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A contribution to a charitable organization need not be fully a "gift" in the statutory sense of the word to be deductible to the donor. The donor's allowable deduction will be reduced, however, by the amount of the "substantial benefit" conferred upon them as a result of their contribution. [1]
An in-kind contribution is a non-cash contribution of goods or a service. Those are either offered free or at less than usual charge for them. [2] Similarly, when a person or entity pays for services on the committee’s behalf, the payment is also considered as an in-kind contribution.
NSF joined with other federal agencies in the National Nanotechnology Initiative, dedicated to the understanding and control of matter at the atomic and molecular scale. NSF's roughly $300 million annual investment in nanotechnology research was still one of the largest in the 23-agency initiative. In 2001, NSF's appropriation passed $4 billion.
Gifts in kind, also referred to as in-kind donations, is a kind of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given. Gifts in kind are distinguished from gifts of cash or stock. Some types of gifts in kind are appropriate, but others are not. [1]
An example is a program for teaching reading in grades K-3. A “response history” is maintained on each student and continually updated. Built into the program is a model of the learning process that analyzes each student's response history to make moment-by-moment decisions as to what should be studied next to optimize the student's ...
In philanthropic giving, foundations and corporations often give money to non-profit entities in the form of a matching gift. [2] Corporate matches often take the form of employee matching gifts, which means that if an employee donates to a nonprofit, the employee's corporation will donate money to the same nonprofit according to a predetermined match ratio (usually 1:1).
NSF did not monitor the content of traffic that was sent over NSFNET or actively police the use of the network. Further, NSF did not require Merit or the regional networks to do so. NSF, Merit, and the regional networks did investigate possible cases of inappropriate use, when such use was brought to their attention. [31]
Considered to be one of the highest honors granted by the National Science Foundation, the award program was criticized in 1990 as not being the best use of NSF funds in an era of tight budgets. [3] [4] At least one awardee has also won a Nobel Prize. For example, Frances Arnold, winner of this award in 1989, won the Nobel Prize in Chemistry in ...