Compiled by Donnie Stanley
Here are the latest nonprofit headlines:
*President Bush promoted a bill – estimated to cost $10 billion over 10 years — to give federal money to religious groups, provide technical assistance to small community charitable groups and let couples who do not itemize on their federal tax returns deduct the second $500 out of a total $1,000 charitable contribution, The New York Times reported July 2.
*Some members of Congress are refunding WorldCom Inc. campaign donations or giving them to charity because of ethical questions raised about the contributions related to the company’s recent auditing problems, The Associated Press reported July 2.
*The St. Paul Foundation has filed a $60 million lawsuit against Ascension Health, saying the St. Louis-based nonprofit corporation took donations intended for St. Paul University Hospital and is using the money for its own needs, the Dallas Business Journal reported June 24.
*Having reached its $500 million fundraising goal one year ahead of schedule, the University of Pittsburgh hopes by June 2007 to meet its new goal of $1 billion, the Pittsburgh Post-Gazette reported June 21.
*The U.S. Postal Service will release a new 45-cent stamp and give the eight cents above the price of a regular first-class stamp to a fund to be used by the Federal Emergency Management Agency, The Daytona Beach News-Journal reported June 29.