Nonprofitxpress roundup – Senate fails to repeal estate tax

Compiled by Donnie Stanley

Here are the latest nonprofit headlines:

*The Senate failed to permanently repeal the estate tax by six votes, The Boston Globe reported June 13.

*At its annual meeting in Los Angeles, the Foundations and Donors Interested in Catholic Activities, a group representing 47 foundations who give $200 million annually to the U.S. Catholic Church, called on church officials to disclose financial statements regarding settlements given to victims of sexual abuse, The New York Times reported June 13.

*Nonprofit art groups generate $134 billion annually in revenue, according to a study of 3,000 nonprofit art groups and 40,000 attendees at events in 91 cities and 33 states by the Americans for the Arts, The Associated Press reported June 11.

*The largest U.S. charities collected more than $2.3 billion after Sept. 11, but have given only 29 cents of each dollar to families of those killed in the attacks, with 40 cents still needing to be disbursed, according to a survey by The Washington Post, the newspaper reported June. 11

*British charity groups fail to raise enough money through online donations to cover website development costs, according to a study of the top 500 fundraising charities by the Centre for Voluntary Sector Management at Henley Management College, the Guardian Unlimited reported June 12.

*The Baring Foundation, with funding by Booz Allen Hamilton, has launched, a Web site designed to provide online courses in human resources, insurance and risk management for charity groups, the Guardian Unlimited reported June 12.

*Philanthropist Walter H. Annenberg’s $1.1 billion gift in 1993 to help U.S. schools improve academic performance failed to bring about dramatic changes, according to a report by the Annenberg Challenge, The Washington Post reported June 12.

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