A Controversial Provision Requires Charities to Tell IRS About Misdeeds of Top Officials
The Internal Revenue Service is seeking help from some unusual quarters as it enforces a law designed to punish ALSO SEE:Falling Through the CracksCharity Gets Help From IRS in Dealing With Missing FundsHow ’96 Law on Financial Abuses Has Been Applied by IRS in Four Cases charity executives and…
By Elizabeth Schwinn
Contributor
IRS pursues few corrupt charities despite tough federal lawA federal law that was supposed to crack down on charity officials who reaped undue financial benefits from ALSO SEE:A Controversial Provision Requires Charities to Tell IRS About Misdeeds of Top OfficialsCharity Gets Help From IRS in…
By Elizabeth Schwinn
Contributor
Lutheran Services Seeks to Raise Profile, Quietly
On a recent business trip, Jill A. Schumann, president of Lutheran Services in America, told the man ALSO SEE:DATABASE: Philanthropy 400 results from 1998-2002The Tide TurnsDoing the Numbers: How The Chronicle’s Philanthropy 400 Was CompiledHabitat for Humanity Seeks to Build Bigger DonorsFocus on…
By Elizabeth Schwinn
Contributor
Policy Change Means Some Get More Relief
Last year’s decision to ease the federal policy on providing disaster relief has created a disparity in the amount of money given to the families of those killed in last year’s terrorist attacks, according to an official at the New York State Attorney General’s Office. Following concern about slow…
By Elizabeth Schwinn
Contributor
Decisions on Election Activity Meet With Mixed Reactions
Washington The Federal Election Commission has stepped back from regulating charities’ political advertising, leaving it to the Internal Revenue Service to decide whether such ads violate the federal ban on electioneering by charities. At the same time, an effort in Congress to allow churches to…
By Elizabeth Schwinn
Contributor
IRS Releases Study on Charitable Trusts
The Internal Revenue Service says it received 99,869 informational tax returns in 1999 from charitable remainder trusts, a popular form of planned gift. That’s an increase of 14,809 over 1998, the first year the IRS published a study of the trusts. Of the total returns in 1999, 21,630 were filed by…
By Elizabeth Schwinn
Contributor
Request for Nonprofit Information Denied
The U.S. District Court for the District of Columbia has denied a request by a publisher of tax documents and other information for copies of IRS rulings that deny or revoke a charity’s tax-exempt status. Tax Analysts asked the IRS last year for copies of the rulings, which it said are of interest…
By Elizabeth Schwinn
Contributor
IRS to Focus on Audits, Electronic Filing
The Internal Revenue Service next year aims to complete plans for online filing of informational tax returns, conduct more audits of charities, and improve the way it shares information with states, according to guidelines adopted by the tax agency’s charity regulators. Charities will be able to…
By Elizabeth Schwinn
Contributor
Rule Could Exempt Charities From Ban on Campaign Ads
The Federal Election Commission this month proposed rules that could exempt most charities from an advertising prohibition contained in the new campaign-finance law. The commission has asked charities and others to submit their views on the proposals. The new law bars organizations from running ads…
By Elizabeth Schwinn
Contributor
Retired CEO supports array of programs for youthsAtlanta Arthur M. Blank’s suit is so crisp, his mustache so carefully trimmed, he could step onto a stage set. He doesn’t look ALSO SEE: Rolling Up His Sleeves Master Plans for Giving The Arthur M. Blank Family Foundation: A Sampling of 2001 Grants…
By Elizabeth Schwinn
Contributor