Estate tax
Senate puts off vote on estate tax repeal till September - 2005-07-29: "Senate puts off vote on estate tax repeal till September
Barbara Pinckney
The Business Review
Business owners will have to wait a little bit longer to find out if the estate tax will be eliminiated, reformed or left intact.
U.S. Senate Majority Leader Bill Frist said that because of a bottleneck in the Senate, a vote on legislation calling for permanent repeal of the estate tax will not be held before Congress leaves for its August break. The House passed the bill in April, but the matter was held up in the Senate by members concerned about the impact on the federal budget."
Friday, July 29, 2005
Sarbanes-Oxley Impacts Nonprofits - 29 Jul 2005
Sarbanes-Oxley Impacts Nonprofits - 29 Jul 2005: "Sarbanes-Oxley Impacts Nonprofits
AccountingWEB.com - July 29, 2005 - Many nonprofit organizations, while not required to meet the provisions of the Sarbanes-Oxley Act of 2002, are beginning to adapt some of the Act’s standards to their own governance practices. One of these is New York's Juilliard School, where President Joseph Polisi has long stressed transparency and board involvement, according to the Wall Street Journal. "
AccountingWEB.com - July 29, 2005 - Many nonprofit organizations, while not required to meet the provisions of the Sarbanes-Oxley Act of 2002, are beginning to adapt some of the Act’s standards to their own governance practices. One of these is New York's Juilliard School, where President Joseph Polisi has long stressed transparency and board involvement, according to the Wall Street Journal. "
Thursday, July 28, 2005
DMNews.com | News | Article-Mailers Hopeful as House May Take Up Postal Reform Bill Today
DMNews.com | News | Article: "Mailers Hopeful as House May Take Up Postal Reform Bill Today
July 26, 2005
By: Melissa Campanelli
Senior Editor
melissa@dmnews.com
Mailers expressed optimism yesterday on news that the House of Representatives is expected to consider a sweeping postal reform bill as early as today.
H.R. 22 is the culmination of a decade of work, said Chris Cleghorn, a nonprofit executive with Easter Seals in Chicago and president of the Alliance of Nonprofit Mailers.
For nonprofits, reform is all about postal rates, he said."
July 26, 2005
By: Melissa Campanelli
Senior Editor
melissa@dmnews.com
Mailers expressed optimism yesterday on news that the House of Representatives is expected to consider a sweeping postal reform bill as early as today.
H.R. 22 is the culmination of a decade of work, said Chris Cleghorn, a nonprofit executive with Easter Seals in Chicago and president of the Alliance of Nonprofit Mailers.
For nonprofits, reform is all about postal rates, he said."
Estate tax hurts family businesses
Estate tax hurts family businesses: "Estate tax hurts family businesses
By DICK PATTEN
GUEST COLUMNIST
As the U.S. Senate prepares to debate the permanent repeal of the estate tax, the famous political mantra hangs in the air -- follow the money. Who benefits from repeal, how does it affect the federal budget and who is fighting to keep the tax in place?"
By DICK PATTEN
GUEST COLUMNIST
As the U.S. Senate prepares to debate the permanent repeal of the estate tax, the famous political mantra hangs in the air -- follow the money. Who benefits from repeal, how does it affect the federal budget and who is fighting to keep the tax in place?"
The Chronicle, 7/27/2005: Government Clarifies Antiterror Rules for Federal Charity Campaign
The Chronicle, 7/27/2005: Government Clarifies Antiterror Rules for Federal Charity Campaign: "Government Clarifies Antiterror Rules for Federal Charity Campaign
By Grant Williams
Concerns about antiterrorism requirements have flared once again as part of the Combined Federal Campaign, the annual charity drive for federal workers.
This time the controversy involves local United Ways that administer the campaign in some parts of the country. At issue are reports that some United Ways have required that charities, as a condition of receiving money raised in the drive, comply with antiterrorism rules that go beyond what is required by the federal government."
By Grant Williams
Concerns about antiterrorism requirements have flared once again as part of the Combined Federal Campaign, the annual charity drive for federal workers.
This time the controversy involves local United Ways that administer the campaign in some parts of the country. At issue are reports that some United Ways have required that charities, as a condition of receiving money raised in the drive, comply with antiterrorism rules that go beyond what is required by the federal government."
The Highlander News-Guest Commentary - Givers need philanthropic humility
The Highlander News: "Guest Commentary - Givers need philanthropic humility
by Marvin Olasky
WASHINGTON, D.C. -- Rich hunters offsetting the costs of their African safaris by donating mounted heads of exotic animals to a Nebraska museum and claiming huge tax deductions. A Tennessee foundation created to improve education among the poor paying its director several million dollars. A tax-exempt hospital charity in Minnesota sending employees on trips to Hawaii and Grand Cayman Island, and executives on a three-day wine tour of Napa Valley to help them find their 'moral center.'
Those are some of the stories that emerged from a U.S. Senate Finance Committee hearing this spring on charitable giving abuses. Committee Chairman Charles Grassley concluded, 'It's time for comprehensive reforms to shut down personal enrichment at the needy's expense.' He's right, but the arrogance of government and foundation officials at the needy's expense is an even greater problem."
by Marvin Olasky
WASHINGTON, D.C. -- Rich hunters offsetting the costs of their African safaris by donating mounted heads of exotic animals to a Nebraska museum and claiming huge tax deductions. A Tennessee foundation created to improve education among the poor paying its director several million dollars. A tax-exempt hospital charity in Minnesota sending employees on trips to Hawaii and Grand Cayman Island, and executives on a three-day wine tour of Napa Valley to help them find their 'moral center.'
Those are some of the stories that emerged from a U.S. Senate Finance Committee hearing this spring on charitable giving abuses. Committee Chairman Charles Grassley concluded, 'It's time for comprehensive reforms to shut down personal enrichment at the needy's expense.' He's right, but the arrogance of government and foundation officials at the needy's expense is an even greater problem."
Wednesday, July 27, 2005
The Seattle Times: Politics: Bush urging gifts to religious charities
The Seattle Times: Politics: Bush urging gifts to religious charities: "Bush urging gifts to religious charities
By Peter Wallsten
WASHINGTON — President Bush, embracing an old cause to open a new front in his outreach to black church leaders, pledged yesterday to pressure corporate foundations to give more money to faith-based charities.
Bush made the promise during a closed-door session at the White House with 17 black ministers and civic leaders, his second such meeting since January."
By Peter Wallsten
WASHINGTON — President Bush, embracing an old cause to open a new front in his outreach to black church leaders, pledged yesterday to pressure corporate foundations to give more money to faith-based charities.
Bush made the promise during a closed-door session at the White House with 17 black ministers and civic leaders, his second such meeting since January."
Massachusetts Attorney General: Summary of Public Charities Financial Integrity Legislation
Massachusetts Attorney General: Summary of Public Charities Financial Integrity Legislation: "Summary of Public Charities Financial Integrity Legislation
The legislation proposed by the Attorney General, entitled An Act to Promote the Financial Integrity of Public Charities, includes the following main changes to existing law:
* Board leaders and officers of charities must verify that boards have reviewed and accepted the financial filings submitted to the Division of Public Charities, including any audits that a charity may be required to perform and file.
* Charities with revenues over $500,000 or with $5 million in assets must provide audits and those charities must have audit committees. There are certain requirements for those audit committees, including that a majority be board members and that the members be independent. Charities that are part of a system (e.g., a healthcare system) may have a single audit committee."
The legislation proposed by the Attorney General, entitled An Act to Promote the Financial Integrity of Public Charities, includes the following main changes to existing law:
* Board leaders and officers of charities must verify that boards have reviewed and accepted the financial filings submitted to the Division of Public Charities, including any audits that a charity may be required to perform and file.
* Charities with revenues over $500,000 or with $5 million in assets must provide audits and those charities must have audit committees. There are certain requirements for those audit committees, including that a majority be board members and that the members be independent. Charities that are part of a system (e.g., a healthcare system) may have a single audit committee."
Friday, July 22, 2005
Tax helps society recoup investment
Estate tax
EDITORIAL
Tax helps society recoup investment: "Tax helps society recoup investment
By BRUCE HERBERT
GUEST COLUMNIST
Recent TV ads depict a World War II vet opposing the federal estate tax. But gutting the tax would actually undo much that the greatest generation fought and worked for their entire lives -- by converting into private benefit for a few the last full measure these men and women devoted to American values of fair play, freedom and opportunity for all.
Many of the greatest generation (including my father, a WWII fighter pilot) benefited significantly from investments society made on their behalf -- such as the GI Bill that financed the education of many returning vets"
EDITORIAL
Tax helps society recoup investment: "Tax helps society recoup investment
By BRUCE HERBERT
GUEST COLUMNIST
Recent TV ads depict a World War II vet opposing the federal estate tax. But gutting the tax would actually undo much that the greatest generation fought and worked for their entire lives -- by converting into private benefit for a few the last full measure these men and women devoted to American values of fair play, freedom and opportunity for all.
Many of the greatest generation (including my father, a WWII fighter pilot) benefited significantly from investments society made on their behalf -- such as the GI Bill that financed the education of many returning vets"
Massachusetts Attorney General: Summary of Public Charities Financial Integrity Legislation
Massachusetts Attorney General: Summary of Public Charities Financial Integrity Legislation: "Summary of Public Charities Financial Integrity Legislation
The legislation proposed by the Attorney General, entitled An Act to Promote the Financial Integrity of Public Charities, includes the following main changes to existing law:
Board leaders and officers of charities must verify that boards have reviewed and accepted the financial filings submitted to the Division of Public Charities, including any audits that a charity "
The legislation proposed by the Attorney General, entitled An Act to Promote the Financial Integrity of Public Charities, includes the following main changes to existing law:
Board leaders and officers of charities must verify that boards have reviewed and accepted the financial filings submitted to the Division of Public Charities, including any audits that a charity "
theOneRepublic-More Government Control of Charities Looms
theOneRepublic: "Guest Contributor
Karen Woods
Karen Woods is Director of the Center for Effective Compassion at the Acton Institute in Grand Rapids, Mich.
[go to Guest index]
More Government Control of Charities Looms
Overkill on the way...
[Karen Woods] 7/20/05
With rising concerns about financial abuses at charities, lawmakers are looking at significantly stepping up regulation of tax-exempt organizations, including faith-based groups. Last month, a much-anticipated report from the Panel on the Nonprofit Sector, a U.S. Senate advisory group, advocated some 120 measures to increase accountability and financial transparency."
Karen Woods
Karen Woods is Director of the Center for Effective Compassion at the Acton Institute in Grand Rapids, Mich.
[go to Guest index]
More Government Control of Charities Looms
Overkill on the way...
[Karen Woods] 7/20/05
With rising concerns about financial abuses at charities, lawmakers are looking at significantly stepping up regulation of tax-exempt organizations, including faith-based groups. Last month, a much-anticipated report from the Panel on the Nonprofit Sector, a U.S. Senate advisory group, advocated some 120 measures to increase accountability and financial transparency."
Wednesday, July 20, 2005
baltimoresun.com - Reform goes back to start on nonprofit boondoggle
baltimoresun.com - Reform goes back to start on nonprofit boondoggle: "FAITHFUL READERS know about a $2 billion federal boondoggle called the Javits-Wagner- O'Day program, which pays peanuts to disabled people working on no-bid government contracts, enriches nonprofit executives and operates with little oversight or control.
Last year, the government showed signs of seeing the problem and reacting.
Responding to articles in The Sun and nationwide efforts to improve corporate governance, the little agency that runs Javits-Wagner proposed strict executive salary limits for nonprofit organizations getting the contracts as well as requirements for the groups to name audit committees, disclose business relationships with trustees, change trustees regularly and publish board minutes."
Last year, the government showed signs of seeing the problem and reacting.
Responding to articles in The Sun and nationwide efforts to improve corporate governance, the little agency that runs Javits-Wagner proposed strict executive salary limits for nonprofit organizations getting the contracts as well as requirements for the groups to name audit committees, disclose business relationships with trustees, change trustees regularly and publish board minutes."
Flat tax revisited - Editorials/Op-Ed - The Washington Times, America's Newspaper
Flat tax revisited - Editorials/Op-Ed - The Washington Times, America's Newspaper: "Flat tax revisited
July 20, 2005
In his speech to the Republican National Convention in 2004, President Bush called for substantial reforms to America's fundamental economic systems, including the tax code, which Mr. Bush criticized as 'a complicated mess, filled with special interest loopholes, saddling our people with more than 6 billion hours of paperwork and headache every year.'
Traditional reform, however, may not be sufficient; adding provisions -- even those intended to simplify the code -- into what is already a 9 million-word tome could lead to more confusion, more creative interpretation and more detrimental loopholes. Americans now spend on average over 28 hours each year filing their personal income taxes, and the total cost of all compliance was a staggering $200 billion in 2004.
July 20, 2005
In his speech to the Republican National Convention in 2004, President Bush called for substantial reforms to America's fundamental economic systems, including the tax code, which Mr. Bush criticized as 'a complicated mess, filled with special interest loopholes, saddling our people with more than 6 billion hours of paperwork and headache every year.'
Traditional reform, however, may not be sufficient; adding provisions -- even those intended to simplify the code -- into what is already a 9 million-word tome could lead to more confusion, more creative interpretation and more detrimental loopholes. Americans now spend on average over 28 hours each year filing their personal income taxes, and the total cost of all compliance was a staggering $200 billion in 2004.
Tuesday, July 19, 2005
Christian News - The Christian Post | More Government Control of Charities Looms
Christian News - The Christian Post | More Government Control of Charities Looms: "More Government Control of Charities Looms
Monday, Jul. 18, 2005 Posted: 10:44:27AM EST
With rising concerns about financial abuses at charities, lawmakers are looking at significantly stepping up regulation of tax-exempt organizations, including faith-based groups. Last month, a much-anticipated report from the Panel on the Nonprofit Sector, a U.S. Senate advisory group, advocated some 120 measures to increase accountability and financial transparency.
“Full transparency is the key issue,” said Diane Aviv, president of Independent Sector, a coalition of nonprofits, and executive director of the Senate panel. She’s right, of course. But achieving full transparency with massive amounts of red tape and oversight from Washington would be like going after a housefly with a sledgehammer. And what about the laws and regulations already on the books?
Gammon & Grange P.C., a Virginia law firm specializing in nonprofit issues, analyzed testimony at Senate Finance Committee hearings in June, along with written submissions. In all, some 94 alleged abuses were cited about a number of charities. Gamm"
Monday, Jul. 18, 2005 Posted: 10:44:27AM EST
With rising concerns about financial abuses at charities, lawmakers are looking at significantly stepping up regulation of tax-exempt organizations, including faith-based groups. Last month, a much-anticipated report from the Panel on the Nonprofit Sector, a U.S. Senate advisory group, advocated some 120 measures to increase accountability and financial transparency.
“Full transparency is the key issue,” said Diane Aviv, president of Independent Sector, a coalition of nonprofits, and executive director of the Senate panel. She’s right, of course. But achieving full transparency with massive amounts of red tape and oversight from Washington would be like going after a housefly with a sledgehammer. And what about the laws and regulations already on the books?
Gammon & Grange P.C., a Virginia law firm specializing in nonprofit issues, analyzed testimony at Senate Finance Committee hearings in June, along with written submissions. In all, some 94 alleged abuses were cited about a number of charities. Gamm"
Finances Of Nonprofit Groups Rarely Reviewed By IRS Agents - from TBO.com
Finances Of Nonprofit Groups Rarely Reviewed By IRS Agents - from TBO.com: "Finances Of Nonprofit Groups Rarely Reviewed By IRS Agents
Published: Jul 17, 2005
Although most U.S. tax-exempt agencies are required to report their finances every year to the Internal Revenue Service in forms called 990s, most go unread because the IRS doesn't have enough people to review them.
Some nonprofit agencies knowingly take advantage of this and file 990s that are inaccurate, experts say.
As a result, nonprofit agencies in general have ``a serious accountability problem,'' said Daniel Borochoff, president of the American Institute of Philanthropy in Chicago, a watchdog organization that monitors charities."
Published: Jul 17, 2005
Although most U.S. tax-exempt agencies are required to report their finances every year to the Internal Revenue Service in forms called 990s, most go unread because the IRS doesn't have enough people to review them.
Some nonprofit agencies knowingly take advantage of this and file 990s that are inaccurate, experts say.
As a result, nonprofit agencies in general have ``a serious accountability problem,'' said Daniel Borochoff, president of the American Institute of Philanthropy in Chicago, a watchdog organization that monitors charities."
Monday, July 18, 2005
The Chronicle, 7/21/2005: Seeking Federal Favors
The Chronicle, 7/21/2005: Seeking Federal Favors: "Seeking Federal Favors
Charities go after earmarks, despite concerns about fairness
By Elizabeth Schwinn
Like thousands of charity leaders across the country, Mary Faithful is lobbying members of Congress to set aside federal money for her organization in the form of a 'legislative earmark.'
She is seeking $200,000 to help Advocacy Inc. -- the Austin, Tex., charity she runs -- upgrade its phone system so it can better provide legal services to the disabled."
Charities go after earmarks, despite concerns about fairness
By Elizabeth Schwinn
Like thousands of charity leaders across the country, Mary Faithful is lobbying members of Congress to set aside federal money for her organization in the form of a 'legislative earmark.'
She is seeking $200,000 to help Advocacy Inc. -- the Austin, Tex., charity she runs -- upgrade its phone system so it can better provide legal services to the disabled."
deseretnews.com | Lawmakers eyeing big tax changes
deseretnews.com | Lawmakers eyeing big tax changes: "Lawmakers eyeing big tax changes
Utahns may soon pay 'flat' income, sales levies
By Bob Bernick Jr.
Deseret Morning News
Ideas are starting to gel on a state tax reform committee, ideas that could lead to some big changes in how you pay your income and sales taxes next year.
You could have a flat-rate income tax with few or no deductions — not even for charitable giving or mortgage interest.
And all over Utah you could pay the same sales tax rate — whether you are in Park City, Sandy or Kane County.
Utahns may soon pay 'flat' income, sales levies
By Bob Bernick Jr.
Deseret Morning News
Ideas are starting to gel on a state tax reform committee, ideas that could lead to some big changes in how you pay your income and sales taxes next year.
You could have a flat-rate income tax with few or no deductions — not even for charitable giving or mortgage interest.
And all over Utah you could pay the same sales tax rate — whether you are in Park City, Sandy or Kane County.
Friday, July 15, 2005
Religious News Service and Christian News-"Commentary: New Charity Regs Looming
Religious News Service and Christian News: "Commentary: New Charity Regs Looming
A U.S. Senate advisory group is advocating some 120 measures to increase accountability and financial transparency.
By KAREN WOODS
(Acton) With rising concerns about financial abuses at charities, lawmakers are looking at significantly stepping up regulation of tax-exempt organizations, including faith-based groups.
Last month, a much-anticipated report from the Panel on the Nonprofit Sector, a U.S. Senate advisory group, advocated some 120 measures to increase accountability and financial transparency.
A U.S. Senate advisory group is advocating some 120 measures to increase accountability and financial transparency.
By KAREN WOODS
(Acton) With rising concerns about financial abuses at charities, lawmakers are looking at significantly stepping up regulation of tax-exempt organizations, including faith-based groups.
Last month, a much-anticipated report from the Panel on the Nonprofit Sector, a U.S. Senate advisory group, advocated some 120 measures to increase accountability and financial transparency.
Thursday, July 14, 2005
Daily Democrat Online - News(Re Artist deductions)
Daily Democrat Online - News:
snip snip>
"Among the bi-partisan pieces of legislation Thompson is carrying is a bill that would allow artists to claim a fair market tax deduction for charitable donations of their work.
'The legislation is about fairness. If an individual donates stocks or bonds to charity they receive a deduction for the full value,' Thompson said. 'But under current law, if an artist donates a creation they only receive a deduction for the value of the raw materials used to create it.'"
snip snip>
"Among the bi-partisan pieces of legislation Thompson is carrying is a bill that would allow artists to claim a fair market tax deduction for charitable donations of their work.
'The legislation is about fairness. If an individual donates stocks or bonds to charity they receive a deduction for the full value,' Thompson said. 'But under current law, if an artist donates a creation they only receive a deduction for the value of the raw materials used to create it.'"
Commentary: More Government Control of Charities Looms
Commentary: More Government Control of Charities Looms: "More Government Control of Charities Looms
by Karen Woods
With rising concerns about financial abuses at charities, lawmakers are looking at significantly stepping up regulation of tax-exempt organizations, including faith-based groups. Last month, a much-anticipated report from the Panel on the Nonprofit Sector, a U.S. Senate advisory group, advocated some 120 measures to increase accountability and financial transparency.
“Full transparency is the key issue,” said Diane Aviv, president of Independent Sector, a coalition of nonprofits, and executive director of the Senate panel. She’s right, of course. But achieving full transparency with massive amounts of red tape and oversight from Washington would be like going after a housefly with a sledgehammer. And what about the laws and regulations already on the books?"
by Karen Woods
With rising concerns about financial abuses at charities, lawmakers are looking at significantly stepping up regulation of tax-exempt organizations, including faith-based groups. Last month, a much-anticipated report from the Panel on the Nonprofit Sector, a U.S. Senate advisory group, advocated some 120 measures to increase accountability and financial transparency.
“Full transparency is the key issue,” said Diane Aviv, president of Independent Sector, a coalition of nonprofits, and executive director of the Senate panel. She’s right, of course. But achieving full transparency with massive amounts of red tape and oversight from Washington would be like going after a housefly with a sledgehammer. And what about the laws and regulations already on the books?"
Congress reworking conservation easements
Congress reworking conservation easements: "Congress reworking conservation easements
Proposed reforms could thwart some land conservation efforts on island
BY PETER B. BRACE
INDEPENDENT WRITER
Proposed reforms to one of the key open space protection tools used by Nantucket conservation groups, the conservation easement, are making land groups nervous.
In particular, the Nantucket Land Council, which holds 59 conservation easements protecting 732 acres of Nantucket, is worried about the ramifications of several of the proposed changes to conservation easements, also known as conservation restrictions.
Conservation restrictions essentially allow property owners to sell their development rights to a land conservation organization. The landowner gets a tax deduction and the conservation group is able preserve forever the wildlife and plants on the property."
Proposed reforms could thwart some land conservation efforts on island
BY PETER B. BRACE
INDEPENDENT WRITER
Proposed reforms to one of the key open space protection tools used by Nantucket conservation groups, the conservation easement, are making land groups nervous.
In particular, the Nantucket Land Council, which holds 59 conservation easements protecting 732 acres of Nantucket, is worried about the ramifications of several of the proposed changes to conservation easements, also known as conservation restrictions.
Conservation restrictions essentially allow property owners to sell their development rights to a land conservation organization. The landowner gets a tax deduction and the conservation group is able preserve forever the wildlife and plants on the property."
Wednesday, July 13, 2005
Estate tax fight hinges on money, morality | csmonitor.com
Estate tax fight hinges on money, morality | csmonitor.com: "Estate tax fight hinges on money, morality
Senate action is key, as Jon Kyl pushes a compromise plan this month, making most of the tax cuts permanent.
By David R. Francis | Staff writer of The Christian Science Monitor
Opponents call it the 'Paris Hilton Benefit Act.' Supporters wax lyrical about abolishing the 'death tax.'
The wordplay is one indication that the Washington dispute over what to do with taxation of estates has become, to a degree, a moral argument."
Senate action is key, as Jon Kyl pushes a compromise plan this month, making most of the tax cuts permanent.
By David R. Francis | Staff writer of The Christian Science Monitor
Opponents call it the 'Paris Hilton Benefit Act.' Supporters wax lyrical about abolishing the 'death tax.'
The wordplay is one indication that the Washington dispute over what to do with taxation of estates has become, to a degree, a moral argument."
Monday, July 11, 2005
Demolishing Shaky Tax Shelters
Demolishing Shaky Tax Shelters: "Demolishing Shaky Tax Shelters
As the feds continue to scuttle dubious and outrageous schemes, new players are reshaping a chastened financial-advice industry
New York Attorney General Eliot Spitzer may get all the press, but the Justice Dept. and IRS have reason to strut, too. The two have amassed an impressive enforcement record against businesses and the individuals and advisers who transformed sketchy tax shelters into business-as-usual in the late 1990s. Advertisement"
As the feds continue to scuttle dubious and outrageous schemes, new players are reshaping a chastened financial-advice industry
New York Attorney General Eliot Spitzer may get all the press, but the Justice Dept. and IRS have reason to strut, too. The two have amassed an impressive enforcement record against businesses and the individuals and advisers who transformed sketchy tax shelters into business-as-usual in the late 1990s. Advertisement"
Thursday, July 07, 2005
Valley Courier Online-Nonprofits pin hopes on referendums C, D
Valley Courier Online: "Nonprofits pin hopes on referendums C, D
By HEW HALLOCK
ALAMOSA � Shrinking state government, brought on by a recent recession and the constitutional spending limits of TABOR, has pushed more people to rely on charitable organizations for services that used to be provided by the state.
�As government shrinks, it is the nonprofit sector that fills in,� according to Charley Shimanski, head of the Colorado Association of Nonprofit Organizations."
By HEW HALLOCK
ALAMOSA � Shrinking state government, brought on by a recent recession and the constitutional spending limits of TABOR, has pushed more people to rely on charitable organizations for services that used to be provided by the state.
�As government shrinks, it is the nonprofit sector that fills in,� according to Charley Shimanski, head of the Colorado Association of Nonprofit Organizations."
Tuesday, July 05, 2005
calendarlive.com: In L.A., a muted drama over donor
calendarlive.com: In L.A., a muted drama over donor: "In L.A., a muted drama over donor
Philanthropist Alberto Vilar has become an outsider in opera circles since being charged with securities fraud and money laundering.
By Chris Pasles and Thomas S. Mulligan, Times Staff Writers
The recent woes of billionaire opera philanthropist and money manager Alberto Vilar, released from a New York jail on bail June 20 after languishing there for nearly a month, have had New York and London bu"
Philanthropist Alberto Vilar has become an outsider in opera circles since being charged with securities fraud and money laundering.
By Chris Pasles and Thomas S. Mulligan, Times Staff Writers
The recent woes of billionaire opera philanthropist and money manager Alberto Vilar, released from a New York jail on bail June 20 after languishing there for nearly a month, have had New York and London bu"
Charities come under Senate scrutiny
Charities come under Senate scrutiny: "Charities come under Senate scrutiny
Robert Franklin, Star Tribune
July 5, 2005 CHAR0705
A California foundation paid its CEO $1.2 million a year. South Carolina taxpayers took $125 million in 'open-space' charitable deductions -- for golf courses. A Minnesota donor set up a charity to support a foundation without telling the foundation.
Such stories of abuses "
Robert Franklin, Star Tribune
July 5, 2005 CHAR0705
A California foundation paid its CEO $1.2 million a year. South Carolina taxpayers took $125 million in 'open-space' charitable deductions -- for golf courses. A Minnesota donor set up a charity to support a foundation without telling the foundation.
Such stories of abuses "
National News-Charitable Choice Debate Revived
National News: "Charitable Choice Debate Revived
Avi Mayer
Special to the Jewish Times
JULY 01, 2005
Washington
For four years, American Jewish groups debated President Bush's proposals to mix faith with social services.
Now the fight is over whether the administration's programs should be made permanent.
Rep. Mark Green (R-Wis.) introduced legislation earlier this year to make the White House Office of Faith-Based and Community Initiatives permanent and codify its activities into law. The move has rekindled a long-smoldering debate in the Jewish community."
Avi Mayer
Special to the Jewish Times
JULY 01, 2005
Washington
For four years, American Jewish groups debated President Bush's proposals to mix faith with social services.
Now the fight is over whether the administration's programs should be made permanent.
Rep. Mark Green (R-Wis.) introduced legislation earlier this year to make the White House Office of Faith-Based and Community Initiatives permanent and codify its activities into law. The move has rekindled a long-smoldering debate in the Jewish community."
Friday, July 01, 2005
Financial Advisor Magazine-he Affluent And The Federal Estate Tax
Financial Advisor Magazine: "The Affluent And The Federal Estate Tax
By Hannah Shaw Grove and Russ Alan Prince
Reform, repeal—and some sharp differences of opinion.
(This is the first in a series of articles about the federal estate tax and what the affluent think about it. To see the full research report, please go to www.ResourceNetworkLTD.com.)
There’s precious little that Republicans and Democrats can agree on these days, and the fate of the estate, or death, tax—whether it should be reformed or repealed or left as is—is definitely not on the list.
That’s hardly surprising, as it would be difficult to come up with a more potent formula for discord than taxes death politics. But the breadth of the debate and the range of “informed” opinion are truly startling. Depending on which side of the argument you come down on, for example, repeal or reform of the estate tax will/will not favor the rich; will/will not increase the federal budget deficit; will/will not be the death knell for tax-deductible charitable giving; will/will not discriminate against farmers and small business owners; will/will not lead to a “trickle down” effect—and so on.
By Hannah Shaw Grove and Russ Alan Prince
Reform, repeal—and some sharp differences of opinion.
(This is the first in a series of articles about the federal estate tax and what the affluent think about it. To see the full research report, please go to www.ResourceNetworkLTD.com.)
There’s precious little that Republicans and Democrats can agree on these days, and the fate of the estate, or death, tax—whether it should be reformed or repealed or left as is—is definitely not on the list.
That’s hardly surprising, as it would be difficult to come up with a more potent formula for discord than taxes death politics. But the breadth of the debate and the range of “informed” opinion are truly startling. Depending on which side of the argument you come down on, for example, repeal or reform of the estate tax will/will not favor the rich; will/will not increase the federal budget deficit; will/will not be the death knell for tax-deductible charitable giving; will/will not discriminate against farmers and small business owners; will/will not lead to a “trickle down” effect—and so on.
Nonprofits to Face Sarbanes-Oxley-Like Reforms
Nonprofits to Face Sarbanes-Oxley-Like Reforms: "Nonprofits to Face Sarbanes-Oxley-Like Reforms
July 1, 2005 (Northeast Pennsylvania Business Journal) -- Forget three strikes and you're out. In the new world of corporate governance many companies have adopted 'zero tolerance' for unethical activity.
With the Sarbanes-Oxley Act of 2002 governing publicly-held companies and strong implications that a similar act will apply to nonprofit organizations in the near future, both sectors are examining their policies to ensure that they encourage ethical behavior and are accountable to those they serve.
As a publicly-held company, Community Bank and Trust, Clarks Summit, has heightened its corporate governance in response to the federal act."
July 1, 2005 (Northeast Pennsylvania Business Journal) -- Forget three strikes and you're out. In the new world of corporate governance many companies have adopted 'zero tolerance' for unethical activity.
With the Sarbanes-Oxley Act of 2002 governing publicly-held companies and strong implications that a similar act will apply to nonprofit organizations in the near future, both sectors are examining their policies to ensure that they encourage ethical behavior and are accountable to those they serve.
As a publicly-held company, Community Bank and Trust, Clarks Summit, has heightened its corporate governance in response to the federal act."
Subscribe to:
Posts (Atom)