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.
*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.