Law Commission proposes statutory power to make social investment

Law Commission proposes statutory power to make social investment: "The Law Commission has recommended new rules to give charities a statutory power to make social investments in a  paper published today.

A report, entitled Social Investment by Charities: The Law Commission’s Recommendations, says that generally charities already have the power to make social investments, but there is a lack of clarity among many trustees about exactly what they are allowed to do.
The report follows a consultation earlier this year which was broadly welcomed by the sector."



'via Blog this'

Mich. Nonprofits Rally Against State Rules on Charity Poker – Philanthropy Today - Blogs - The Chronicle of Philanthropy

Mich. Nonprofits Rally Against State Rules on Charity Poker – Philanthropy Today - Blogs - The Chronicle of Philanthropy

Two Senators Craft Bills to Yank NFL’s Nonprofit Status – Philanthropy Today - Blogs - The Chronicle of Philanthropy

Two Senators Craft Bills to Yank NFL’s Nonprofit Status – Philanthropy Today - Blogs - The Chronicle of Philanthropy

Two Senators Craft Bills to Yank NFL’s Nonprofit Status

A Democratic senator said Tuesday that he has introducedlegislation to revoke the tax-exempt status of the National FootballLeague and other nonprofit professional sports bodies, while anotherDemocratic lawmaker announced plans to file a measure specifically targeting the NFL, ABC News and Politico report.

Amazing Raise returns tomorrow, sets $2 million goal - RVANews

Amazing Raise returns tomorrow, sets $2 million goal - RVANews

The 4th annual Amazing Raise, the 36-hour online fundraiser supporting local nonprofits, begins tomorrow at 6:00 AM. The Community Foundation,
organizers of the annual fundraiser, hopes to raise $2 million for the
619 local nonprofits participating in this year’s event.


So how does it work?

Study: Rep. Camp’s Tax Plan Could Cut Giving by $34-Billion – Philanthropy Today - Blogs - The Chronicle of Philanthropy

Study: Rep. Camp’s Tax Plan Could Cut Giving by $34-Billion – Philanthropy Today - Blogs - The Chronicle of Philanthropy

A new analysis of House Ways and Means Committee Chairman Dave Camp’s
tax-reform proposal predicts it would reduce U.S. charitable giving by 7
percent to 14 percent, The Hill
reports. That could mean up to $34-billion in lost donations, based on
last year’s total giving of $240-billion, according to the study from
the Tax Policy Center and the Urban Institute’s Center on Nonprofits and
Philanthropy.

No charge to register with Northern Irish charity regulator, says Frances McCandless | Third Sector

No charge to register with Northern Irish charity regulator, says Frances McCandless | Third Sector

The chief executive of the Charity Commission for Northern Ireland moves to quash a rumour that it will make charities pay when they apply to go on the compulsory register

Federal Government Clarifies New OMB Grant Reforms | Common Good Vermont Blog

Federal Government Clarifies New OMB Grant Reforms | Common Good Vermont Blog 



The federal government has taken steps to deliver on its recent promise
that nonprofits will be paid the true costs for performing work on
behalf of governments. In recently published Frequently Asked Questions(FAQs),
the federal Office of Management and Budget (OMB) removes much of the
gray area in the mandate that pass-through entities (typically state and
local governments) using federal funds must pay federally negotiated
rates for indirect cost or, if such a rate doesn’t exist, pay at least a
10 percent rate to eligible nonprofits.

AFP's Response to National Post Article on Policing of Political Activities of Charities - Press - AFP

AFP's Response to National Post Article on Policing of Political Activities of Charities - Press - AFP

Recently, Andrew Coyne penned this column in
the National Post focused on the policing of political activities of
charities. Coyne concluded that the best means of addressing the
situation is to “take away the charitable tax designation—not
selectively, based on their ability to dance on the head of a CRA pin,
but across the board, outright.”

Could The IRS Disallow Ice Bucket Challenge Charitable Contributions?

Could The IRS Disallow Ice Bucket Challenge Charitable Contributions?

OK, rest easy; the IRS isn’t coming after your ALS donation. While the
principle of donative intent is very real, in recent years, the courts
have tied this principle to a “quid pro quo test,” which states that