Monday, October 31, 2005

Philanthropy Journal-Your online source for news about nonprofits, social issues, and policy change - newsarticle

Philanthropy Journal-Your online source for news about nonprofits, social issues, and policy change - newsarticle: "Supporting organizations face stiff regulation

Regulatory changes to go beyond heightened enforcement, Grassley says.

10.31.2005 -

By Ret Boney

The Senate Finance Committee likely will introduce nonprofit reforms aimed at curbing abuses among certain kinds of tax-exempt groups, the committee's chair said.

'In general the reforms will focus on better transparency and improving board governance, particularly on self-dealing and high salaries,' Sen. Charles Grassley chair of the committee, told a group of nonprofit CEOs at a recent conference."

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