djournal.com: "SANDI PULLEN BEASON: Take note - major change for nonprofits coming soon
3/6/2006 8:34:47 AM
Daily Journal
If you work for a nonprofit, pay attention. Major changes could be coming your way soon.
Both houses of Congress are working to finalize parts of the Tax Relief Act of 2005. Among the restrictions included in the Senate bill are measures that would:
- Require larger nonprofits to meet certification requirements on unrelated business income;
- Prohibit donor advised funds at community foundations from making grants to agencies that don't meet certain legal requirements; and"
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