Ruling Could Mean Millions in Taxes for N.J. Hospitals
A New Jersey judge sided with the town of Morristown in its yearslong effort to assess property taxes on a local nonprofit hospital, ruling that the medical center had significantly intermingled for-profit and charitable activities, NJ Spotlight reports.
Thrift-Store Firm to Donate $1.8 Million in Minn. Settlement
International secondhand retailer Savers will pay $300,000 each to six Minnesota partner nonprofits and make its fundraising methods more transparent to settle a court fight with the state’s attorney general, the Star Tribune reports.
U.K. Charity Watchdog Mulls Charging Groups for Regulation
Britain’s Charity Commission might seek to levy a fee on nonprofits to offset some of the cost of policing the sector, a move that would see some donor funds going into regulation but that appears to have strong public support, The Independent and The Guardian write.
Del. Lawmakers Cut Nonprofit Funds to Balance Budget
The state General Assembly’s budget panel finished work Wednesday on a $3.9-billion spending plan that achieves balance in part by slicing grant money for nonprofit and community groups by 5 percent, reports the Associated Press.
N.M. Charity Under Investigation Claims Abuse by Regulator
United South Broadway Corp., a foreclosure-prevention nonprofit whose spending New Mexico wants to audit, filed a lawsuit alleging that an assistant state attorney general bullied its staff and harassed a female employee, the Santa Fe New Mexican writes.
Colleges Are on a Building Spree as Endowment Gains Pick Up
Major universities are embarking on multibillion-dollar expansions on the back of positive financial trends and sharpening competition for top faculty and students, according to The Wall Street Journal.
L.A. Advances Minimum-Wage Exemption for Job-Training Groups
A Los Angeles City Council committee approved a proposal Tuesday to temporarily shield nonprofits that help hard-to-employ residents get into the work force from an upcoming minimum-wage increase, the Los Angeles Times reports.
Calif. MS Charity That Played Key Research Role to Shut Down
The Myelin Repair Foundation, which pioneered new ways to speed promising multiple-sclerosis treatments into clinical trials, announced Monday that it will close at the end of August because fundraising is not keeping up with costs, San Francisco Business Times reports.
Nev. Tax on Tickets for Big Events Won’t Spare Nonprofits
Nevada lawmakers have approved a 9-percent tax on admissions to major live entertainment events in the state, including those like the freewheeling Burning Man festival that are run by nonprofit groups, reports the Associated Press.
Deal to Keep Private Va. College Open at Least 1 More Year
Virginia Attorney General Mark Herring announced a settlement Saturday that, pending court approval, will avert the planned closure of Sweet Briar College for at least another academic year, The Chronicle of Higher Education and The New York Times report.
IRS Advisory Panel Calls for Mandatory Electronic Filing of Form 990s
The group also recommended a review of the informational tax form to see if it needs revisions.
Pittsburgh Museum Hires New Director After 3-Year Vacancy
Eric Dorfman of New Zealand’s Whanganui Regional Museum will take up the struggling Carnegie Museum of Natural History’s efforts to stem red ink and boost attendance with more visitor-friendly exhibitions, the Pittsburgh Post-Gazette reports.
New York Fundraisers Are Bullish on 2015 Giving Picture
A majority of nonprofit fundraisers in the New York City area are optimistic about the donor climate and expect their organizations to boost development staffs this year, according to a Crain’s New York Business survey of development professionals.
Bill Clinton Could Quit Foundation if Hillary Elected
In an interview Wednesday at the Clinton Global Initiative conference in Denver, the former president said he will exit the charity he founded after leaving the White House if Hillary Clinton is elected president and asks him to step down, Bloomberg and the Associated Press report.
Va. Court Blocks Controversial Closure of Private College
The Supreme Court of Virginia has put a temporarily hold on plans to shutter Sweet Briar College, buoying students and alumni who have rallied to keep the 114-year-old women’s school open, reports The Wall Street Journal.
How to Budget for Fundraising Growth
Extensive research has shown that budgeting more for administrative costs in the development office results in substantially greater contributions.