Big company giving rises

Here are the week’s top nonprofit stories:

* Giving by the largest U.S. companies grew 24 percent from 2002 to 2003, compared to a 4 percent rise for all companies, with pharmaceutical companies giving the most, Big News reported on Oct. 14.

* Congress approved tax changes for donated items intended for sale, limiting the amount a donor can deduct to the gross proceeds from the sale, The Wall Street Journal reported Oct. 12.  The change stems from concern that donors are deducting more than the value of donated items.

* Requiring nonprofits to check employees against federal terrorist lists in order to receive Combined Federal Campaign funding “violates basic rights,” says the National Council of Nonprofit Associations, which is calling for an end to the requirement.

* The Global Compact, an initiative by the United Nations to improve corporate citizenship, has enrolled more than 1,800 companies, but enrollment by U.S. companies has been lower than expected, says an Oct. 12 article in the McKinsey Quarterly.

* A national panel of nonprofit and foundation leaders is being created to provide recommendations to Congress on improving oversight of nonprofits, Independent Sector says, part of a year-long look at the sector by the Senate Finance Committee.

* New research shows use of cause-related marketing by charities in the UK is increasing, with the amount raised up more than 15 percent from 2002 to 2003, says Business in the Community, a coalition of UK companies working to improve the impact of business on society.

* The UK’s National Council for Voluntary Organisations says nonprofit groups should merge or pool services with other nonprofits to save on administrative costs and has created a working group to advise them, the Guardian reported Oct. 8.

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