52 Top Executives Are Paid at Least $1-Million
When the Internal Revenue Service announced last month that it plans to ask charities that pay their chief executives ALSO SEE:Big Nonprofit Salaries Face Government Scrutiny» Related table: Nonprofit Groups That Paid Top Officials $1-Million or More $1-million or more to justify how they set…
By Harvy Lipman
Contributor
Senate Committee to Hold Hearing on Charities
Amid growing Congressional criticism of how charities operate, the Senate Finance Committee last week announced that it plans to hold a hearing on June 22 to discuss proposals to tighten regulation of nonprofit organizations. The chairman of the committee, Sen. Charles R. Grassley, Republican of…
By Harvy Lipman
Contributor
Big Gifts and Rising Stocks Fuel Growth
Database: View how endowment investments fared at 160 nonprofit organizationsDatabase: 717 college and university endowments Related articles: View all of the advice and commentary from this special supplement on endowments
By Harvy Lipman
Contributor
Measuring Endowments: How the Survey Was Conducted
Related articles: View all of the advice and commentary from this special supplement on endowments
By Harvy Lipman
Contributor
Changes to Nonprofit Advocacy Rules Not Expected Before Election Day
Washington After two days of hearings this month, the Federal Election Commission appears unlikely to take any action before Election Day on a proposal that would restrict nonprofit groups’ ability to comment on public-policy issues during an election campaign. The proposal under consideration…
By Harvy Lipman
Contributor
Campaign-Finance Rules Might Be Applied to Charities
The Federal Election Commission is weighing whether to apply new campaign-finance limits to nonprofit groups -- a proposal an FEC spokesman said has drawn more than 30,000 letters from supporters and opponents. Supporters of the idea say new rules are needed to prevent abuses. But many nonprofit…
By Harvy Lipman
Contributor
Directors of N.Y. Foundation Return $1.5-Million in Pay
Six directors of the Grand Marnier Foundation have paid a total of $1.5-million to the New York attorney general’s office to settle a lawsuit that accused them of having paid themselves excessive compensation over a 10-year period. The state will hold the money in escrow until the foundation gives…
By Harvy Lipman
Contributor
Campaign-Finance Decision Allays Nonprofit Concerns
Many nonprofit groups have expressed relief that a Federal Election Commission decision does not subject their public-policy statements to the finance limits imposed on political committees. Such groups had worried that the limits would restrict their ability to speak out on issues, such as…
By Harvy Lipman
Contributor
Several States Are Reviewing Loans Charities Made to Their Officials
The Minnesota attorney general’s office is investigating several nonprofit organizations that were identified by The Chronicle in a February 5 report as having made loans to their top officials, and charity regulators in at least four other states have begun reviews of organizations based on the…
By Harvy Lipman
Contributor
California Regulator Proposes Charity Rules
California Attorney General Bill Lockyer has asked the state’s Legislature to pass several new laws to strengthen the state’s oversight of nonprofit groups and commercial fund raisers. The proposals would require nonprofit organizations with annual revenue of $500,000 or more to prepare financial…
By Harvy Lipman
Contributor