Skip to main content
Philanthropy Journal Home

Philanthropy Journal News

Charities mum on death tax

 | 

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

* Although charities could lost $10 billion a year through permanent repeal of the federal estate tax, charities are not talking about repeal for fear of upsetting wealthy donors and board members who would benefit from repeal, The New York Times reported April 24.

* Supporting organizations, which offer big tax benefits to donors and operate like foundations but without their tough requirements, are the target of lawmakers and regulators who suspect wealthy people use the groups more for tax planning that for any charitable aim, The New York Times reported April 25.

* Under pressure from environmental activists and shareholder groups, J.P. Morgan Chase is adopting broad guidelines to restrict its lending and underwriting for industrial projects likely to have an environmental impact, The Wall Street Journal reported April 25.

* Donor-advised funds grew for the second straight year in 2004 but face a slumping stock market and possible tough legislative rules that could chill their popularity, The Chronicle of Philanthropy reported April 25.

* A new survey by the Association of Fundraising Professionals says the median salary of U.S. fundraisers grew more than 15 percent in 2004 to $72,050, The Chronicle of Philanthropy reported April 25.

* The Institute of Medicine, an affiliate of the National Academy of Sciences, ha called for creation of an AIDS “Peace Corps” to send U.S. doctors, nurses, pharmacists and other health-care workers overseas to treat patients and train caregivers, The Wall Street Journal reported April 20.

* The Home Office in Britain launched Volunteering England, a project to help rural communities get information about local volunteering opportunities by setting up 160 high-tech information kiosks throughout the country by March 2006, Charity Times reported April 22.

* A new report by the Institute of Fundraising says mobile-phone operators are pocketing up to one-fourth of dollars donated to British charities by text message, the Telegraph reported April 25.

* Nonprofits face big hurdles in China, where 283,000 are officially registered with the government, but up to 3 million actually operate, most of them not able to find an industry regulator whose administrative powers cover their activities, China View reported April 22.

Leave a Response

Your email address will not be published. All fields are required.