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Non-profits fear charitable giving will be cut by more than 10%

May 11, 2009

Corporate giving is expected to decline this year, according to a survey released today by The Foundation Center, a New York-based nonprofit service research organization that focuses on philanthropy. A full 51% of the 109 corporation foundations...

New York philanthropic network links advisers

May 11, 2009

A newly formed organization, Metro-New York Philanthropic Advisors Network, has been developed for advisers, other financial leaders and high-net-worth clients to network and share stories about philanthropic giving. The organization is modeled...

Small family foundations grapple with losses, costs

May 10, 2009

Declining endowment values are leading many small family foundations to question their future. About 12% of foundations, in fact, intended to spend down their endowments and cease operations, according to a study from the New York-based Foundation...

Online giving making gains, but at a slower pace

May 5, 2009

While charitable giving using the Internet continues to rise, the pace is slowing down due to the recession, according to a survey published yesterday by The Chronicle of Philanthropy. In its annual survey, including 203 non-profit organizations,...

Gloomy forecast for foundation giving

March 31, 2009

Foundation giving went up in 2008, but is expected to decline this year, according to a survey released today by the Foundation Center. Foundations increased giving by 2.8% last year to an estimated $45.6 billion, reported the New York-based...

Obama tax proposal could hinder giving, charities fear

March 25, 2009

In his White House press conference last night, President Obama defended his proposal to reduce the tax deduction for philanthropic gifts, stating that the measure would not deter donors from giving. But some philanthropy experts disagree. The...

Foundation giving expected to drop this year

March 10, 2009

Only two of the top 100 largest foundations have said they plan to increase giving this year, according to a new report from the Foundations Center. About one-third of the top 100 foundations have made announcements about their giving plans...

Obama tax plan may hurt philanthropy

March 4, 2009

A proposal in President Obama’s budget to lower the tax deduction amounts for wealthy donors has charities concerned that it may reduce giving. The proposal would limit the tax rate at which high-income donors could take itemized deductions...

Fidelity Charitable Gift Fund contributions fell

January 26, 2009

While incoming contributions to the Fidelity Charitable Gift Fund dropped 43% last year, its grant making to non-profit organizations increased. Fidelity Investments said today that contributions to the nation’s largest donor-advised fund dropped...

Altruistic advisers honored at gala

September 10, 2008

More than 450 executives from 50 financial organizations honored the finalists and recipients of the second annual Community Leadership Awards last night at the Hilton Hotel in New York. The awards, in four categories, were presented by the...

Sun Life launches charitable estate planning

September 4, 2008

Sun Life Financial Inc.’s U.S. division has launched its charitable estate planning campaign to teach advisers and clients about using life insurance for charitable purposes. The Wellesley, Mass.-based insurer’s program is based on the insurer’s...

Foundations turn to alternative investments

June 4, 2008

Foundations experienced a decline in returns in 2007, according to a study released yesterday by the Commonfund. The 300 private and community foundations that participated in the annual benchmark study saw returns drop to 9.9%, from 13.7% the...

Philanthropists getting younger by the year

April 25, 2008

The best age range to educate children about and involve them in philanthropy is five to 12, said Doug Mellinger, founder of Foundation Source Inc., a Fairfield, Conn.-based service provider for private foundations, at the annual meeting of...

Deborah McWhinney to helm foundation

April 3, 2008

Deborah D. McWhinney has become chief executive and president of the Dennis & Phyllis Washington Foundation. The former president of Schwab Institutional is heading up the Missoula, Mont., organization to help fund scholarships for underprivileged...

'Wired wealthy' giving more online

April 2, 2008

Wealthy donors may be more open to online relationships than charities may realize, making an organization's presence on the Internet even more important in reaching this market. Donors are making larger dollar gifts more often online and plan...

Fidelity Charitable chief leaves for Natixis

January 10, 2008

Natixis Global Asset Management LP of Boston announced today that David Giunta has been named president and chief executive of Natixis Global Associates, its U.S. distribution organization. He joins the firm from Fidelity Investments of Boston...

Fidelity launches college philanthopy program

December 13, 2007

The Fidelity Charitable Gift Fund will launch a program with Campus Compact to educate and inspire young people to get involved in philanthropy. As part of the program, called Students4Giving, each of five institutions of higher education will...

Study profiles high-net-worth donors

December 6, 2007

Although many high-net-worth donors share a desire to volunteer and to include children in their philanthropic planning, there are many differences among them, according to a report released today by Bank of America. In what could be the largest...

Give stock, save on taxes, says survey

November 1, 2007

Ten to 20 million households have the potential to realize additional tax savings of $2.2 to 4.5 billion by donating securities with long-term appreciation instead of giving cash to charities, according to an analysis on charitable giving by...

Lehman gives $10 million to Spelman

October 17, 2007

Lehman Brothers has pledged $10 million to Spelman College to prepare black women for careers in the financial sector. The New York-based investment bank will develop the Lehman Brothers Center for Global Finance and Economic Development at...

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