Merger between the Community Foundation Silicon Valley and the Peninsula Community Foundation

The Associated Press reported on May 4, 2006 that the Community Foundation Silicon Valley and the Peninsula Community Foundation have announced that they are considering a merger to create a combined endowment of $1.36 billion.  The merger would result in the nation’s third largest community foundation, behind only the...

Donor-Advised Funds in 2005

The Chronicle of Philanthropy (May 4, 2006) reported that assets of the nation’s largest donor-advised funds grew by a median of more than 20 percent from 2004 to 2005.  Likewise, the amount granted to charities from these donor-advised funds increased by 20.8 percent from 2004 to 2005.  Officials at...

Form 1023

Form 1023 (Rev. October 2004) * Effective July 1, 2006,  the fee for initial applications for exemption under Section 501 will increase from $150 to $300 for small organizations (annual gross receipts not over $10,000), and from $500 to $750 for larger organizations (annual gross receipts over $10,000).  The...

Executive Order 13224

The following description of Executive Order is from the U.S. Department of State: President Bush signed Executive Order 13224 on September 23, 2001.  Executive Order 13224 gives the U.S. Government a powerful tool to impede terrorist funding and is part of our national commitment to lead the international effort...

Form 990 – Lorman Seminar Presented by Terry Miller

I attended an excellent presentation on "Form 990:  Critical Issues" given by nonprofit financial management consultant Terry Miller for Lorman Education Services on April 18, 2006.  Terry’s coverage of Form 990 included the following areas: Tax Overview for 501(c)(3) Public Charities – Regulatory Viewpoint Form 990:  Procedural Overview Filing...

International Giving – NCPGC Presentation 3/9/06

On March 9, 2006, I attended a Northern California Planned Giving Council luncheon meeting featuring Jane Peebles and a discussion of International Giving.  Ms. Peebles, a partner in Bingam McCutchen’s estate planning group, is a leading legal expert in the area of international philanthropy.  Here are some of the...