Monday, November 30, 2009

Bingo-games changes sought in Va. | Richmond Times-Dispatch

Bingo-games changes sought in Va. | Richmond Times-Dispatch: "Winner-take-all games leave less of a profit for the organization than progressive games, in which the prize grows but the winner does not take it all.

'This has been the biggest change in charitable gaming in at least a decade to help charities make more money,' said Matt Benka, lobbyist for the Virginia Charitable Bingo Association, which claims about 70 members.

Under state law, a charitable organization must use a minimum of 10 percent of its gross proceeds for the charitable purposes for which it was organized, and each year many organizations fall short of the threshold."

Tuesday, November 24, 2009

Statewide fee-for-services bill pushed for nonprofits

Statewide fee-for-services bill pushed for nonprofits: "State Sen. Wayne Fontana said today that he will introduce legislation allowing municipalities to charge tax-exempt institutions a fee based on their property holdings.

Mr. Fontana said it would allow municipalities to negotiate voluntary payments with universities, hospital systems and other large institutions that aren't subject to property taxes"

Monday, November 23, 2009

Charity Leaders Ask Congress to Help on Hunger Relief - Philanthropy.com

Charity Leaders Ask Congress to Help on Hunger Relief - Philanthropy.com: "November 19, 2009
Charity Leaders Ask Congress to Help on Hunger Relief

Charity and foundation leaders Thursday urged Congress to take action to help the nonprofit organizations that are on the front lines of the mounting demand for food aid as the economic recession cuts a wide swath."

Tuesday, November 17, 2009

CQ Politics | House Likely to Delay Estate Tax Consideration

CQ Politics | House Likely to Delay Estate Tax Consideration: "House Democrats are likely to delay consideration of estate tax legislation until after the Thanksgiving recess, aides said."

Monday, November 16, 2009

Tax aid for venison donors urged | poughkeepsiejournal.com | Poughkeepsie Journal

Tax aid for venison donors urged | poughkeepsiejournal.com | Poughkeepsie Journal: "WAPPINGERS FALLS — Sen. Charles Schumer has proposed legislation that would create a tax deduction for hunters and meat processors who donate processed venison to food pantries"

Friday, November 13, 2009

Video Bingo Has Alabamians Yelling Everything But - NYTimes.com

Video Bingo Has Alabamians Yelling Everything But - NYTimes.com: "Whether these people are all essentially doing the same thing — playing bingo, that is — is now the subject of a fierce legal battle across Alabama, a fight with strange bedfellows and billions of dollars at stake."

Wednesday, November 11, 2009

Bingo can now be nonprofits’ game, oh | Moorestown Sun

Bingo can now be nonprofits’ game, oh | Moorestown Sun: "Moorestown’s nonprofit organizations will now be allowed to hold games of chance after a referendum vote during this year’s general election changes a statute that prohibits them from doing so.
According to unofficial results released by Burlington County, 5,403 registered voters made it out to the polls during this year’s general election."

Crain's Cleveland Business: Budget consultant suggests Cleveland seek payments from nonprofits

Crain's Cleveland Business: Budget consultant suggests Cleveland seek payments from nonprofits: "A financial consultant that is working with the city of Cleveland to address its budget challenges has suggested that hospitals and other local nonprofits, which do not pay taxes on property they own, make payments to the city in lieu of taxes.

The suggestion comes in a report delivered to the city that makes more than 175 recommendations to streamline city government."

massnonprofit.org ::

massnonprofit.org ::: "November 6, 2009 — Thanks to changes in tax law it is now more complicated than ever for nonprofit and educational organizations to administer 403(b) retirement plans, since new guidelines from the IRS and Department of Labor demand increased employer involvement in the documentation and operation of these plans.

While the Department of Labor (DOL) has stepped in to relax some of the requirements, the responsibility is still on the employer."

Tuesday, November 10, 2009

Senate Republicans Worry Charitable-Deduction Limits Could Be Revived - Philanthropy.com

Senate Republicans Worry Charitable-Deduction Limits Could Be Revived - Philanthropy.com: "Senate Republicans Worry Charitable-Deduction Limits Could Be Revived

President Obama’s proposal to limit tax breaks for charitable gifts and other itemized deductions to help pay for a health-care overhaul has so far gone nowhere in Congress."

Monday, November 09, 2009

Nonprofits set to pay more Boston taxes - BostonHerald.com

Nonprofits set to pay more Boston taxes - BostonHerald.com: "Boston is reportedly nearing a deal that could triple the money the city receives each year from colleges, hospitals and other nonprofits.

Boston City Councilor Steve Murphy told the Jamaica Plain Gazette that a new agreement could be finalized by early next year. When it is, he added, the city’s annual income could soar from $15 million a year to $45 million in the future.

Because of their nonprofit status, schools, hospitals, churches and civic groups are generally exempt from property taxes."

Editorial: Rep. McKillip on right track for nonprofit || OnlineAthens.com

Editorial: Rep. McKillip on right track for nonprofit || OnlineAthens.com: "That, in anything but a nutshell, is the point of state law regarding property tax exemptions that was at issue as the Athens-Clarke County Board of Assessors pressed its case that Nu├ži's Space, a local 501(c)(3) nonprofit group that provides a host of support services - including mental health assistance and rehearsal space - to local musicians, should not have tax-exempt status for its Oconee Street headquarte"

Wednesday, November 04, 2009

Indiana Gazette > Archives > News > Indiana County > Reduced educational tax credit affects nonprofits

Indiana Gazette > Archives > News > Indiana County > Reduced educational tax credit affects nonprofits: "Funding for the tax credit was reduced from $75 million to $60 million this fiscal year. And it's to be reduced by $10 million more in the next fiscal year.

The program, which has been in place since 2001, is intended to spur donations from businesses to groups that grant scholarships and to groups that support educational programs in public schools - school foundations, arts councils, museums, libraries, science centers and youth organizations."

The NonProfit Times - The Leading Business Publication For Nonprofit Management

The NonProfit Times - The Leading Business Publication For Nonprofit Management: "Relief Coming For Nonprofit Pension Plans

By Mark Hrywna

Legislation introduced in Congress could provide temporary relief for nonprofits faced with huge increases in pension contributions in the coming years."