TheBulletin of News and Notes Related to - Fund-Raising - 15 - Septem ber 15,1958

Sep 21, 2026

Uploaded by Riley

A news compilation on fundraising activity reports IRS statistics and organizational reporting requirements for 1956, including counts of individual tax returns, adjusted gross income, and total contributions. It quantifies contribution distributions across income brackets and summarizes tax obligations for charitable exemptions. Additional sections cover religious giving, membership changes among major denominations, and educational and corporate gifts with reported totals to universities and colleges.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages4

Reading Time10 min

AccessFree to download

GIVING BY_INDIVIDUALS

TAX MATTERS

CORPORATE_GIVING

For Education

A Compilation TheBulletin of News and Notes Related to of THE AMERICAN ASS0CIATI0N 0F FUND-RAISING C0UN SEL Fund-Raising sp17第 No.15 Vol.4 Septem ber 15,1958 QU_OTE Though the word voluntaryl may not be quite so stirring as the word"individual!or the word "freedom, it is nevertheless very meaningful.Both"individual"and lfreedom"unintentionally convey elements of selfishness andof anarchy.But voluntary means just what it says:something one does of one'sown volition.I believe it goes to the heart of our system.For it also connotesaction.Voluntary always goes with doing.In this nation,we have accepted awide range of voluntary responsibilities,set up an immense number of voluntaryagencies and organization.We are by nature a gregarious people.The collectiveor social instinct is very strong in us.But we like being collective on a voluntarybasis.This is our salvation. - Erwin D.Canham,editor of The ChristianScience Monitor in address to Meeting of the John Hancock Mutual Life InsuranceCompany,Hollywood Beach,Florida. # GIVING BY_INDIVIDUALS IRS announces income tax returns filed in 1956 and tax reported set recordhigh.59.2 million individual tax returns filed for 1956,more than 900,000 over1955. Adjusted gross income was approximately $268 billion,an increase of$19 billion over 1955. Contributions of $4,650,171,000 were reported by 16,349,906 individualswho took deductions for contributions.Another $227,622,000 in contributionswas reported on non-taxable returns making a total of $4,877,793,000 contribu-tions reported. Some 43 million individuals took the standard de ductions. Total contributions in 1956:including individuals,corporations,bequests,and foundations,approached $7 billion. The percentages of contributions to adjusted gross income were as follows:Under $5,000-4.45 per cent;Over $5,000 and under $10,000-3.52 per cent;Over$10,000 and under $25,000-3.48 per cent;Over $25,000 and under$50,000-3.29 per cent;Over $50,000 and under $100,000-4.07 per cent;$100,000 to $500,000-6.98 per cent;$500,000 to $1,000,000-10.90 per cent; $1,000,000 and over -12.67 per cent. TAX MATTE R S Under revised tax laws,organizations receiving exemption as charitableorganizations,must report total contributions annually. Membership in 255 religious bodie s in the Continental United States,re-ported to the Yearbook of American Churche s for 1957 is a new high:104,189,678.A net gain of 964,724 in 1957 over the 1956 total of 103,224,954. 1957 gain was nine-tenths of one per cent,compared with an estimated increasein population of 1.7 per cent.The gain reported in 1956 was 3,062,425,or 2.8 percent.However,the statistics reveal certain aberrations.For instance,a Protestantbody which formerly reported more than 1,500,000 members was not included in thecompilations for 1957. Religious affiliation in 1957 represented 61 per cent of the population.One hundred years ago it was 23 per cent. Contributions reported by fiftv-two major Protestant and Eastern Orthodoxbodies totaled $2,043,741,555,compared with $1,842,592,260 in the previous year.The total for all religious contribution is estimated well in excess of $3 billion. Membership by group s is reported in the yearbook as follows: 19561957Protestant60,148,98059,823,777Roman Catholic34,563,85135,846,477Jewish5,500,0005,500,000Eastern Orthodox2,598,0552,540,446Old Catholic and PolishNational Catholic351,058*468,978Buddhist63,00010,000Mo slem(unofficial estimate)20,000十*Includes also Armenian Church of North America in 1957.+Estimate dropped. Catholic_Statistics -The Catholic Directory reports: Catholics in the United States number 36,023,927,an increase of 1,460,126over last year,and 38.1 per cent over 1948. There are 260 Catholic colleges and universities;2,433 high schools;and 10,159 elementary schools.There are 783,155 students in high schools;and 3,921,522 in the elementary schools. 801 Catholic general hospitals have a bed capacity of 131

FAQs

What IRS reporting is described for charitable organizations receiving tax exemption?

Organizations receiving exemption as charitable organizations must report total contributions annually.

How does the document break down contributions for individuals by income ranges?

It lists percentages of contributions to adjusted gross income for multiple brackets, from under $5,000 up to $1,000,000 and over.

What does the document say about corporate giving in 1956?

It cites an IRS preliminary report for corporate gross sales and receipts, discusses the share of net income used for contributions, and provides an estimate of total corporate giving including contributions via corporate foundations.

Sep 21, 2026

Uploaded by Riley