Nonprofit Group Trims Research Unit
Washington Independent Sector, a coalition of 600 charities and foundations, has announced that it plans to greatly reduce the amount of original research that it conducts and concentrate instead on ensuring that work done by academic and other researchers is distributed throughout the nonprofit…
Local charities seek out best ways to expand nationallyFrom the time she founded her nonprofit group, Alice Korngold wanted her ideas to spread across the country. And now, after years of planning, they are. In 1993, she started Business Volunteers Unlimited, as an effort to match the skills of…
Nonprofit Accountability and Federal Law: Sources of Information
ALSO SEE:Redefining Good GovernanceThe Sarbanes-Oxley Law: Key RequirementsStates Propose New Accountability Regulations for Nonprofit GroupsInternal-Controls System May Prove Costly American Institute of Certified Public Accountants. Its Web site has a summary of the federal Sarbanes-Oxley law,…
Internal-Controls System May Prove Costly
By Michael Anft and Grant Williams As a growing number of nonprofit groups choose to follow the Sarbanes-Oxley Act -- the two-year-old landmark ALSO SEE:Redefining Good GovernanceThe Sarbanes-Oxley Law: Key RequirementsStates Propose New Accountability Regulations for Nonprofit GroupsNonprofit…
States Propose New Accountability Regulations for Nonprofit Groups
Several states have proposed new requirements for nonprofit groups aimed at ensuring greater financial ALSO SEE:Redefining Good GovernanceThe Sarbanes-Oxley Law: Key RequirementsInternal-Controls System May Prove CostlyNonprofit Accountability and Federal Law: Sources of Information accountability.…
The Sarbanes-Oxley Law: Key Requirements
Following are major elements of the 2002 federal law designed to heighten corporate accountability. ALSO SEE:Redefining Good GovernanceStates Propose New Accountability Regulations for Nonprofit GroupsInternal-Controls System May Prove CostlyNonprofit Accountability and Federal Law: Sources of…
Charities make big changes to improve accountabilityLeaders at many of the nation’s charities and grant makers have started to make sweeping changes in how they ALSO SEE:The Sarbanes-Oxley Law: Key RequirementsStates Propose New Accountability Regulations for Nonprofit GroupsInternal-Controls…
Following are summaries of recent reports by the BBB Wise Giving Alliance. This private group reports on whether charities meet standards for fund raising, governance, financial management, and public information. The alliance does not approve or disapprove of charities, and urges potential donors…
AARP (Washington): Appointed Jerry Florence, associate executive director for membership, also to be director of the AARP ALSO SEE:Nonprofit Group Trims Research Unit Foundation (Washington). Alliance for Excellent Education (Washington): Announced the resignation of Susan Frost, president. Ms.…
The IRS has released a memorandum on credit-counseling organizations that concludes that many organizations do not meet the standards for receiving tax exemptions. The memorandum, released by the IRS chief counsel, is essentially a blueprint to help auditors and others in the IRS decide when to…
A Breakdown of Donations as Planned Gifts
Q. I read somewhere that a significant percentage of donations are planned gifts. What’s the exact number? A. Bequests accounted for 9 percent of all giving in the United States in 2003, or an estimated $21.6-billion, according to “Giving USA,” an annual report on charitable giving in the United…
An effective corporate-sponsorship package is all about bottom-line results.
Five Tips for Keeping a Small Charity Out of Legal Hot Water
IN THE TRENCHES By Rebecca Gardyn Hoping to raise money, a human-services charity in Massachusetts sponsored a canoe race several years ago ALSO SEE:Resources on Legal Issues for Nonprofit Groups on the Charles River. During the festivities, some of the participants drank alcohol, and their craft…
Resources on Legal Issues for Nonprofit Groups
IN THE TRENCHES Nonprofit organizations that use naiveté or a lack of resources as excuses for their ALSO SEE:Five Tips for Keeping a Small Charity Out of Legal Hot Water illegal blunders are no longer met with sympathetic ears. “Increasingly, the contributing public expects nonprofits to be…