Federal Times-Nonprofit leaders propose a new agency

Federal Times: "Nonprofit leaders propose a new agency
By M.Z. HEMINGWAY
November 24, 2006
What the country needs is a new federal agency — one to support and regulate the growing sector of nonprofit organizations, say proponents of the idea.
Currently, the IRS is the lead agency for dealing with nonprofits — via the tax code — but there’s no agency primarily tasked with regulating or supporting nonprofit work.
“I’m beginning to ask whether we wouldn’t be wise to create a division within the Department of Commerce to promote the success of philanthropy the same way they promote the success of business,” Steve Gunderson, president of the Council on Foundations, said in a speech last month."

Tags: NPPhilanthropy