China adopts new law on international nonprofits operating in mainland | CCTV America

China adopts new law on international nonprofits operating in mainland | CCTV America: "International nongovernmental organizations must secure approval from Chinese authorities before they can operate on the Chinese mainland, under a new law adopted by China’s top legislature Thursday.

This applies whether they are planning to open permanent offices or operate temporarily, The law states. Overseas nongovernmental organizations operating on the mainland without approval will be punished."



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Pre-Award Risk Assessment Under the Super Circular - The NonProfit Times

Pre-Award Risk Assessment Under the Super Circular - The NonProfit Times"Federal agencies have always had the authority to evaluate the level of risk a grantee represents before making a grant award. But with the advent of the Super Circular, pre-award risk-assessment requirements are more detailed and explicit.



In keeping with 2 CFR 200.205, federal granting agencies will now routinely evaluate your organization’s past performance, audits, and integrity prior to making an award."



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Steps to Catalyze Private Foundation Impact Investing | whitehouse.gov

Steps to Catalyze Private Foundation Impact Investing | whitehouse.gov: "Building ladders of opportunity for all Americans requires a focus on outcomes, creative thinking, willing partners, and a variety of financial resources. Through new guidance and regulations from US Treasury Department over the past six months, the Obama Administration has sent a clear message that private foundations can deploy a wide array of financial tools to achieve their charitable goals."



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AFP Rebuts Opinion Piece on Charitable Giving Incentive - Press - AFP

AFP Rebuts Opinion Piece on Charitable Giving Incentive - Press - AFP: "AFP has responded to a recent opinion piece in the Financial Post about the federal government reversing course in its budget on the capital gains exemption for some gifts of stock and land. Click here for the original piece, and below is AFP’s response, submitted by Dan Brunette, chair of AFP’s Canada Government Relations Committee."



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The Ongoing Overhead Myth and the Dangers of Overly Zealous State Legislators | Non Profit News | Nonprofit Quarterly

The Ongoing Overhead Myth and the Dangers of Overly Zealous State Legislators | Non Profit News | Nonprofit Quarterly: "Likely in response to this strong opposition, AB 2855 was amended in early April to instead require that all subject charitable nonprofits include a “prominent link” on the home page of their websites, and a corresponding web address on all documents soliciting charitable contributions, that directs visitors to the California Attorney General’s website. The amended version of AB 2855, in turn, requires the Attorney General to “develop and publish on the Attorney General’s Internet Web site, which contains information about charities, informational materials containing consumer rights and protections and charity resources to allow donors to become informed about a charity before making a decision to give” by no later than July 1st, 2017.

While possibly a slight improvement over the initial version, the amended AB 2855 still raises significant concerns for subject nonprofits and the sector as a whole, and has continued to draw significant and loud opposition. (CalNonprofits in particular has continued to oppose what it is calling the “Warning Label Bill” and has sent an additional letter to the Chair of the Assembly committee that was considering AB 2855.) In addition to the burden that the required additions to websites and solicitation documents would place on organizations, AB 2855 is also completely vague with respect to the nature of the information that will be included on the Attorney General’s website to “inform” donors about such nonprofits. Moreover, AB 2855 arguably compels speech in an unconstitutional manner by dictating specific content to be included on nonprofit websites and documents and seems ripe for challenge on this basis."



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Create a tradeable market for charity ‘debt instruments’, parliamentary group hears

Create a tradeable market for charity ‘debt instruments’, parliamentary group hears

ICYMI: Nonprofit Cash In Less Safe Territory - The NonProfit Times

ICYMI: Nonprofit Cash In Less Safe Territory - The NonProfit Times: "U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress that negative interest rates are not out of the question. “I wouldn’t take them off the table but we would have work to do to judge whether they would be workable here,” she said during testimony to the Senate Banking Committee.



Dan Busby, president of the Evangelical Council for Financial Accountability (ECFA), described negative interest rates as in the “imponderable” category on the potential negative impact on charities.

 "



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Why Your Board Cares About Fundraising Compliance and You Should, Too - Top Nonprofits

Why Your Board Cares About Fundraising Compliance and You Should, Too - Top Nonprofits: "ur nonprofit’s Board of Directors sets the direction of the entire organization. While the board’s primary duties include ensuring that the nonprofit’s funds actually further its charitable purpose, it also makes financial decisions on new programs, technology, and fundraising expenses. At the same time, your nonprofit’s employees and volunteers look to the board for the materials, technology, and approval to conduct their solicitation activities. Any real or perceived disconnect between board and staff can affect your whole nonprofit’s fundraising success!"



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New Charity Package Introduced in Senate - Press - AFP

New Charity Package Introduced in Senate - Press - AFP: "New Charity Package Introduced in Senate
Senators John Thune (R-S.D.) and Ron Wyden (D-Ore.)  have introduced a series of charity provisions called The CHARITY (Charities Helping Americans Regularly Throughout the Year) Act, which calls on the Senate to  ensure that the “value and scope of the deduction for charitable contributions is not diminished during a comprehensive rewrite of the tax code.”

The CHARITY Act, S. 2750, builds on several significant charitable tax provisions that were signed into law late last year, including one that makes permanent a law allowing taxpayers at least 70 ½  to make charitable contributions directly from their IRAs."



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IRA Rollover, Excise Tax Included In CHARITY ActThe NonProfit Times

IRA Rollover, Excise Tax Included In CHARITY ActThe NonProfit Times: "Legislation introduced in the Senate today would expand the IRA charitable rollover to include distributions to donor-advised funds (DAF) and create a 1-percent private foundation excise tax. The measure also contains a non-binding sense of the Senate that states charitable giving should be a goal of comprehensive tax reform."



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