Monday, June 29, 2009

Texas Adopts Law on Stewardship of Trusts After Founders Die - NYTimes.com

Texas Adopts Law on Stewardship of Trusts After Founders Die - NYTimes.com: "Texas has adopted a law intended to ensure that so-called orphan trusts, which are left under the stewardship of lawyers or banks after their founders have died, continue to comply with the founders’ wishes."

Monday, June 22, 2009

Change rules for charity raffles | Penn State News | Opinion - Centre Daily Times

Change rules for charity raffles | Penn State News | Opinion - Centre Daily Times: "While the push mounts for table games and the opening of the remaining large casinos in the state, the General Assembly appears to have forgotten our charitable organizations.

Constant fundraising is a necessity for most charitable organizations and even more so during the current downturn.

As anyone who has ever been to a charitable raffle or bingo night knows, “small games of chance” are a vital revenue source for many non-profits, including fire departments and rescue squads."

Friday, June 19, 2009

Mollis Reminds Nonprofits That Deadline Nears for Filing Annual Reports - PBN.com - Providence Business News

Mollis Reminds Nonprofits That Deadline Nears for Filing Annual Reports - PBN.com - Providence Business News: "PROVIDENCE, R.I. (June 19, 2009) – Secretary of State A. Ralph Mollis is reminding thousands of nonprofit corporations that they must file 2009 annual reports with his office by the end of the month. More than 6,700 nonprofits ranging from hospitals and social service agencies to Little Leagues and condo associations are subject to the"

Wednesday, June 17, 2009

Charity regulations Signed by Gov. Rell - George Gombossy | CT Watchdog

Charity regulations Signed by Gov. Rell - George Gombossy | CT Watchdog: "Bill Provides Financial Relief to Smaller Charities; Provides Greater Regulation of Charities Using Paid Solicitors

Governor M. Jodi Rell today signed into law a bill that helps smaller charities keep more of the money they raise by eliminating the requirement for an audit while ensuring that they are still subject to state oversight. The bill also regulates to a greater degree charities that use paid solicitors."

Tuesday, June 16, 2009

Loss of Charitable Gaming Revenue Could Hurt Nonprofits | New Hampshire Public Radio

Loss of Charitable Gaming Revenue Could Hurt Nonprofits | New Hampshire Public Radio: "The Granite State Coalition Against Expanded Gambling says that if the plan becomes law, the competition would undermine charitable gaming revenues.

And many nonprofits say they rely heavily on gambling to fund their services"

Friday, June 12, 2009

UnionLeader.com - New Hampshire news, business and sports - Bob Backus: Balance the budget with an estate tax on the wealthiest - Friday, Jun. 12, 2009

UnionLeader.com - New Hampshire news, business and sports - Bob Backus: Balance the budget with an estate tax on the wealthiest - Friday, Jun. 12, 2009: "And then there is the estate tax. This is a tax that people too often do not think about rationally. It is derided as a 'death tax.' Why dying should be any less a trigger for a revenue charge than buying property is never explained. In any event, the tax does not fall on the person who died, obviously, but on that person's estate."

Thursday, June 11, 2009

Guidance on Fundraising by Registered Charities(C anada)

Guidance on Fundraising by Registered Charities: "Guidance
Fundraising by Registered Charities

Reference number
CPS – 028

Effective date
June 11, 2009"NP

Legislators eliminate requirement for nonprofits to list property assets – OregonLive.com

Legislators eliminate requirement for nonprofits to list property assets – OregonLive.com: "Nonprofits whose real property is exempt from taxation will have a lot less paperwork next year, thanks to a bill that recently cleared the state Legislature.

The organizations will no longer have to list personal property assets as part of their application for tax-exempt status, eliminating the annual Confidential Personal Property Return on tax-exempt property."

Wednesday, June 10, 2009

massnonprofit.org ::-Nonprofits Have Tight Timeframe to Comply with New Privacy Law

massnonprofit.org ::: "Massachusetts enacted a privacy law earlier this year designed to protect state citizens’ personal information. Along with for-profit businesses, the state’s nonprofits must rethink data access, storage, and encryption to meet full compliance by January 1, 2010."

Tuesday, June 09, 2009

Legislation and regulation hindering non-profit sector: report | rabble.ca

Legislation and regulation hindering non-profit sector: report | rabble.ca: "Non-profit regulation and legislation are so complex that even senior third sector leaders – apart from a handful of charity law lawyers – don’t understand it well, according to a new report published by the Wellesley Institute in Toronto."

Monday, June 08, 2009

Bad economy may blunt effort to ease death taxes | Rhode Island news | projo.com | The Providence Journal

Bad economy may blunt effort to ease death taxes | Rhode Island news | projo.com | The Providence Journal: "PROVIDENCE — If a Massachusetts resident dies leaving behind real estate, savings and other assets worth, say, $750,000, there is no tax due.

If a Connecticut resident leaves the same-size estate, there is no tax due.

But if a Rhode Islander leaves a $750,000 estate, the state may claim the first $20,400 in taxes; heirs and other beneficiaries receive the remainder."

Thursday, June 04, 2009

Obama Nominates GOP's Jim Leach to Lead National Endowment for the Humanities - washingtonpost.com

Obama Nominates GOP's Jim Leach to Lead National Endowment for the Humanities - washingtonpost.com: "President Obama yesterday nominated former Republican congressman Jim Leach, who represented Iowa for 30 years and now teaches at Princeton University, as the chairman of the National Endowment for the Humanities."

Minnesota Nonprofit Leaders Win New Law on Property-Tax Exemptions - Philanthropy.com

Minnesota Nonprofit Leaders Win New Law on Property-Tax Exemptions - Philanthropy.com: "Minnesota Nonprofit Leaders Win New Law on Property-Tax Exemptions

Minnesota nonprofit leaders have won the final leg of their campaign to clarify state law governing charitable property-tax exemptions in the wake of what they considered a damaging Minnesota Supreme Court decision."

The Journal Record - Charity Inc.: Being heard

The Journal Record - Article: "Working for the betterment of our communities in the heartland of our nation, Oklahoma nonprofits need to be heard on both local and national levels. Legislation and policy that will be on the table next session cannot be passed without serious consideration of the nonprofit sector. Unfortunately, the nonprofit sector is too often the last voice to be heard."

Wednesday, June 03, 2009

AFP > Public Policy | Canadian public policy issues > Canada’s Senate Passes NPD Bill

AFP > Public Policy | Canadian public policy issues > Canada’s Senate Passes NPD Bill: "Canada’s Senate Passes NPD Bill

(June 2, 2009) BREAKING NEWS: The Senate today approved a bill that would create the first permanent government-recognized National Philanthropy Day® (NPD) in the world."