News & Articles

Initial Tax Proposal Leaves Charitable Deduction Alone

April 26, 2017       Mark Hrywna      

The White House released a preliminary tax plan this afternoon that would double the standard deduction, keep the itemized deduction for charitable contributions and eliminate the estate tax and the alternative minimum tax.

Travel Writer Gifts Apartment Complex To YWCA

April 17, 2017       Mark Hrywna      

The YWCA of Seattle | King | Snohomish received a donation from travel writer and host Rick Steves sooner than originally expected.

Grantmaking Up In Pacific Northwest

April 12, 2017       Mark Hrywna      

Grantmaking in the Pacific Northwest jumped by more than 40 percent between 2012 and 2014, with health and education accounting for the largest portion of funding.

Nonprofit News Groups Get $114 Million Boost

April 5, 2017       Andy Segedin      

Omidyar Network, the philanthropic investment firm established by eBay founder Pierre Omidyar, unveiled a $100-million initiative to span the next three years aimed at strengthening independent media and investigative journalism, combating misinformation and hate speech, and enabling citizens to better engage with government entities.

Restricted Gifts: What You Can And Can’t Do

March 31, 2017       Andy Segedin      

There is much public and media interest in from where organizations are receiving their charitable gifts. It runs from allegations of pay-to-play relating to presidential nominee Hillary Clinton’s foundation to questions about who was donating to President Donald Trump’s foundation to instances of organizations naming fixtures after donors only to regret it later.

Bezos Family Donates $35 Million For Cancer Research

March 31, 2017       NPT Staff      

The Fred Hutchinson Cancer Research Center, based in Seattle, Wash., has received the largest private contribution in its 41-year history, a $35-million gift from the Bezos family. The gift will be used to attract research talent to lead projects at the core of the center’s new strategic plan. Jeff Bezos is chief executive officer of online retailer Amazon.

72% Hike In Donor-Advised Fund Contributions

February 16, 2017       Andy Segedin      

Contributions to the National Philanthropic Trust shot up to $1.7 billion in 2016, a 72-percent increase from 2015. The spike was likely a result of favorable market conditions and concern over potential future changes in tax policy, according to Eileen R. Heisman, president and CEO of the Jenkintown, Pa.-headquartered donor-advised fund.

Higher Ed Fundraising Hits Another Record

February 7, 2017       Andy Segedin      

Charitable giving to American colleges and universities reached the $41 billion mark in 2016, eclipsing 2015’s record of $40.3 billion. The sum represents a 0.4 percent increase adjusted for inflation. Foundation and corporate giving were primary drivers of the increase.

Fidelity, Vanguard, Schwab Passed Along $5.7 Billion

February 3, 2017       Mark Hrywna      

As giving to donor-advised funds (DAF) continues to grow so does grant-making by the charitable giving vehicles.

$28 Million Gift Headed To Boston

January 11, 2017       NPT Staff      

The Boston Foundation is preparing to receive one of the largest gifts of its 101-year history. The estimated $28-million donation is from Billeria, Mass.-based education firm Curriculum Associates via the Iowa State University Foundation. The gift represents the fourth donation of more than $20 million in the foundation’s history.