Saturday, April 30, 2005

Human Nature

"The deepest princilple of human nature is the craving to be appericiated." William James

Friday, April 29, 2005

Bloomberg

"There are lots of young men and women we would love to have as students, the Nobel Prize winners, the Lasker Award winners of the future. It would be a sin if society is deprived of the fruits of their work down the road because those of us, today, who could have helped and didn't."
Michael Bloomberg

Thursday, April 28, 2005

What are We Looking At?

If we are to lift ourselves out of the morass, we must shift our sights from the superficial to the sacrificial. Jesse Jackson

Wednesday, April 27, 2005

Doing Good

Do all the good you can,
By all the means you can,
In all the ways you can,
In all the places you can,
At all the times you can,
To all the people you can,
As long as you ever can.

John Wesley

Tuesday, April 26, 2005

Easy Gifts-Life Insurance

Giving life insurance is often an easy way to make a substanital gift to your favorite nonprofit.

Take for example Grace and Bud. They purchased a life insurance policy for Bud shortly after the birth of their only child over 40 years ago. They then purchase a policy for Grace when she returned to work when their son was in junior high school. Their primary purpose for having life insurance was to provide income replacement for the surviving spouse and ensure that he or she could afford to send their son to college.

Grace and Bud are now retired and their son finished his graduate studies over 15 years ago. When they decided to make a substantial gift to their favorite Christian charity they initially overlooked their paid-up life insurance policies. The couple soon realized that they no longer needed their insurance for its intended purpose and giving it as a gift to charity would provide some tax benefits for them as well.

If this is your situation please consider donating the policy. You usually may claim a charitable deduction for approximately the policy's cash surrender value, and the proceeds are completely removed from your estate.

Sunday, April 24, 2005

Donor Advised Funds Make Philanthropy Easy

Read Kiplinger's take on donor advised funds. Donor advised funds make "big time philanthropy" possible for the little or at least littler guy.

Tuesday, April 19, 2005

National Volunteer Week April 17-23

Celebrate National Volunteer Week, April 17-23. Sponsered by the Points of Light Foundation, the week honors volunteers and highlights the heroic efforts of volunteers and the need for more.

Monday, April 11, 2005

Nonprofits Take Aim at Banks

A recent article in the Chronicle of Philanthropy says that a number of foundations and other non-profits state that they are losing millions of dollars every year to the very banks they compensate to preserve their assets.

Wednesday, April 06, 2005

Generation X

A series of new studies chronicling the giving patterns of Generation X has confirmed popular opinion. People born between 1965 and 1980 are much less likely donate to charities than their baby boom parents or greatest generation grandparents. Observers are quick to point out that it not that theses young adults are inherently any less generous. With a steady decline in real wages over the past several years economics play a factor as well as the younger generation concern about work life balance. When they do donate to charities many of this generation simply have different ideas of how to give. Wanting to more hands on involvement and supporting more programs with tangible results.

Nonprofit Abuses

The Chronical of Philanthropy reported that abuses by charities and donors may be costing the taxpayer about $15-billion a year in lost revenue, Internal Revenue Service commissioner Mark W. Everson told a Senate committee. Everson made these remarks at the Senate Finance Committee hearing. As a result of the testimony of Everson and others, members of Congress plan to introduce legislation aimed at reducing these abuses. The hearing discussed nonprofits that pay excessive salaries to their executives; individuals who they say defraud our tax system by using charities as a facade to assist in paying their personal expenses; and people who write off phony amounts for in-kind gifts

What Makes a Life

As Winston Churchill said, "You make a living by what you make, you make a life by what you give."