Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Good Works: Northwestern, WellPoint, Humana, U.S.-Dutch Donor Fund

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

Parents should consider talking more to children about the causes they support and the efforts they make to support those causes.

The Northwestern Mutual Foundation, an affiliate of Northwestern Mutual Life Insurance Company, Milwaukee, makes that case in a commentary based on results from an informal survey of 1,011 children who visited the foundation’s financial literacy website, Themint.org, in November and December.

Children who visit a financial literacy would seem likely to be more aware of their family’s finances than most other children, but only 23% said their parents talk about the causes and organizations they support.

Only 36% of the children said they know what their parents do to support favorite causes.

About 18% of the children said their parents donate volunteer time, and 10% said their parents donate money.

In other philanthropic news:

- The Colorado arm of WellPoint Inc., Indianapolis (NYSE:WLP), which does business under the name Anthem, says it and its corporate foundation gave about $605,000 to Colorado charities and civic groups in 2010.

Anthem employees in Colorado contributed a total of about $151,000, and the corporate foundation in the state provided about $75,000 in matching contributions.

- Humana Inc., Louisville, Ky. (NYSE:HUM), is marking the completion of its acquisition of Concentra Inc., Addison, Texas, by giving a total of $100,000 to communities served by Concentra health care facilities.

Concentra operates medical centers in 42 states and about 240 worksite clinics.

The nonprofit groups that received grants related to the completion of the Concentra deal include the Make a Wish Foundation Georgia, Atlanta; Metropolitan Family Services, Chicago; Special Olympics Texas, Dallas; the Patrick Dempsey Center for Cancer Hope and Healing, Lewiston, Maine; and Junior Achievement of Arizona, Tempe, Ariz.

- CAFAmerica, Alexandria, Va., an organization that helps set up vehicles that promote international philanthropy, says its CAF American Donor Fund is now recognized as an “Algemeen Nut Beogende Instelling” by Dutch tax authorities.

The designation means taxpayers in the United States, the United Kingdom and the Netherlands can use the fund to make charitable gifts that qualify for tax deductions in all three countries, CAFAmerica says.

Because top tax rates are higher in the Netherlands than in the United States, the deduction could be especially helpful to Dutch taxpayers who want to make tax-deductible charitable gifts to U.S. organizations, such as U.S. colleges and universities, CAFAmerica says.

- Allison Bell

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.