Mikulski Announces Senate Passage of Legislation Protecting Economic Security of Those at High Risk of Terrorist Attack - Top News - InsuranceNewsNet.com

Mikulski Announces Senate Passage of Legislation Protecting Economic Security of Those at High Risk of Terrorist Attack - Top News - InsuranceNewsNet.com: U.S. Senator Barbara A. Mikulski (D-Md.) today announced Senate passage of the Terrorism Risk Insurance Program Reauthorization Act of 2014, legislation she cosponsored to extend the Terrorism Risk Insurance (TRIA) Program protecting the economic security of businesses and organizations at high-risk of terrorist attack.

GUEST COLUMN: Regulatory wake-up call for nonprofits - Buffalo - Business First

GUEST COLUMN: Regulatory wake-up call for nonprofits - Buffalo - Business First: The regulatory alarm clock went off July 1, 2014, for not-for-profit corporations in New York State. That was the deadline for complying with the Non-Profit Revitalization Act of 2013, which strengthens corporate governance requirements and modernizes operating requirements.

Bipartisan House Super-Majority Passes "America Gives More Act" | Council on Foundations

Bipartisan House Super-Majority Passes "America Gives More Act" | Council on Foundations: H.R. 4719 includes several provisions of particular importance to foundations. First, it would make the IRA charitable rollover permanent through a provision adapted from legislation sponsored by Congressman Aaron Schock (R-IL-18). Second, the bill includes a provision, adapted from legislation introduced by Congressman Erik Paulsen (R-MN-3), to simplify the two-tier excise tax on private foundations by replacing it with a single rate of one percent. The Council on Foundations has supported both of these provisions for many years.

Y All the Fuss? | A challenge to the YMCA's tax-exempt status offers lessons for Treasure Valley businesses and nonprofits | News | Boise Weekly

Y All the Fuss? | A challenge to the YMCA's tax-exempt status offers lessons for Treasure Valley businesses and nonprofits | News | Boise Weekly: Normally, Ada County Commission meetings attract a handful of attendees. But at the July 3 meeting, the crowd swelled to around 220. Attendees included people from all walks of life, from the severely disabled and those living with illness or disease, to business professionals and athletic instructors.

The majority was there to show support for the Treasure Valley YMCA. In May, Ada County commissioners voted unanimously to reduce the West Boise YMCA's tax exemption rate from 100 percent to 19 percent. The change came on the heels of Axiom Fitness and Idaho Athletic Club both alleging the West Y's usage had dramatically changed to include more CrossFit and yoga facilities. But after hearing testimony from YMCA Chief Executive Director Jim Everett and beneficiaries of the Y's charitable services, commissioners reversed their earlier decision in a 3-0 vote July 2, reinstating the Y's 100 percent tax-exempt status.

Fundraising Professionals Hail New York Case Settlement, Encourage Donors to Take Wise Giving Steps | Motor E magazine

Press Release



Fundraising Professionals Hail New York Case Settlement, Encourage Donors to Take Wise Giving Steps | Motor E magazine: Arlington, VA (PRWEB) July 16, 2014

The Association of Fundraising Professionals (AFP) applauds the recent investigation by the New York State Attorney’s General Office into the Disabled Veterans National Foundation (DVNF), calling it a victory for ethical charities and fundraisers.

N.Y. State Delays a Board Provision of New Law on Nonprofits – Philanthropy Today - Blogs - The Chronicle of Philanthropy

N.Y. State Delays a Board Provision of New Law on Nonprofits – Philanthropy Today - Blogs - The Chronicle of Philanthropy: New York Gov. Andrew Cuomo signed legislation last week delaying a provision of the state’s sweeping overhaul of charity regulations that would bar employees of a charity from chairing its board of directors, reports the Associated Press.

Legislative sponsors of the bill said they wanted more time to study the impact of the restriction, which was sought by state Attorney General Eric Schneiderman as a means of ensuring board independence. The provision is now set to take effect on Jan. 1, 2016.

7520 Rate for July Stable at 2.2% | Planned Giving Design Center

7520 Rate for July Stable at 2.2% | Planned Giving Design Center: For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for July 2014 is 2.2%; Stable with last month's rate.