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Philanthropy shifting gears

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Here are the week’s top nonprofit stories reported elsewhere:

* Philanthropy is entering a new era, with the number of foundations growing dramatically; giving becoming more directed and engaged; people giving more as their income and wealth grows; the share of estates going to charity growing as the size of estates increases; and money flowing to charity rising, and possibly increasing as a share of the economy, The Economist reported in its July 29 edition.

* The American Civil Liberties Union has dropped out of the Combined Federal Campaign, rejecting $500,000 it expected to receive from the federal charity drive, in the wake of a report that it had signed a certification saying it would not knowingly employ people whose names appeared on government terrorism watch lists, the kind of lists it has criticized in the past, The New York Times reported Aug. 1.

* The Chicago Community Trust launched a drive to raise $6 million to create an endowment to support social services, health, education, the arts and other efforts in Chicago’s black neighborhoods, the Chicago Sun-Times reported Aug. 1.

* The chief counsel for the IRS has decided many credit-counseling agencies are not eligible to be tax-exempt, a move that could cost them their special tax status, The Washington Post reported Aug. 4

* Corporate giving programs should give closer scrutiny to charities they support and align their giving with their business, Hasbro Chairman Alan Hassenfeld says in an interview with BusinessWeek in its Aug. 3 edition.

* A newspaper reported that five of the stringed instruments the New Jersey Symphony bought for $17 million from a man now charged with tax fraud likely are not authentic, the Associated Press reported Aug. 1.

* Author J.K. Rowling, creator of the Harry Potter books, says she will write an eighth book and give the proceeds to charity, WebIndia reported Aug. 2.

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