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Nonprofitxpress roundup – Bill to spend more irks funders

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Here are the top nonprofit headlines:

* A house bill would force U.S. foundations to give more money to charity every year, a move that has drawn fire from foundation officials, who say the measure would force them to spend themselves out of existence, The New York Times reported May 19.

* Charities could save $100 billion a year by tightening operations, McKinsey & Co. says, drawing fire from charities that concede the need to track their performance but worry they could suffer from McKinsey’s portrayal of them as spendthrifts, The New York Times reported May 10.

* State attorneys general, which serve as charity watchdogs, are becoming headhunters, picking board members and executives for troubled charities, a move that legal scholars and charity lawyers say gives the watchdogs the tricky job of regulating their own appointees, The New York Times reported May 11.

* In the wake of a report by the Washington Post that the Nature Conservancy sold scenic land to its own trustees, the group has suspended that and other practices, the Post reported May 13.

* The United Way of Miami-Dade ended funding for the local Boy Scouts of America affiliate, saying it did not keep its promise to help gay youngsters cope with their sexuality, The Miami Herald reported May 14.

* Nearly a dozen orchestras in the U.S. have shut down or risk closing, with orchestra administrators blaming the ailing economy but critics saying many orchestras have failed to adapt to change, The New York Times reported May 14.

* Despite the slumping economic, few CEOs of big New York City charities have faced cuts in pay and perks, the Daily News reported May 10.

* Some local foundations pay board members a lot more than their peers, while others spend more than they give to charity, the Baltimore Sun reported May 11.

* As the result of a conflict-of-interest settlement, Investor Protection Trust, a nonprofit in Washington, D.C., that never has had a permanent staff or office, is getting $27.5 million from six Wall Street firms over five years to teach investors to avoid scams, Bloomberg News reported May 11.

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