FOR
IMMEDIATE RELEASE: USE
THE NEWS FOUNDATION ANNOUNCES NEW NONPROFIT FISCAL SPONSOR SERVICES
Individual
Gift and Vacation Donation Programs Offer
tax-deductible services to Newspaper in Education programs
(San
Francisco, CA September 22, 2000) Use The News Foundation is pleased to
announce the Individual Gift and Vacation Donation Programs, 501(c)3 fiscal sponsor
services. The new services make it possible for newspapers to expand nonprofit
donation options to include multiple individual gifts of varying sizes, including
vacation donations. The programs are being offered in response to inquiries from
newspaper subscribers regarding the tax deductibility of these types of gifts.
The
Individual Gift and Vacation Donation Programs offer new fiscal sponsor initiatives
to newspapers wishing to expand their donor base of Newspaper in Education (NIE)
supporters. The newspaper receives donations as the agent of Use The News (UTN)
Foundation.
The
Foundations programs provide nonprofit tax-deductible options to newspaper
subscribers wishing to make vacation donation gifts to their newspaper. The Vacation
Donation Program encourages readers to donate the use of their subscription to
their newspapers NIE program while they are away on vacation.
The
Individual Gift Program benefits those wishing to make a personal contribution
in support of their newspapers NIE program. The new fiscal sponsor service
makes it possible to expand nonprofit donation options to include multiple individual
gifts of varying of sizes.
Use
The News Foundation is a longtime advocate for the use of newspapers in the teaching
and learning process, says Dr. Betty L. Sullivan, President of UTN Foundation.
UTN Foundation was prompted to explore the development of these two new
levels of service as a result of questions from forward-thinking NIE and circulation
managers.
To
encourage donations, UTN Foundation is waiving its usual 10% contribution fee
for the two new services. Fees are dependent upon the tailoring of the programs
for each newspaper and the specific Foundation services that will be used. The
Foundation processes the donations, maintains verification data and sends appreciation
acknowledgment letters to donors.
About
Use The News Foundation
Use
The News Foundation was established in August 1998 as a nonprofit benefit corporation
that fosters partnerships with schools, NIE programs and their business sponsors.
The Foundations services have been used in seven countries and by more than
700 newspapers and their NIE programs in the United States, reaching more than
67,000 classrooms.
UTN
Foundation provides fiscal sponsorship that aids NIE programs in the receipt of
tax-deductible donations for their educational work. Foundation staff provides
technical assistance on strategies, grant proposal development, identification
of partners and project verification for NIE programs. The Foundation provides
training and consulting services on a variety of fundraising themes. It has also
assisted a number of newspapers in obtaining grants for special projects.
Founders
of UTN Foundation include Dr. Betty L. Sullivan, Dr. Edward F. DeRoche and Dr.
Sherrye Dee Garrett. A complete list of officers and members of the Board of Directors
is available upon request.
For
more information about Use The News Foundation,
call (415) 503-1375 or e-mail at bettysnie@aol.com.