Washington Post: A Sharper Eye on Nonprofits – Senate Panel Examines Ways to Curb Abuses In Giving, Receiving New York Times: Official Cites Tax Abuses With Charities The Chronicle of Philanthropy: Nonprofit Abuses Cost Federal Government Billions of Dollars, IRS Chief Tells Senators Click here for full transcript of...
Congressional Hearing on Charities and Charitable Giving: Proposals for Reform – April 5, 2005
Opening Remarks of Sen. Chuck Grassley of Iowa This is a hearing on two important subjects. The first is strengthening the role of charities in this country. The second is closing the tax gap as it relates to charities and charitable giving. ...
Field Meeting of the Panel on the Nonprofit Sector – San Francisco, March 30, 2005
In preparation for the Panel’s Final Report to the Senate Finance Committee, due in June 2005, the Panel has begun holding field meetings throughout the country. On March 30, the Panel’s Executive Director, Diana Aviv, was in San Francisco to engage in a discussion with local leaders of nonprofit...
Supporting Organizations Under Attack
ABC News ("Wealthy Cash In on Charity Tax Loophole," March 24, 2005) reported that Senate Finance Committee Chairman Chuck Grassley, R-Iowa, stated that supporting organizations are increasingly misused by the wealthy. Reportedly, Grassley said, "Quite frankly, nothing more than a parking place for billions of dollars of assets...
Michael O’Neill Symposium: The Future of Philanthropy – March 23, 2005
Michael O’Neill, professor of nonprofit management, founder and former director of the Institute for Nonprofit Organization Management, and author of Nonprofit Nation: A New Look at the Third America, delivered a symposium titled "The Future of Philanthropy" at USF. O’Neill made the following 10 predictions for the next 25...
Bush Administration No Longer Supports Charitable Deduction to Taxpayers Who Do Not Itemize Deductions
The Chronicle of Philanthropy (March 17, 2005) reported that the Bush administration no longer supports legislation that would provide a charitable deduction to taxpayers who do not itemize deductions on their tax returns. According to the Chronicle, the Bush administration had previously supported the deduction for people who do...
Nonprofits in the News – Bay Area – March 9-10, 2005
The March 10, 2005 issue of the San Francisco Chronicle included an article entitled “$1.1 million in dubious spending by nonprofits.” The article stated that state auditors called into question more than $1.1 million in spending from state grants and that they concluded that the state lacks adequate safeguards...
California Association of Nonprofits Event “Now What? Turning Adversity into Opportunity” – March 8-9, 2005 – Day Two
The highlights: CAN Executive Director Flo Green asserted that the key to public accountability of nonprofits is standardized, quality financial reporting. She introduced CAN’s Nonprofit Quality Reporting Initiative with its Unified Chart of Accounts as a starting point to make accountability a greater emphasis to leaders of nonprofits and...
California Association of Nonprofits Event “Now What? Turning Adversity into Opportunity” – March 8-9, 2005 – Day One
The highlights: Ed Howard, Chief Consultant, Senate Government Modernization Efficiency and Accountability Committee, invited attendees to send him e-mails with proposed changes in the Code as a vehicle for initiating changes in state law to assist the nonprofit community. David Muraki, Deputy Director, California Service Corps, described the State’s...
Panel on the Nonprofit Sector – March 1, 2005 Interim Report to U.S. Senate Finance Committee
The Panel on the Nonprofit Sector, convened by the Independent Sector and comprised of leaders of various nonprofit organizations , issued an Interim Report to the U.S. Senate Finance Committee on March 1, 2005 calling upon the nation’s 1.3 million charities and foundations to implement a series of measures...