Nonprofits' Panel Urges Enhanced Oversight of Charities, Increased Transparency: "Nonprofits' Panel Urges Enhanced Oversight of Charities, Increased Transparency
March 2, 2005
The Panel on the Nonprofit Sector, a Washington, D.C- comprised of nonprofit organizations across America, has proposed to the U.S. Senate Finance Committee a series of recommendations to open up the financial operations of charitable organizations to more public scrutiny and improve the federal government's oversight of nonprofits.
The panel called upon the nation's 1.3 million charities and foundations to improve their governance and financial disclosure. It also suggested enhancing government oversight of charitable organizations through actions by Congress and the Internal Revenue Service."