 Headlines
Cisco Systems Hires On-Site Philanthropy Counselor
Berkeley Business School to Offer Course on
Philanthropy
Kiplinger's Personal Finance Magazine Reports on New
Philanthropy
Arizona Reports Growing Number of Nonprofits
Colorado Entrepreneurs Invest in Charity
National Semiconductor Corporation Establishes
Foundation
Ford Foundation Announces Finalists for Innovations in
American Government Awards
Boy Scouts Lose Funding Over Policy of Exclusion
Kellogg Foundation Program Helps Youth Address Racism
Peter O'Donnell, University Donor, Profile
Blue Cross and Blue Shield of Kansas to Fund Health
Foundation
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PHILANTHROPY NEWS DIGEST
According to the magazine, the country's new wave of
donors, many with freshly minted fortunes from their own
business ventures, are deeply interested in applying their
investment and entrepreneurial skills to their charitable
projects.
The demand for hands-on giving opportunities has given
rise to more personalized funding methods. When Mike
Valder, a trial lawyer in Phoenix, and his wife wanted to
help a troubled downtown community, for example, they felt
that traditional philanthropy wouldn't do enough to
address the "root cause of social and economic injustice."
So the couple established the Arizona Social Change Fund
at the Arizona Community Foundation. The fund raises money
for grassroots organizations through a "giving circle," a
group of donors who increase the power of their donations
by joining forces with other like-minded philanthropists.
Other giving vehicles popular with new donors include
donor-advised funds, which allow individuals to retain a
say in how their gifts to charitable organizations are
used, and charitable remainder trusts, a traditional
giving tool whose use is on the increase among young
philanthropists.
Roha, Ronaleen R. "Charity Gets Personal." Kiplinger's
Personal Finance Magazine, September 2000.
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