BOSTON, April 27 /PRNewswire-USNewswire/ -- Today, the National Fund for Workforce Solutions (www.nfwsolutions.org) received the Distinguished Grantmaking Award for Collaboration from the Council on Foundations, a Washington, D.C.-based nonprofit membership association of some 2,000 grantmaking foundations and corporations. The Distinguished Grantmaking Award puts the spotlight on an individual or individuals who have made significant contributions to the field of philanthropy. First presented in 1984, this award celebrates those who exemplify the values and practices that the Council promotes and encourages.
The Foundation for Roanoke Valley, which has helped individuals and families establish charitable legacies for more than 20 years, has picked up an honor itself. The foundation's 2010 annual report, titled "Back to Basics," is the gold award winner for community and public foundations with $21 million to $100 million in assets in the 2011 Wilmer Shields Rich Awards Program for Excellence in Communications. The awards program is sponsored by the Council on Foundations and recognizes efforts to increase public awareness of foundations and corporate giving programs.
Today there are some 68,000 charitable foundations in the US, as measured by the Foundation Center, an independent philanthropy tracker. Though not all are corporate-sponsored, their aggregate generosity soared to nearly $34 billion last year, a 5.7% jump from the year before and a new high. Charitable urges -- and tax deductions -- can be satisfied in a number of ways. Many companies set aside a percentage of annual revenue for their foundations, while others match employee donations, or both. By far the most vexing regulatory problem for corporate foundations, according to Washington, DC-based Council on Foundations, concerns self-dealing. The self-dealing restriction may sound simple enough, but it can become quite complex. Foundations are not only for large companies. In healthcare,...
Steve Gunderson, a former congressman from Wisconsin, has been chosen to lead the Council on Foundations, an association of more than 2,000 entities that allocate money to charitable causes. Gunderson, 54, becomes president and chief executive officer of the council as his former colleagues on Capitol Hill are considering dramatic changes in the federal regulations that govern tax-exempt foundations and non-profit groups.
Billionaire financier George Soros, who has helped trigger financial turmoil and political upheaval overseas, is coming to Pittsburgh this weekend to discuss the impact of his Open Society Institute. Soros will address the 57th annual Council on Foundations conference, which opens Sunday. The council is a trade association for more than 2,000 philanthropic programs worldwide.
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