VENTURE PHILANTHROPY ON A ROLL

David T. Leibell and Daniel L. Daniels, principals in Cummings & Lockwood LLC in Stamford, Conn., report: The Internal Revenue Service has approved another venture philanthropy strategy this one for establishing a new business and pre-seed capital fund in an economically depressed area, in conjunction with the local community college. Continuing what appears to be a trend of positive rulings on venture