Tougher regulations a small price to preserve funding, non-profits say

Tougher regulations a small price to preserve funding, non-profits say: "Tougher regulations a small price to preserve funding, non-profits say

By Erin Morain
erinmorain@bpcdm.com


Corruption and scandals have put businesses such as WorldCom Inc. and Enron Corp. in the headlines for everything from embezzlement to accounting fraud, and landed some executives in prison.

In the aftermath, the federal government clamped down on the corporate world through tougher regulations. Now, legislators are casting a suspicious glance on the non-profit sector as well. Under the leadership of Sen. Charles Grassley, members of Congress are pushing for new regulations intended to increase the accountability of non-profit organizations and protect the financial interests of taxpayers and charitable donors."