A Compilation of News and Notes Related to Fund-Raising - Volume 8 - Quote - August 27, 1962

Sep 21, 2026

Uploaded by Violet

Compilation of news items and notes on fund-raising, focusing on charitable contributions and corporate solicitation practices. Includes specific guidance on defining an institution, demonstrating program scope, showing stability and sound management, providing financial reports, putting information in writing, and maintaining proper internal approval steps. Also summarizes alumni giving totals, population growth figures, doctors’ gifts to medical schools, hospital fund distributions, major campaigns and fiscal reports, and an Internal Revenue Service bulletin on depreciation guidelines for tax purposes.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages4

Reading Time10 min

AccessFree to download

DO'S AND DON'TS OF CORPORATE SOLICITATION

ALUMNI GIVING

POPULATION 'EXPLOSION!'

DOCTORS'GIFTS SOAR

UNITED HOSPITAL FUND OF NEW YORK

CAMPAIGNS and FISCAL REPORTS

INTERNAL REVENUE SERVICE

For Education

INDIVIDUALS

CORPORATIONS

# A Compilation of News and Notes Related to Fund-Raising Volume 8 QUOTE August 27,1962 "The primary legislative purpose behind the charitable deduction has,ofcourse,been the desire to promote the support of institutions which in factperform a public service,either directly or indirectly....From an economicpoint of view it must be recognized,moreover,that a dollar of a private giftgiven directly to an institution is of considerably greater benefit to the institu-tion than a dollar received by way of taxes....It has been estimated that thefederal tax dollar,in its somewhat tortuous course from taxpayer to(theinstitution),is so worn down that for each dollar received....the taxpayermust provide two or three.' # DO'S AND DON'TS OF CORPORATE SOLICITATION The following are based on suggestions and criteria offered by thecontributions officers of two of our leading national corporations DO present a elear definition of your institution's ease DO indieate the eompany and stockholder interestslikely to be served by the grant DO give evidenee of the essential nature and seopeof your program and reasons why private sup-port is warranted DO show institutional stability,responsible sponsor-ship,and evidenee of sound management DO produce evidence of support from your own log-ical constituents as well as general communityapproval and backing DO shou elear-cut objectives and a program and time-schedule for attaining these DO have understandable finaneial reports DO put it in writing # The Bulletin Excerpt,courtesy of Bulletin of The FoundationLibrary Center,from "Tax Aspects of CharitableContributions and Bequests by Individuals,"'Quiggle and Myers,Fordham Law Review,Winter,1960 DON"T let multiple approaches eonverge on the cor-poration fron every Tom.Dick and Harry inyour institution DON'T expeet old sehool ties to provide justifieationfor a grant DONT by-pass the designated eompany contribu-tions officer and persistently telephone the chiefexecutive DONT make any approach until you have evideneeof trustee and other support "at home" DON'T put the company on the spot with a reeitalof its profit position and the low giving ratio inits industry DON'T neglect to send those interim progress re- ports between your money-asking sorties DON'T forget the thanks Number 12 ## ALUMNI GIVING Clark University Alumni Fund received total of $146,200 this year,goalnext year $155,000...Georgia Tech alumni donated 45.4 per cent during the1961-62 alumni drive...Emory alumni contribute more than $300,000 touniversity's loyalty fund,equivalent to $7,000,000 endowment income...Harvard Fund Council announced its 1961-62 fund drive received contributionstotaling $1,338,563,a record sum...Alumnae Association of ManhattanvilleCollege of the Sacred Heart,Purchase,N.Y.,receives honorable mentionin sustained performance in alumnae giving in program sponsored by Americanbusiness and industry -alumnae contributed total of $172,683 to college...U.of Pennsylvania received$1,123,000 in past year from 23,900 contributorsto its Alumni Annual Giving Program,setting new records for both dollars anddonors... ## POPULATION 'EXPLOSION! Independence Day report from the Census Bureau:U.S.population nowis 186.5 million,nearly 75 times more than it was 186 years ago on July 4,1776.Also predicts it will grow to 235,200,000 by 1975 and 259,600,000 by1980. ## DOCTORS'GIFTS SOAR American doctors gave more than $4.7 million to the nation's medicalschools last year,according to the Amęrican Medical Association.They gave $3,428,413 directly to schools,and $1,306,161 to AMA's Education andResearch Foundation. ## UNITED HOSPITAL FUND OF NEW YORK in its report to contributors lists total funds distributed of $2,718,113,including $432,000 for campaign expenses.Grants are made to member hos-pital s on basis of free and below cost care they provided during 1961 and theirparticipation in the United Ho spital Fund Campaign. ## C

FAQs

What are the core do's for corporate solicitation in the document?

Present a clear definition of the institution, indicate company and stockholder interests served by the grant, provide evidence of the program’s nature and scope, show stability and sound management, and include clear objectives with a program time-schedule and understandable financial reports.

What are the key don'ts when approaching corporations for grants?

Avoid letting many approaches converge from people in your institution, do not rely on old school ties for justification, do not bypass the designated contributions officer to call the chief executive, and do not make approaches without evidence of trustee and other support at home.

What additional topics and figures does the compilation include beyond solicitation guidance?

It includes alumni giving totals for multiple universities, Census Bureau population growth predictions, doctors’ gifts to medical schools, United Hospital Fund distributions in New York, highlights from major campaigns and fiscal reports, and Internal Revenue Service guidance on depreciation for tax purposes.

Sep 21, 2026

Uploaded by Violet