Nonprofitxpress roundup – House passes charity bill

Here are the latest nonprofit headlines:

* The House approved the charity bill that gives more tax cuts to boost charitable giving and restricts certain expenses from the 5 percent of assets foundations are required to pay out annually, the Philadelphia Inquirer reported Sept. 18.

* The American Red Cross is seeking private donations to replenish the nearly empty Disaster Relief Fund, depleted from many recent, small disasters, the Washington Times reported Sept. 19.

* The Boston Foundation launched a collaborative with nonprofits, government and employers to improve the skills of the city’s poor, the Boston Globe reported Sept. 11. One-third of the city’s workforce lack basic reading, writing and math skills.

* Giving by the New York Stock Exchange to charities with ties to its compensation committee grew 63-fold over eight years to $1.3 million last year as compensation for its embattled former CEO Richard Grasso grew to $140 million over the same period, Bloomberg News reported Sept. 15.

* With only 5 percent to 10 percent of alumni contributing to the 100 historically black colleges and universities in the U.S., compared to 25 percent for all private schools, many black schools have launched successful efforts to boost alumni giving, The Wall Street Journal reported Sept. 17.

* One historically black school, Bennett College in Greensboro, N.C., revamped its fundraising last year under new president Johnnetta Cole, raising $6.7 million in private gifts, including donations from 30 percent of alumni, The Wall Street Journal reported Sept. 17.

* Many college athletic departments, considered charities by the Internal  Revenue Service, are forcing season ticket-holders to make large, tax-exempt donations to retain their seats each year, the Washington Post reported Sept. 13.

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