Foundation grants down

Here are the week’s top nonprofit stories:

* Foundation grants to nonprofits fell more than 4 percent to $29.7 billion in 2003, The New York Times reported April 5. In 2002, foundation giving dropped 1.8 percent.

* Meeting U.S. government rules to avoid funding or activities that can aid illegal acts, such as terrorism, is the focus of a new handbook released April 5.

* The U.S. Treasury Department and IRS plans to stop certain partnerships between businesses and charitable groups that are designed as tax shelters for the companies, The Associated Press reported April 1.

* The number of foundations in the West has grown to 27 percent of all U.S. foundations from just 9 percent in 1975, though New York still tops all states in number of foundations and highest giving, Mercury News reported March 27.

* GlaxoSmithKline, the United Kingdom-based pharmaceutical company, made charitable contributions in 2003 of 338 million pounds, or more than $621 million, representing over 5 percent of its pre-tax profits, the Evening Standard reported March 28.

* Singer Michael Jackson’s Heal the World Foundation stopped making grants and was suspended in California for failing to file accounting statements, while Jackson’s other charities also are in decline, The Associated Press reported March 25.

* The British Charity Commission will post the accounts of the 300 largest British charities online to try to improve the public’s trust of the charitable sector, and plans to eventually post all 186,000 charities registered in the country, the Telegraph reported April 2.

— Compiled by Jennifer Whytock

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