Panel on the Nonprofit Sector Releases Supplemental Report

On April 24, 2006, the Panel on the Nonprofit Sector, a coalition of nonprofit and philanthropic leaders, released a Supplemental Report that recommends actions by Congress, the IRS, and charitable organizations.  The Supplemental Report is a companion to the Panel’s Final Report delivered to Congress in June of 2005.

The Supplemental Report recommends actions in the following nine areas:

  1. International Grantmaking
  2. Charitable Solicitation
  3. Compensation of Trustees of Charitable Trusts
  4. Prudent Investor Standard
  5. Nonprofit Conversion Transactions
  6. Taxation on Sales of Donated Property
  7. Consumer Credit Counseling Organizations
  8. Disclosure of Unrelated Business Activities
  9. Federal Court Equity Powers and Standing to Sue