A Compilation of News and Notes - JEC 30'59 - Related to Fund-Raising - Volume 5 - QUOTE

Sep 21, 2026

ACompilation of News and Notes presents a progress report on fund-raising activities and related nonprofit developments, featuring figures on giving, campaign results, and trends in capital gains donations. It highlights hospital service funding, hospital construction and modernization costs, and state-level or institutional grant activity across education, healthcare, and research. The bulletin also includes ground rules and guidance for donors, plus additional updates such as bingo licensing outcomes and international aid remittances.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages4

Reading Time10 min

AccessFree to download

QUOTE

PROGRESS REPORT

HOSPITAL CONSTRUCTION COSTS MOUNT

CANADIAN CORPORATIONS

GROUND RULES?

NEEDS FOR HOSPITAL MODERNIZATION

1500 NON-PROFIT GROUPS

FORMULAE

A Compilation of News and Notes JEC 30'59 Related to Fund-Raising VOLU ME 5 # QUOTE PROGRESS REPORT GIVING CAPITAL GAINS! NINE MONTHS'FIGURES The Bulletin of THE |AMERICAN ASs0C1ATI0N 0F FUND-RAISING C0UNSEL Num ber 19 De ce m ber 7,1959 "...The hospital service,as any social service,to be effective,must rest onthree pillars--science,humanity and charity...No science is complete or worthyof its name if itleaves out the human factor.No charity is worth having if,inthe last resort,it does not make use of up-to-date scientific data. T.E.Chester,professor of social administration,University of Manchester,England,speaking to thellth International Ho spital Congress at Edinburgh,Scotland. 366 united fund and community chest completed campaignsreport a total of $202,225,698 raised,98.8 per cent of their aggregate goals and106.4 per cent of the amount raised last year. Pro spects now are that federated campaigns will show an over-all total of some 5 per cent above the $427 million raised last year. Business Week says --Ithere's a new twist on the idea ofdonating securities -it's called¹giving capital gains'.What you do is sell ablock of securities to your college or charity,charging only your low,originalcost.You wind up with cash in pocket,plus a tax deduction.Say you own a stockthat cost you $20 years ago.Today,it lists at $50.You sell the shares directlyto the institution for $20,and so get back your cost.You then,deduct,for taxpurposes,$30 a share.11 show new religious construction valued at $687 million,an increase of ten per cent over the same period in 1958.At this rate,new re-ligious construction this year may come close to $1 billion. The new construction for educational building was $416 million,a decrease of 6 per cent over the same period in 1958. New hospital construction was valued at $456 million,a 7 percent decline over the 1958 comparable figures. √ sent abroad during first six months of 1959 isreported by the International Cooperation Administration to have totaled$101,791,766,of which $20,988,676 was in cash remittances and the re-mainder in food,clothing and medical supplies.Fifty-five agencies were re-ported sending aid to 98 countries. # HOSPITAL CONSTRUCTION COSTS MOUNT In 1948,there were 73 Hill-Burton projects which had unit costs of $20per square foot,or$11,987 per bed.In 1958,there were 65 similar projectswhich had unit costs of $30.4 a square foot,or $19,002 per bed. # CANADIAN CORPORATIONS whose returns were fully tabulated in the most re-cent report of the Department of National Revenue had net taxable income of $3,059,800,000,and listed "donationsll totaling 1.04 per cent of taxable income. # GROUND RULES? Mefford Runyon,retiring executive vice-president of the American CancerSociety,suggests an independent rating bureau be created to appraise organiza-tions seeking public support on a national basis. Dean Wilbur J.Bender of Harvard College suggests colleges issue a state-ment of principles for an ideal national financing program,for the benefit ofpotential donors,especially those who give blindly,ignorantly or with an ulteriormotive. # NEEDS FOR HOSPITAL MODERNIZATION will be part of the American Ho spitalAssociation program placea before the next Congress.Federal aid will be soughtfor hospital renovation projects.Other projects will be the continuation of theexclusion of non-profit hospitals from federal labor relations laws on collectivebargaining;and exemption from certain federal excise taxes which have alreadybeen granted non-profit educational institutions. # 1500 NON-PROFIT GROUPS in 636 cities,towns and villages of New York,havetaken licenses for bingo in the past two years...6,737,196 players have paid$21,353,272 to play,and the profits were $4,851,593. # FORMULAE American Alumni Council reports three suggestions for formula to guidealumni in giving to capital fund campaigns as follows: One per cent of income(either gross or n

FAQs

What is the main theme of the bulletin’s progress report?

The bulletin focuses on fund-raising progress, including campaign outcomes and approaches to donations such as “giving capital gains.”

What does the bulletin report about hospital construction and costs?

It compares unit costs and bed costs between 1948 and 1958, then notes rising or mounting hospital construction costs and related modernization needs.

What guidance does the bulletin provide for alumni or donors?

It lists suggested giving formulas for alumni capital fund campaigns and includes “ground rules” such as creating an independent rating bureau and establishing principles for national financing.

Sep 21, 2026

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