blackenterprise.com: "Non-Profits Unscathed By Corporate-Governance Crackdown
2005-12-19
Business Journal - Central New York, The
By Dickinson, Casey J
SYRACUSE - Congress hasn't been quick to pass new laws regulating non-profit organizations, says Andrew C. Schulz, deputy general counsel for the Washington, D.C.-based Council on Foundations. Corporate scandals such as Enron and the subsequent federal reaction, the Sarbanes-Oxley Act of 2002, have sparked Congress to consider similar legislation aimed at protecting the nation's non- profit entities, but it hasn't taken any action yet.
Schulz's keynote speech exploring legislative action affecting nonprofits launched the third annual 'Best Practices for Nonprofits' seminar Nov. 1 at the Holiday Inn, Syracuse/Liverpool. Schulz monitors legislative trends for the Council on Foundations and its 2,000 members - grant-making foundations and giving programs around the world.
Congress hasn't passed any major nonprofit legislation since the 1960s. The 1969 tax law, passed in response to political involvement by the Ford Foundation, was the last major change in the tax code. "
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