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Friday, May 30, 2008

Charity News Roundup

In case you missed it, here are some of the charity headlines making news this week:
  • Several stories in the news this week focus on donations of noncash items:
    • The Boston Globe reports that charities are benefiting from donations of household items from college students as they move out of their dorms.
    • In Florida, a charity that refurbishes donated computers and gives them to schools just celebrated donating its 10,000th free computer.
    • The IRS has found that “a 2005 federal law aimed at stopping donors from inflating the value of gifts of used cars” resulted in auto donations dropping 67 percent “from about 900,000 in 2004 to 297,000 in 2005.”
    • A woman in Washington who thought she was merely donating a can of food to a local food bank, “accidentally donated a fake soup can full of her family heirlooms.”
  • A number of charities fell victim to fraud and theft this week:
  • Finally, the slumping economy is even hitting the super-rich, which is in turn affecting the charities that depend on their support. The Robin Hood Foundation gala, for example, which attracts hedge fund managers and other titans of Wall Street, raised $56.5 million in 2008, compared to $71 million in 2007.

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