Oklahoma officials, charities work to meet new regulations | NewsOK.com

Oklahoma officials, charities work to meet new regulations | NewsOK.com: "Oklahoma officials, charities work to meet new regulations
Sen. Susan Paddack, D-Ada, addressed nonprofit leaders about Senate Bill 1070, which is designed to promote transparency and integrity in the nonprofit sector. The bill went into effect July 1.

BY CARRIE COPPERNOLL ccoppernoll@opubco.com Comment on this article 3
Published: July 20, 2011

A new plan to promote transparency among Oklahoma's charities took effect earlier this month, and leaders in the nonprofit and government sectors are working together to meet the new guidelines."

The Nonprofit Quarterly | @npquarterly | Impacts of the Gang of Six's Budget Recommendations on Nonprofits

The Nonprofit Quarterly | @npquarterly | Impacts of the Gang of Six's Budget Recommendations on Nonprofits: "But what would the Gang's plan mean for nonprofits? Aiming at cutting the debt by $3.7 trillion over the next decade, the Gang proposes two stages of spending cuts. According to Politico, the first stage would be $500 billion in spending cuts from a variety of sources followed by a more comprehensive second stage combining additional 'fast-track' spending and tax changes. Changes in Social Security would apparently constitute something like a third legislative track of sorts. Politico says that the Gang 'punts' the specifics on other future spending cuts within targeted amounts such as $70 billion out of Health, Education, Labor and Pensions, $65 billion out of Homeland Security and Government Affairs, $11 billion out of Agriculture, and $11 billion out of Commerce."

Australia To Modify Charity Tax Law

Australia To Modify Charity Tax Law

Why Are Nonprofits AWOL in Budget Fight? - Opinion - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Why Are Nonprofits AWOL in Budget Fight? - Opinion - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Nonprofits must recognize that they remain on the sidelines at their peril. If federal deficits continue to spiral out of control, nonprofits face a future of trying to do more and more with less and less, as a weakening economy exacerbates social ills and reduces both government aid and private giving.

Staying on the sidelines also gives the lie to lofty civil-society rhetoric about nonprofits’ role as the bedrock of the democratic process. Our democracy is in crisis. Surely the leaders of civil society have a duty to lead citizens in a conversation about fixing the problem."

House Bill Would Provide Permanent Extension for IRA Charitable Rollover | PNNOnline.org

House Bill Would Provide Permanent Extension for IRA Charitable Rollover | PNNOnline.org: "A new bill introduced in the U.S. House would permanently extend the Individual Retirement Account (IRA) charitable rollover and expand it to allow increased charitable giving, most notably through donor advised funds. It is a preferred approach for many donors, allowing them to create a fund through an organization, such as a community foundation, and to recommend how those funds should be used."

Leader to Step Down From White House Social-Innovation Office - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Leader to Step Down From White House Social-Innovation Office - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Sonal Shah, head of the White House’s Office of Social Innovation and Civic Participation, is stepping down from her post next month.

Ms. Shah, who has led the office’s efforts to promote innovative nonprofits since it was created in 2009, will take a break before deciding what to do next, the White House press office said. Her last day will be August 1."

EDITORIAL: Small games, big need - York Dispatch

EDITORIAL: Small games, big need - York Dispatch: "And there are some who would do even more -- if the state would let them.

Nonprofits and private clubs that offer small games of chance -- such as punchboards, pull-tabs, raffles and daily and weekly drawings -- must donate all of the proceeds to charities.

How much they raise, however, is limited by a $5,000-per-week cap in prize money. When the prize money is gone, whether that happens on a Tuesday or a Friday, the games must stop until the next week."

NJ Fundraising Rule Has National Implications - TheNonProfitTimes

NJ Fundraising Rule Has National Implications - TheNonProfitTimes: "Considering a mandatory donor designation disclosure, the New Jersey Division of Consumer Affairs (NJDCA), is seeking public comment on a “pre-proposal” that would have organizations provide a mechanism for donors to designate funds to specific programs.

According to the proposed rule under N.J.A.C. 13:48-11.2, in the June 6, 2011, New Jersey Register the NJDCA believes that “if particular programs are the inducement for a donor to make a contribution to the charity, the donor should be advised that he or she has the option to direct the charity to use his or her contribution to fund that program.”"

TheDay.com - Mystic Aquarium, Garde Arts Center, other nonprofits take significant hits | Southeastern Connecticut News, Sports, Weather and Video | The Day newspaper

TheDay.com - Mystic Aquarium, Garde Arts Center, other nonprofits take significant hits | Southeastern Connecticut News, Sports, Weather and Video | The Day newspaper: "The Mystic Aquarium and Garde Arts Center lost significant chunks of financial support as Gov. Dannel P. Malloy announced budget cuts Friday affecting major arts and cultural organizations across the state, and the Eastern Connecticut Tourism District was left to wither away without any funding."

massnonprofit.org ::

massnonprofit.org ::: "July 8, 2011 — A Senate committee last week stripped from a bill a provision that aimed to prevent Massachusetts nonprofits from paying their board members, but the bill’s sponsor, Sen. Mark Montigny, said he is confident his efforts to limit nonprofit board and executive compensation will bear fruit."

massnonprofit.org ::

massnonprofit.org ::: "Charities Should Scrutinize Severance Packages

The AG added, “We hope that board members at all charities will closely scrutinize these severance packages and work to put the protection of charitable assets above all other factors. These terms are highly costly, reduce the board’s ability to act independently, and in most cases do not advance a legitimate charitable purpose.”

The report said that reporting requirements for charitable organizations did not fully encompass all aspects of executive compensation. As a result, the attorney general’s office will now require all senior executive employment agreements to be disclosed as part of charitable annual reports filed with the AG’s office and an explanation for the protection afforded."

California Latino Caucus reveals dozens of donors to its foundation - Sacramento Politics - California Politics | Sacramento Bee

California Latino Caucus reveals dozens of donors to its foundation - Sacramento Politics - California Politics | Sacramento Bee: "he Latino Legislative Caucus released the names of dozens of donors Monday that collectively have contributed more than"

IRS change creates difficult twist for small nonprofits

IRS change creates difficult twist for small nonprofits: "In Idaho, 1,407 nonprofit organizations lost their tax-exempt status in the past year because they haven't filed the required annual paperwork with the Internal Revenue Service for three years.

The list includes dozens of nonprofit organizations throughout the Magic Valley, many of them small entities that run the gamut from an organization tied to police officers to another that aids recovering drug and alcohol addicts. While the number is surprisingly high, a recent change to federal law likely played a big role in many cases."

New IRS rule aims to keep better track of Montana nonprofits

New IRS rule aims to keep better track of Montana nonprofits: "The Internal Revenue Service has revoked the tax-exempt status of 1,240 organizations in Montana, including 720 charitable nonprofits, according to the Montana Nonprofit Association. Most are considered defunct, but those that are still running may face hurdles with the IRS."

Charities must be allowed to campaign, Sir Stephen Bubb tells committee of MPs - Third Sector

Charities must be allowed to campaign, Sir Stephen Bubb tells committee of MPs - Third Sector: "Acevo chief executive counters concerns about spending on campaigning and advertising

Charities must be free to campaign in order to hold the government to account, Acevo chief executive Sir Stephen Bubb told a committee of MPs yesterday.

Bubb, speaking at the fifth evidence session of the Public Administration Select Committee inquiry into the big society, said charities had a strong tradition of 'working with government to change laws and also kicking government when it gets things wrong'."

Drovers CattleNetwork - Repeal of Ohio estate tax concerns transition planning professionals - Cattle News - Editorial, Grain & Cattle Markets, Current Stories

Drovers CattleNetwork - Repeal of Ohio estate tax concerns transition planning professionals - Cattle News - Editorial, Grain & Cattle Markets, Current Stories: "The primary concern is that the repeal, along with changes in the federal estate tax will serve as a disincentive to doing farm transition, business and estate planning,' said Peggy Hall, director of the Agricultural and Resource Law Program of The Ohio State University Extension. 'That's the concern I'm hearing from many attorneys.'"

Oregon Nonprofit Watch: Senate Bill 787; PCPA is audited; and more | OregonLive.com

Oregon Nonprofit Watch: Senate Bill 787; PCPA is audited; and more | OregonLive.com: "After some rest and relaxation, Oregon Nonprofit Watch is back -- tanner, fatter and happier.

A lot of stuff has happened the past 10 days, and we're here to catch up on a few things."

Feds to have freedom for nonprofit service -- GovExec.com

Feds to have freedom for nonprofit service -- GovExec.com: "Federal employees soon will be allowed to serve in their official capacities in nonprofit organizations.

Tuesday marked the end of a comment period on a proposed rule from the Office of Government Ethics that would lift a 15-year prohibition on federal workers acting as officers or directors in the nonprofit sector. Previously, unless granted a special waiver, government employees were barred from officially serving in any capacity involving fiduciary responsibilities that could conflict with their obligation to their agency."