC NEWS | World | Middle East | US family sues 'Hamas-linked' charities
BBC NEWS | World | Middle East | US family sues 'Hamas-linked' charities: "This week, a piece of the Arab-Israeli conflict is being transferred from the dusty streets of the West Bank to the chilly winds and sleek skyscrapers of downtown Chicago.
The Boim family accuse Chicago charities of links with Hamas
The family of David Boim, an American teenager shot dead by Hamas at a West Bank bus stop in 1996, is suing a group of Chicago-based organisations who they say helped fund Hamas operations.
It will be the first courtroom test of a piece of federal anti-terror legislation passed in the early 1990s, which supporters say helps strike a blow at terror support networks. "
The Boim family accuse Chicago charities of links with Hamas
The family of David Boim, an American teenager shot dead by Hamas at a West Bank bus stop in 1996, is suing a group of Chicago-based organisations who they say helped fund Hamas operations.
It will be the first courtroom test of a piece of federal anti-terror legislation passed in the early 1990s, which supporters say helps strike a blow at terror support networks. "
Kern Valley Sun Youth Foundation Distritubes Grant money to peers
Kern Valley Sun: "Youth foundation distributes grant money to peers
Cathy Perfect-Kern Valley Sun
Kern Valley High School senior Andrew Gilman is getting a hands-on lesson in philanthropy.
As one of about 20 teenagers in Kern County selected for a seat on the Grants Advisory Board for Youth (GABY), Gilman has a voice in the awarding of $7,500 in grant money to local youth-led groups with a project or "
Cathy Perfect-Kern Valley Sun
Kern Valley High School senior Andrew Gilman is getting a hands-on lesson in philanthropy.
As one of about 20 teenagers in Kern County selected for a seat on the Grants Advisory Board for Youth (GABY), Gilman has a voice in the awarding of $7,500 in grant money to local youth-led groups with a project or "
TheOmahaChannel.com - Family - Philanthropy Students Practice What They've Learned
TheOmahaChannel.com - Family - Philanthropy Students Practice What They've Learned: "Philanthropy Students Practice What They've Learned
Child Saving Institute Will Benefit From UNO Class
POSTED: 4:43 pm CST December 1, 2004
UPDATED: 4:55 pm CST December 1, 2004
OMAHA, Neb. -- Omaha's Child Saving Institute was the beneficiary Wednesday of a University of Nebraska-Omaha philanthropy class.
UNO students are learning how to give away money thanks to a new course in philanthropy. The class, the first of its kind at UNO, also teaches how to get others to donate and how to get a donation if you are part of a nonprofit organization."
Child Saving Institute Will Benefit From UNO Class
POSTED: 4:43 pm CST December 1, 2004
UPDATED: 4:55 pm CST December 1, 2004
OMAHA, Neb. -- Omaha's Child Saving Institute was the beneficiary Wednesday of a University of Nebraska-Omaha philanthropy class.
UNO students are learning how to give away money thanks to a new course in philanthropy. The class, the first of its kind at UNO, also teaches how to get others to donate and how to get a donation if you are part of a nonprofit organization."
InfoToday Blog
InfoToday Blog: "InfoToday Blog � Live from London II!
Thursday, December 02, 2004
Blogs Hit a Hot Button "
Thursday, December 02, 2004
Blogs Hit a Hot Button "
US News Article | Reuters.com
US News Article | Reuters.com: "'Blog' Tops U.S. Dictionary's Words of the Year
Tue Nov 30, 2004 02:12 PM ET
By Greg Frost
BOSTON (Reuters) - A four-letter term that came to symbolize the difference between old and new media during this year's presidential campaign tops U.S. dictionary publisher Merriam-Webster's list of the 10 words of the year.
Merriam-Webster Inc. said on Tuesday that blog, defined as 'a Web site that contains an online personal journal with reflections, comments and often hyperlinks,' was one of the most looked-up words on its Internet sites this year. "
Tue Nov 30, 2004 02:12 PM ET
By Greg Frost
BOSTON (Reuters) - A four-letter term that came to symbolize the difference between old and new media during this year's presidential campaign tops U.S. dictionary publisher Merriam-Webster's list of the 10 words of the year.
Merriam-Webster Inc. said on Tuesday that blog, defined as 'a Web site that contains an online personal journal with reflections, comments and often hyperlinks,' was one of the most looked-up words on its Internet sites this year. "
How Habitat for Humanity Grew to be a Near-Billion-Dollar Global Enterprise
: "How Habitat for Humanity Grew to be a Near-Billion-Dollar Global Enterprise
Susan Davis, director of Ashoka's Global Academy for Social Entrepreneurship, traveled to Americus, Georgia, to interview Millard Fuller, the founder of Habitat for Humanity and one of the world's great social entrepreneurs. Fuller speaks candidly about how to build a sustainable citizen base of support, how to scale-up an organization and eventually how to go global. He envisions concrete ways to eliminate poverty housing throughout the world. "
Susan Davis, director of Ashoka's Global Academy for Social Entrepreneurship, traveled to Americus, Georgia, to interview Millard Fuller, the founder of Habitat for Humanity and one of the world's great social entrepreneurs. Fuller speaks candidly about how to build a sustainable citizen base of support, how to scale-up an organization and eventually how to go global. He envisions concrete ways to eliminate poverty housing throughout the world. "
Wednesday, December 01, 2004
Jewish and Israel News from New York - The Jewish Week
Jewish and Israel News from New York - The Jewish Week: "The Charity Aid, Recovery and Empowerment act originally included �charitable choice� provisions, which would make it easier for overtly religious groups to get government money to provide health and social services.
But those provisions were dropped in the face of stiff opposition from congressional Democrats and some religious groups that feared government interference in religious affairs. Instead, the legislation was reduced to a series of tax incentives intended to increase charitable giving. "
But those provisions were dropped in the face of stiff opposition from congressional Democrats and some religious groups that feared government interference in religious affairs. Instead, the legislation was reduced to a series of tax incentives intended to increase charitable giving. "
MyWestTexas.com Faith-based organizations look to each other for funding help
MyWestTexas.com: "Helping those in need is the common mission of many nonprofit organizations in Midland. Unfortunately, programs with the best of intentions still require funding for the services they seek to provide. Faith-based organizations share the same altruistic and charitable intentions but often don't qualify for government funding.
President Bush has urged Congress not to discriminate against faith-based organizations that have the ability to fill the service gap between those in need and federal and state programs"
President Bush has urged Congress not to discriminate against faith-based organizations that have the ability to fill the service gap between those in need and federal and state programs"
Duluth News Tribune | 12/01/2004 | Our View: Some charities may not be as sweet as donors think
Duluth News Tribune 12/01/2004 Our View: Some charities may not be as sweet as donors think: "Our View: Some charities may not be as sweet as donors think
Before holiday giving, check nonprofits for financial and fund-raising practices
In this season of giving, is there a finer act of charity than making a donation to the organizations representing the men and women who serve us, say, for instance, the Northland Fire, Police and Dog Officers Benevolent Society? As many donors believe, such gifts do double duty by helping to make our society safer and qualifying as a tax deduction -- a good deal for everyone, right?
Well, not necessarily. A survey of a broad range of Minnesota nonprofits indicates that money given to many charitable organizations -- even those that genuinely do very good work -- may not be going where you think it does. The listing by the St. Paul-based Charities Review Council (www.crcmn.org) gathers data from organizations from the American Red Cross to the Minnesota Police and Peace Officers Association, reporting how transparently "
Before holiday giving, check nonprofits for financial and fund-raising practices
In this season of giving, is there a finer act of charity than making a donation to the organizations representing the men and women who serve us, say, for instance, the Northland Fire, Police and Dog Officers Benevolent Society? As many donors believe, such gifts do double duty by helping to make our society safer and qualifying as a tax deduction -- a good deal for everyone, right?
Well, not necessarily. A survey of a broad range of Minnesota nonprofits indicates that money given to many charitable organizations -- even those that genuinely do very good work -- may not be going where you think it does. The listing by the St. Paul-based Charities Review Council (www.crcmn.org) gathers data from organizations from the American Red Cross to the Minnesota Police and Peace Officers Association, reporting how transparently "
Fool.com: Year-End Tax Tips [Motley Fool Take] December 1, 2004
Fool.com: Year-End Tax Tips [Motley Fool Take] December 1, 2004: "OUR TAKE
Year-End Tax Tips
The Motley Fool Take
Tax Strategies
By The Motley Fool Staff
December 1, 2004
As 2004 draws to a close, there are some tax considerations you may want to mull over. A little last-minute planning can save you hundreds of dollars -- or more. (And for much more tax guidance than you'll find in this humble article, click over to our Tax Center.)
First off, your donations -- this is the busiest fund-raising season for many charities, after all. Approach your giving with tax efficiency in mind. Contribute appreciated stock, not cash, to your favorite charities. If you've held the shares for more than a year, you'll avoid paying tax on the appreciation, and you'll still be able to deduct the full value of the stock. Call your favorite nonprofit, and the folks there will probably be able to help you with this. (And if you're looking for some new favorite nonprofits"
Year-End Tax Tips
The Motley Fool Take
Tax Strategies
By The Motley Fool Staff
December 1, 2004
As 2004 draws to a close, there are some tax considerations you may want to mull over. A little last-minute planning can save you hundreds of dollars -- or more. (And for much more tax guidance than you'll find in this humble article, click over to our Tax Center.)
First off, your donations -- this is the busiest fund-raising season for many charities, after all. Approach your giving with tax efficiency in mind. Contribute appreciated stock, not cash, to your favorite charities. If you've held the shares for more than a year, you'll avoid paying tax on the appreciation, and you'll still be able to deduct the full value of the stock. Call your favorite nonprofit, and the folks there will probably be able to help you with this. (And if you're looking for some new favorite nonprofits"
Waukon Standard
Waukon Standard: "Allamakee County will be one of the 85-90 counties in the state to begin receiving one-half of one percent of Iowa's gambling revenues beginning in the fall (most likely October) of 2005. Decisions on how the $60,000 plus dollars will be spent each year will be the task of a new governing board that has recently been formed.
If managed well, the $60,000 will grow substantially over the years. Twenty-five percent of the funds ($15,000) will go into an endowment fund which will exist in perpetuity. Ninety-five percent of that investment return will stay in the endowment fund to help continue to grow additional revenues. The other five percent of the annual investment return will be added to the $45,000 per year (75% of the $60,000) that will go to charitable groups within the county."
If managed well, the $60,000 will grow substantially over the years. Twenty-five percent of the funds ($15,000) will go into an endowment fund which will exist in perpetuity. Ninety-five percent of that investment return will stay in the endowment fund to help continue to grow additional revenues. The other five percent of the annual investment return will be added to the $45,000 per year (75% of the $60,000) that will go to charitable groups within the county."
BostonHerald.com - Local/ Regional News: Where�s all of Molly�s money? Bish dad can�t believe Masons only have $15G for kids� charity
BostonHerald.com - Local/ Regional News: Where's all of Molly's money? Bish dad can't believe Masons only have $15G for kids' charity: "Where's all of Molly's money? Bish dad can't believe Masons only have $15G for kids' charity
By John Strahinich
Wednesday, December 1, 2004
The secretive Massachusetts Grand Lodge of Masons is in turmoil over internal allegations that money raised in the name of slain teen Molly Bish has been misappropriated, the Herald has learned.
A Milton dentist who directed a Mason-sponsored child identification program first raised questions about its funding about six weeks ago, sources said. "
By John Strahinich
Wednesday, December 1, 2004
The secretive Massachusetts Grand Lodge of Masons is in turmoil over internal allegations that money raised in the name of slain teen Molly Bish has been misappropriated, the Herald has learned.
A Milton dentist who directed a Mason-sponsored child identification program first raised questions about its funding about six weeks ago, sources said. "
Charitable Giving Benefit Added to the American Express Estate Series Variable Universal Life Products
Charitable Giving Benefit Added to the American Express Estate Series Variable Universal Life Products: "Charitable Giving Benefit Added to the American Express Estate Series Variable Universal Life Products
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 2004--
New benefit provides clients the opportunity to address both personal protection and philanthropic goals with one product
American Express Financial Advisors, a unit of American Express Company (NYSE:AXP) has introduced the Charitable Giving Benefit, a new feature of the American Express(R) Estate Series variable universal life insurance product lines issued by IDS Life Insurance Company and IDS Life Insurance of New York, Albany, N.Y.
The Charitable Giving Benefit allows policyholders, upon death of the insured, to give the equivalent 1% of the policy's death benefit, up to a maximum of $100,000, to an accredited charitable organization of their choice at no added cost and without decreasing the amount of the insurance death benefit paid out to beneficiaries.
For example, the beneficiaries of a $1 million Variable Universal Life IV- Estate Series policy, would receive the full $1 million (assuming no loans, withdrawals or decreases in face amount) at the time of the policy holder's death, and an additional $10,000 would be donated in the client's name to any 501(c)(3) charitable organization "
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 2004--
New benefit provides clients the opportunity to address both personal protection and philanthropic goals with one product
American Express Financial Advisors, a unit of American Express Company (NYSE:AXP) has introduced the Charitable Giving Benefit, a new feature of the American Express(R) Estate Series variable universal life insurance product lines issued by IDS Life Insurance Company and IDS Life Insurance of New York, Albany, N.Y.
The Charitable Giving Benefit allows policyholders, upon death of the insured, to give the equivalent 1% of the policy's death benefit, up to a maximum of $100,000, to an accredited charitable organization of their choice at no added cost and without decreasing the amount of the insurance death benefit paid out to beneficiaries.
For example, the beneficiaries of a $1 million Variable Universal Life IV- Estate Series policy, would receive the full $1 million (assuming no loans, withdrawals or decreases in face amount) at the time of the policy holder's death, and an additional $10,000 would be donated in the client's name to any 501(c)(3) charitable organization "
newsobserver.com | Business
newsobserver.com Business: "Charities depend on giving
More competition for donations can lead to creative fund-raising
By AMY MARTINEZ AND KARIN RIVES, Staff Writers
Just as this is make-or-break time for retailers, so, too, is it the most important time of the year for charities, which raise up to $7 of every $10 in the last two months of the year.
After all, charities are counting on you being in a more giving mood as you go about shopping for holiday presents. And, of course, they know that you may be thinking about next year's tax return: If you haven't made a tax-deductible donation for 2004, you have fewer than five weeks."
More competition for donations can lead to creative fund-raising
By AMY MARTINEZ AND KARIN RIVES, Staff Writers
Just as this is make-or-break time for retailers, so, too, is it the most important time of the year for charities, which raise up to $7 of every $10 in the last two months of the year.
After all, charities are counting on you being in a more giving mood as you go about shopping for holiday presents. And, of course, they know that you may be thinking about next year's tax return: If you haven't made a tax-deductible donation for 2004, you have fewer than five weeks."
Metro (washingtonpost.com)
Metro (washingtonpost.com): "Grant-Giving Down From Past Years
Foundations in the Washington area gave out grants totaling $934 million last year, a slight decline from 2002, according to an annual report on foundation and corporate giving to be released today. Two-thirds of private foundations decreased giving in 2003, the survey found.
About 1,500 foundations are based in the Washington area, according to the survey, by the Washington Regional Association of Grantmakers"
Foundations in the Washington area gave out grants totaling $934 million last year, a slight decline from 2002, according to an annual report on foundation and corporate giving to be released today. Two-thirds of private foundations decreased giving in 2003, the survey found.
About 1,500 foundations are based in the Washington area, according to the survey, by the Washington Regional Association of Grantmakers"
Bono No-no
Fast Company Now:
snip snip
"Of course, he didn't, and there began a saga that isn't so interesting to recount in detail here, except to say this: Three weeks later, something good that should have happened easily and quickly, never did. It may be that the intersection of the entertainment world and the not-for-profit world, in the form of celebrity driven philanthropy, manages to bring out the worst of both--the arrogance that comes with celebrity, and the ineptitude we too often associate (accurately) with the service sector. Whatever. Opportunity missed."
snip snip
"Of course, he didn't, and there began a saga that isn't so interesting to recount in detail here, except to say this: Three weeks later, something good that should have happened easily and quickly, never did. It may be that the intersection of the entertainment world and the not-for-profit world, in the form of celebrity driven philanthropy, manages to bring out the worst of both--the arrogance that comes with celebrity, and the ineptitude we too often associate (accurately) with the service sector. Whatever. Opportunity missed."
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