Report urges financial reforms by charities - The Boston Globe - Boston.com - Business

Report urges financial reforms by charities - The Boston Globe - Boston.com - Business: "Report urges financial reforms by charities
By The Washington Post June 23, 2005
WASHINGTON -- A group of charities and other nonprofits yesterday offered Congress and the Internal Revenue Service a list of more than 120 ways to stem abuses by tax-exempt entities, including greater public disclosure of organizations' finances, more coordination between state and federal authorities, and tougher requirements for certain types of charities.

The report by the Panel on the Nonprofit Sector follows a series of disclosures of abuses by nonprofits ranging from self-dealing and excessive compensation of officials to participation in improper tax shelters. Senate Finance Committee Chairman Charles Grassley, an Iowa Republican, who received a copy of the report, has been pushing for broad tightening of the rules on behavior of charities."