Nonprofitxpress roundup – Panel OKs charity deductions

Compiled by Donnie Stanley

Here are the latest nonprofit headlines:

*The Care Act of 2002, which will give tax deductions for charitable donations to individuals who don’t itemize their income tax returns, has cleared the Senate Finance Committee, The Associated Press reported June 19.

*Microsoft and Hewlett-Packard will donate 20 percent of their charitable donations to provide Internet and telephone service to third-world countries, The Associated Press reported June 18.

*A growing number of wealthy donors, including Microsoft chief Bill Gates and CNN founder Ted Turner, are investing more money in lobbying efforts to influence U.S. legislation, The Wall Street Journal reported June 19

*Foundation giving in Hawaii grew overall in 2001, although only three foundations reported growth in assets, Pacific Business News reported June 14.

Leave a Response

Your email address will not be published. All fields are required.