Today in Investor's Business Daily stock analysis and business news

Today in Investor's Business Daily stock analysis and business news: "We do know some things, however. We know, for example, that high-income individuals, those who probably have lost the most in the stock-market meltdown and stand to lose even more if Washington increases taxes on 'the rich,' are the very people who typically give the most to charity.

The Generous Rich

A 2006 Bank of America survey found that high-net-worth individuals with incomes exceeding $200,000 per year or assets in excess of $1 million are responsible for nearly two-thirds of all charitable giving."

Princeton and Robertson Family Settle Titanic Donor-Intent Lawsuit - Chronicle.com

Princeton and Robertson Family Settle Titanic Donor-Intent Lawsuit - Chronicle.com: "Princeton and Robertson Family Settle Titanic Donor-Intent Lawsuit

Princeton University and the heirs of a major donor to the institution have settled their bitter dispute over an endowment that supports the university’s Woodrow Wilson School of Public and International Affairs."

The Next Wave of Philanthropy and Wealth Management | Planned Giving Design Center

The Next Wave of Philanthropy and Wealth Management | Planned Giving Design Center: "The retirement of the Baby Boomers is shifting their priorities from accumulation to spending and charitable giving. But many wealth managers remain stubbornly focused on helping clients retain their wealth. In this article, Burlingame, California based wealth manager Sean Stannard-Stockton discusses how the trend of “Giving while living,” is placing the philanthropic advisory role squarely onto the shoulders of wealth managers who may or may not be up to the task."

Princeton University - Understanding the Robertson v. Princeton settlement

Princeton University - Understanding the Robertson v. Princeton settlement: "Presented here is a brief glossary of terms and case history to aid in understanding the Dec. 9, 2008, settlement agreement for the lawsuit that the Robertson family filed against Princeton University in 2002."

Church Chat: ADRA President says charitable giving stable despite tough economy

Church Chat: ADRA President says charitable giving stable despite tough economy: "With United States unemployment rates rocketing toward 7 percent and more than half a million jobs lost in November alone, charitable giving to organizations such as the Adventist Development and Relief Agency (ADRA) could plummet this holiday season."

Colonial Country Club Charities gives $250,000 to 81 charity groups | Fort Worth | Star-Telegram.com

Colonial Country Club Charities gives $250,000 to 81 charity groups | Fort Worth | Star-Telegram.com: "The golf club handed out a quarter-million dollars over breakfast Tuesday morning to 81 charities that work with young people, closing out a year in which the Colonial Country Club Charities raised $6.6 million.

That total represents a 57 percent increase over last year’s $4.2 million and a 140 percent increase over 2006, pushing the club and its Crowne Plaza Invitational into the top five PGA Tour events in charity giving."

reportonbusiness.com: SPIRIT OF PHILANTHROPY IS THRIVING

reportonbusiness.com: SPIRIT OF PHILANTHROPY IS THRIVING: "he survey of 93 of Canada's largest companies found that 97 per cent made financial donations to charities and non-profit groups, with a median value of $340,000. Half of the donor companies exceeded the standard of giving

1 per cent of pre-tax profits, as recommended by Imagine's 'Caring Company' program."

National slowdown in giving not the case locally | TimesDaily.com | The Times Daily | Florence, AL

National slowdown in giving not the case locally | TimesDaily.com | The Times Daily | Florence, AL: "The explanation as to why charitable contributions remain high in northwest Alabama may have to do with the difference in human motivation in the southern region of the country, said Alex Takeuchi, an associate professor of sociology at the University of North Alabama.

He said in the current economy, the mind-set of people to help others is slightly different than when the economy is good."

Bill Clinton Discloses Donors Behind Global Initiative Meeting in Asia | 44 | washingtonpost.com

Bill Clinton Discloses Donors Behind Global Initiative Meeting in Asia | 44 | washingtonpost.com: "Bill Clinton Discloses Donors Behind Global Initiative Meeting in Asia

By Philip Rucker
Former president Bill Clinton, who agreed to make his charitable activities more transparent in an accord with President-elect Barack Obama that paved the way for his wife to become Obama's secretary of state, today disclosed the sponsors of last week's Clinton Global Initiative meeting in Hong Kong."

ABC's for Exempt Organizations

ABC's for Exempt Organizations: "ABC's for Exempt Organizations


IRS Exempt Organizations offers the following resources to help the manager of a new exempt organization navigate tax issues. These materials are not comprehensive; for further assistance, consult a tax adviser."

Nonprofits can survive the storm if they plan properly - The Advocate

Nonprofits can survive the storm if they plan properly - The Advocate: "Nonprofits can survive the storm if they plan properly
By Dannel Malloy
and Len Miller
Posted: 12/09/2008 12:19:40 PM EST

We are in the midst of an economic crisis that will last for some time. This economic slowdown will more than likely have a serious negative impact on the nonprofit sector that will be worse than the impact following the 9/11 tragedy. Not long after 9/11, we called together some members of the community, and McKinsey & Co. prepared a report and made recommendations to the nonprofit community. In addition, the Collaborative Alliance was formed to help and encourage nonprofit organizations to work more closely together."

Calling the next generation of philanthropists -

Calling the next generation of philanthropists -: "Millennials, whom businesses are looking to attract as their next generation of human capital, also are the next source of philanthropy. Not-for-profits will need to know how to work with the needs and personalities and expectations of that new generation of givers.

'Our younger donors want transparency,' said roundtable leader and panelist Kathy Crosby, CEO of Goodwill of Greater Grand Rapids."

Farmer leaves $2 million to church - Wonderful World- msnbc.com

Farmer leaves $2 million to church - Wonderful World- msnbc.com: "BLAIRSVILLE, Pa. - It's like a gift from God.

A tiny church in western Pennsylvania inherited more than $2 million from a farmer who lived in a mobile home."

Trying to Spread the Giving Spirit - Philanthropy.com

Trying to Spread the Giving Spirit - Philanthropy.com: "Holiday fund-raising season began a lot earlier than usual at many charities across the country.

Seeking ways to offset the effects of the deepening recession, nonprofit groups are working harder and trying new tactics to stimulate giving in the final weeks of the year — a crucial time for organizations that depend on the holiday spirit, and the lure of tax breaks, to build their coffers."

Trying to Spread the Giving Spirit - Philanthropy.com

Trying to Spread the Giving Spirit - Philanthropy.com: "Holiday fund-raising season began a lot earlier than usual at many charities across the country.

Seeking ways to offset the effects of the deepening recession, nonprofit groups are working harder and trying new tactics to stimulate giving in the final weeks of the year — a crucial time for organizations that depend on the holiday spirit, and the lure of tax breaks, to build their coffers."

The Drumbeat of Bad News in the Nonprofit and Philanthropy Sector and A Couple of Glimmers of Hope | BlogHer

The Drumbeat of Bad News in the Nonprofit and Philanthropy Sector and A Couple of Glimmers of Hope | BlogHer: "In the nonprofit and philanthropy world, like the economy in general, the outlook for 2009 is rather bleak. A group of nonprofit and philanthropy have offered their views on the impact of the economy on the nonprofit sector and it isn't rosy. Lucy Bernholz says:"

LancasterOnline.com:Local Business:Charitable giving - now more than ever

LancasterOnline.com:Local Business:Charitable giving - now more than ever: "By Patti S. Spencer, Correspondent

'The measure of your life will not be in what you accumulate, but in what you give away.'
— Wayne Dyer

There are many losers in the sagging economy, but charities are at the top of the list.

Charities need more support when times are tough, not less. It's a vicious cycle. The shaky economy increases the need for charitable services, but donations are down.

Grant-making foundations are finding the value of their endowments down with the equity markets — their grants for 2009 are likely to be lower.

Most charitable giving is done in the final quarter of the calendar year. Folks size up their financial situation and make donations to secure the charitable deduction for their tax returns before year-end."

Clinton charity forum concludes Asia meeting with $185 mln commitments_English_Xinhua

Clinton charity forum concludes Asia meeting with $185 mln commitments_English_Xinhua: "HONG KONG, Dec. 3 (Xinhua) -- The first ever Asia meeting of charity forum Clinton Global Initiative concluded on Wednesday in Hong Kong, with 87 members making about 70 commitments to action valued at about 185 million U.S. dollars.

'When fully funded and implemented, (they) will have a positive impact on more than 10 million lives,' the U.S. former president told some 200 participants, which included current or former heads of state, CEOs and leaders of non-governmental organizations."

AIDS charity run loses way-Pune-Cities-The Times of India

AIDS charity run loses way-Pune-Cities-The Times of India: "UNE: On Sunday, the city woke up to clear skies and the 23rd Pune International Marathon
. More than 10,000 runners from all walks of life took
to the streets. The 4.5 km Aids charity run, however, turned out to be a nightmare for most runners, as a majority of them ran almost double the distance till way beyond the finishing point."

'Giving' Season Falls Short - WSJ.com

'Giving' Season Falls Short - WSJ.com: "NEW YORK -- The last few months of the year are usually known as the giving season. But as the markets tank this year, Americans are doing something they rarely do: keeping their wallets closed.

One senior executive believes the U.S. this year is on pace to give less money to charity than in the previous year for only the second time in the past 40 years."

Charity - Islip and Brookhaven Laws Seek to Counter Clothing-Bin Fraud - NYTimes.com

Charity - Islip and Brookhaven Laws Seek to Counter Clothing-Bin Fraud - NYTimes.com: "DONORS may think that all of those unwanted garments they drop off in roadside collection bins are going to charities. But local and county officials say an increasing number of for-profit companies, some claiming to be charities, are collecting donated clothes to sell. That has prompted new laws in the Towns of Islip and Brookhaven and proposed legislation in Suffolk County to ensure that donated clothing goes to legitimate charities or that donors know where it is going."

Smaller events could replace Hawaii fundraising galas - Pacific Business News (Honolulu):

Smaller events could replace Hawaii fundraising galas - Pacific Business News (Honolulu):: "“This is a time when nonprofits are looking to individuals, people who have been loyal donors over the years,” said Travis Gray, incoming president for the Aloha chapter of the Association of Fundraising Professionals and director of central operations and services for the University of Hawaii Foundation."

Penn State Live - Students team up with Athletics for Philanthropy Phriday

Penn State Live - Students team up with Athletics for Philanthropy Phriday: "Students team up with Athletics for Philanthropy Phriday
Tuesday, December 2, 2008

University Park, Pa. — Penn State’s Student Philanthropy Council (SPC) will provide an informative and interactive opportunity for students to learn about philanthropy and Penn State athletics from 10 a.m. to 2 p.m. this Friday (Dec. 5) on the first floor of the HUB-Robeson Center."

New philanthropists more global | ajc.com

New philanthropists more global | ajc.com: "New philanthropists more global
Children more involved than parents were

By Christopher Quinn

The Atlanta Journal-Constitution

Wednesday, December 03, 2008

The wealthiest generation ever is moving toward retirement and turning to its children to keep its money working.

The combination of parental money and youthful idealism is creating a new group of philanthropists who are more hands-on and globally aware than their parents."

Tell us something we don't know 120408 - The McDuffie Mirror

Tell us something we don't know 120408 - The McDuffie Mirror: "A formal study released this week told us something we already knew: Georgians are some of the most generous folks in America.

How generous?

Georgia's total charitable giving by individuals, foundations and corporations in 2007 is estimated to be nearly $6.7 billion, according to the joint study by Georgia State University and the Center on Philanthropy at Indiana University."

State sees 'dramatic decreases' in charitable giving - The Denver Post

State sees 'dramatic decreases' in charitable giving - The Denver Post: "Colorado saw 'dramatic decreases' in charitable giving by individuals between 2005 and 2006, according to a report released today by the Colorado Nonprofit Association.

'The news that giving is decreasing creates a 'perfect storm' for charities struggling to meet rising demands for services with limited resources,' according to a statement released by Sharon Knight, chief executive officer of the association and Tom Downey, board chair."

Holiday train crucial to food shelf budget | South Washington County Bulletin | Cottage Grove, Minnesota

Holiday train crucial to food shelf budget |  South Washington County Bulletin  | Cottage Grove, Minnesota: "And a big part — the biggest, in fact — is the Canadian Pacific Holiday Train, making its annual stop in Cottage Grove for the sixth time next week. Last year the event raised roughly $38,000 for Friends in Need. That’s around one-sixth of the food shelf’s annual budget and its largest single fundraising event held each year."

GCIP in New Mexico

GCIP in New Mexico: "Grantmaking for Community Impact Project (GCIP)
Increasing philanthropic resources for advocacy, organizing and civic engagement

In New Mexico

NCRP selected New Mexico as the first site for our Grantmaking for Community Impact Project (GCIP). In the newly-released report Strengthening Democracy, Increasing Opportunities: Impacts of Advocacy, Organizing and Civic Engagement in New Mexico, NCRP documented how local and state organizations leveraged foundation resources to secure billions of dollars in benefits for New Mexicans."

Foundations Create Community Stability Through Shared Nonprofit Workspaces | News Room | Tides Shared Spaces

From Tides Shared Spaces

Foundations Create Community Stability Through Shared Nonprofit Workspaces | News Room | Tides Shared Spaces: "SAN FRANCISCO, CA; DECEMBER 3, 2008; The NonprofitCenters Network and Tides Shared Spaces released the first in a series of guidebooks today on the economic, environmental and community benefits of shared workspace and services. Planting a Seed: Foundations Build Communities with Shared Nonprofit Workspace illuminates the benefits and challenges foundations experience in creating mission-focused office facilities for themselves and other nonprofit organizations. The free guidebook showcases foundations that have succeeded and provides concrete examples of the resulting benefits to the nonprofits, communities, and the foundations themselves."

'Tis the season ... for giving | csmonitor.com

'Tis the season ... for giving | csmonitor.com: "Americans are cheerful givers. They donate more money per person than anywhere else in the world. Most households keep on giving even during rough stretches – though some give less and some stop altogether. In these tough times, charities are counting on that giving spirit.

Many of them won't know exactly how they fared in this recession year until they tally up receipts in January, including the generosity inspired by the holidays. Typically, total charitable giving – from foundations, corporations, and households – declines by an annual average of only 1 percent in recession years, according to the Giving USA Foundation."