Monthly Archives: February 2006

Tax policies promote private charitable

David Roodman and Scott Standley,02/17/2006 Researchers have written hundreds of papers on the causes and consequences of official foreign aid, while paying almost no attention to private overseas giving, by individuals, universities, foundations, and corporations. Yet private giving is significant—some $15.5 billion/year, compared to more than $60 billion/year in public giving—and is in no small […]

Billionaire Gives a Big Gift but Still Gets to Invest It

New York Times, February 24, 2006 By STEPHANIE STROM Boone Pickens, the often controversial and always colorful Texas oilman turned investor, took advantage of a temporary tax break to make a gift that propelled him into the ranks of the nation’s top philanthropists last year. But what Mr. Pickens gave away with one hand he continues […]

“Socially Responsible” Funds

from the Wall Street Journal Online By JOSHUA ALBERTSON February 14, 2006; Page D2 Sky-high oil prices haven’t been kind to mutual funds with a mandate for socially responsible investing. Over the past 12 months, equity funds with a socially responsible bent have gained 11.54%, nearly four percentage points less than the average for all equity […]

Benedict XVI on Volunteers

From the encyclical, Deus Caritas Est, #30 b: Church agencies, with their transparent operation and their faithfulness to the duty of witnessing to love, are able to give a Christian quality to the civil agencies too, favouring a mutual coordination that can only redound to the effectiveness of charitable service. Numerous organizations for charitable or philanthropic purposes […]

Family, Princeton Clash Over Use of Gift

The legal battle between the family that created the endowment fund for the Woodrow Wilson School of Public and International Affairs and Princeton University has escalated over allegations that the Ivy League school has not used the gift as originally intended, the Wall Street Journal reports. The foundation that controls the endowment was created in 1961 with a $35 million gift […]