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Result: Thanks significantly to accounting, HHV's fundraising efficiency the percent of donations remaining after fundraising jumped from 59% two years ago to 73% in fiscal 2006.
According to the Tribune, the group has a balance of about $18 million in donations remaining after spending some $13 million on its own activities during the summit.
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After all, legacy donations remain the primary way of funding charitable activities.
Tax breaks for the donations remain largely unchallenged, and unexamined by the American government.
While donations remain legal, fear of this reputational damage is one of the things that helps keep politicians honest.
Donations remain strong, said Michael M. Kaiser, president of the John F. Kennedy Center for the Performing Arts in Washington, who is advising the company gratis.
The New York Times reported recently that the groups had collectively already raised more than $52 million, meaning that the bulk of their donations remain undisclosed.
Maryann Slutsky, director of financial development for the Nassau County chapter of the American Red Cross, said donations were down 50percentt in the last 18 months, adding that while individual donations remain steady, corporations are cutting back.
For lesser elite schools like Duke, with an endowment of "only" $6 billion, donations remain a critical part of the business, especially given the zero-sum nature of a lot of the competition among elite universities.
Recently, Mr. Icahn, who for years has spent some of this fortune collecting Impressionist and western art, has also increased his charitable efforts, though his donations remain small compared with his multibillion-dollar fortune.
He added there were real "opportunities" to "capitalise on the good will" of local people and organisations, while making sure private hire of policing, sponsorship and donations remain transparent.
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