The Chronicle, 3/1/2005: Coalition of Charities and Foundations Makes Recommendations on Nonprofit Accountability to Senate: "Coalition of Charities and Foundations Makes Recommendations on Nonprofit Accountability to Senate
By Brad Wolverton
Washington
A coalition of nonprofit leaders today pledged to members of the U.S. Senate that charities and foundations would take steps to tighten their financial operations, and recommended changes in federal law they believed could prevent legal abuses in the nonprofit world. But the report steered clear of some of the most divisive issues in the nonprofit world, including whether nonprofit groups should be limited in how much they can pay their top executives and whether new rules are needed to crack down on fraudulent fund-raising solicitations."