Very interesting blog entry in The Chronicle of Philanthropy on Sept. 20, 2010, regarding the scrutiny of the “Arrangements Between Charities and Fund-Raising Companies.” http://bit.ly/lfnp106. The article sites a St. Louis Post-Dispatch article (http://bit.ly/lfnp107) regarding the the transparency of donations. Donors “often do not realize that most of their donations are going to the fundraising …
Posts Tagged: Transparency
Rules of Disclosure: Non-Profit Documents General Public Has Rights To
What information must a nonprofit disclose to the general public? This question has come up several times in the past few months. The IRS and some states require nonprofits to provide certain items upon request. However, often times, members of the public ask for documents they have no right to view. The IRS requires tax-exempt …
Foundations Mixing Public and Private Funds…
… is Fund-amentally Dangerous! In the ever-increasing scrutiny over the transparency of nonprofit accounting, the California State University system is learning a lesson about improperly mixing nonprofit funds with private funds. In an August 25, 2010 article in the Los Angeles Times by Carla Rivera, “A faculty group said it has found evidence that California …
Lawmakers Look To Cut NonProfit Salaries
Budgets are getting tightened or slashed from coast-to-coast. And lawmakers are looking at cutting the salaries and retirement compensation paid to the leaders of big nonprofits. According to the July 26, 2010, New York Times article, “Lawmakers Seeking Cuts Look at Nonprofit Salaries” by Stephanie Strom (http://nyti.ms/9leP6m), Senators on Capitol Hill are refusing federal grant …