IRS Handbook Offers Advice on Benefits, Forms
The IRS is giving its agents new suggestions on how to handle a range of issues that may arise during charity audits and other reviews. Among the nine topics discussed by the tax agency: recent developments in law and regulations governing federal policy for charities that pay excess compensation…
By Debra E. Blum
Contributor
IRS to Step Up Charity Regulation
The Internal Revenue Service, which has been under fire from Congress, charity leaders, and tax lawyers for failing to do enough to regulate tax-exempt groups, plans to dramatically increase its efforts next year. In detailed new “implementing guidelines” adopted by the tax agency’s charity…
By Elizabeth Schwinn
Contributor
Former Editor Continues Pursuit of Excellence –Â in Philanthropy
As an editor of The Wall Street Journal, Adam Meyerson was dedicated ALSO SEE:About Adam Meyerson, President of Philanthropy Roundtable to telling company managers how they could succeed in business. Today, Mr. Meyerson, 48, is a manager himself as the newly appointed president of the Philanthropy…
By Ian Wilhelm
Contributor
Drop in Assets Prompts Cuts in Freedom Forum’s Activities
A 30-percent erosion in the value of the Freedom Forum’s assets in the past two years has prompted plans to consolidate its offices and trim its staff. The foundation, which runs the Newseum, an interactive news-media museum in Arlington, Va., as well as programs for journalists, said it would…
By Stephen G. Greene
Contributor
‘Bloomberg Personal Finance’: Advice for Donors
The November issue of Bloomberg Personal Finance magazine features a collection of articles on philanthropy designed to help donors take advantage of a wide range of giving options. Among the articles in the issue: Giving circles, which operate a lot like investment clubs, are growing in…
By Ian Wilhelm
Contributor
‘Washington Monthly’: AmeriCorps’s Future
The federal government’s AmeriCorps program, which provides college-age Americans with opportunities to work at nonprofit organizations, should be turned into a larger effort to make either civilian or military national service a “rite of passage” for young people, writes Sen. John McCain,…
By Ian Wilhelm
Contributor
Bits: Job Openings by E-Mail, and an Archive of Politicians’ Promises
A new e-mail notification service publicizes job openings in nonprofit technology. It is run by Deborah Elizabeth Finn of TechFoundation, in Cambridge, Mass. To subscribe: Go to http://groups.yahoo.com/group/Nonprofit_Tech_Jobs. The California Voter Foundation has added an Archive of Campaign…
By NICOLE WALLACE
Features Editor
New Reports EvaluateTechnology Tools
Several organizations have published reports about nonprofit technology issues: PolicyLink, a research organization in Oakland, Calif., says in a report that if technology is to strengthen poor neighborhoods, organizations working to bridge the digital divide need to expand their efforts beyond…
By NICOLE WALLACE
Features Editor
Online Course Offered for Charity Managers
CompassPoint Nonprofit Services, a nonprofit organization in San Francisco that provides management assistance to other charities, has introduced its first online course, “Budgeting for Programs and Proposals.” The course features interactive learning exercises and is designed so that students can…
By NICOLE WALLACE
Features Editor
74 Organizations Awarded Federal Technology Grants
The U.S. Department of Commerce’s Technology Opportunities Program has awarded grants totaling $42.8-million to 74 nonprofit organizations and state and local governments. Since 1994, the program has awarded grants for innovative technology projects in education, health care, economic development,…
By NICOLE WALLACE
Features Editor
Regulators Urged to Adapt to New Breed of Charities
Baltimore State officials have not kept up with the sweeping changes in the nonprofit landscape, a Johns Hopkins University scholar told a meeting of state charity regulators held here last week. “There is a significant mismatch between the nonprofit sector as it now exists and what you’ve been…
By Michael Anft
Contributor
What’s Exempt From the Federal Tax on Charities’ Unrelated Business Income
DONATED GOODS AND SERVICES Income from activities in which at least 85 percent of the work involved in generating the revenue is conducted by volunteers. Income from the sale of merchandise at least 85 percent of which was donated to the nonprofit group. Example: revenue from Salvation Army or…
Nonprofit groups reap billions in tax-free income annuallyOver the past five years, the Sesame Workshop, the nonprofit group ALSO SEE:A Boom in Charities’ Business IncomeWhat’s Exempt From the Federal Tax on Charities’ Unrelated Business Income that created the “Sesame Street” television program,…
By Harvy Lipman
Contributor
Community Foundations’ Assets, Gifts, and Grants in 2000
Market Value of Assets ALSO SEE: Cultivating Philanthropy Overseas Community Funds Down Under Tackle Issues Facing Rural Areas Community Foundations Across Eastern Europe Advance ‘Step by Step’ Faltering Economy Slows Asset Growth at Community Foundations Top 50 1. New York Community Trust…
American Bible Society (New York): Appointed Liliana Nealon, executive director ALSO SEE:Former Editor Continues Pursuit of Excellence -- in Philanthropy and treasurer of global trading at American Express Bank (New York), to be chief financial officer and senior vice president of finance and…
American Red Cross (Washington): Appointed Michael D. Farley, chief executive officer of the American Red Cross-St. Louis Area Chapter, to be vice president for chapter fund raising. American Red Cross-Southeastern Pennsylvania Chapter (Philadelphia): Appointed Barbara Biggs, an attorney at Morgan…