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Restricted donations rise

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Here are the week’s top nonprofit stories:

* The new generation of philanthropists, who acquired their wealth over the last decade, increasingly are tying their large gifts to demands about the use of the money, both as a way to assert their will and to enforce accountability in the groups they fund, the New York Times reported Nov. 15.

* Network for Good, a Vienna, Va., nonprofit, has sued United Way of the Bay Area in California for breach of contract and other allegations after losing almost $3 million in contributions when charitable-donations processor PipeVine, a spin-off of the United Way affiliate, folded last year, the San Francisco Business Times reported Nov. 11.

* The IRS is investigating executive compensation and other operational issues at several nonprofit hospitals in response to allegations that hospitals are placing a desire for money before the charitable missions that earned them tax-exempt status, American Medical News reported in its Nov. 22/29 issue.

* States supporting President Bush in the Nov. 2 election give more to charity than states backing Kerry, the Catalogue for Philanthropy’s Generosity Index suggests in its recent study comparing average income and average charitable giving, WorldNetDaily reported Nov. 12.

* Legislation suggested by New York State Attorney General Eliot Spitzer, including a requirement that CEOs and CFOs of larger nonprofits approve and verify financial statements, develop executive and audit committees and create policies to address board member conflicts of interest, likely will be taken up in the state legislature in January, Business First of Buffalo reported Nov. 15.

* Almost $9 billion in funding for public schools in the 1999-2000 school year came from non-government sources, including foundation grants, donations from businesses and fundraising efforts by students and parents, a trend that developed in response to decreasing state expenditures, the New York Times reported Nov. 15.

* Government should fund the infrastructure of Britain’s nonprofit sector, providing the operating money charities have trouble raising from traditional sources, charities minister Fiona Mactaggart said, as well as develop a clear regulatory framework that will allow nonprofits to show their public benefit, the Guardian reported Nov. 12.

* British nonprofits that share common interests should pool their financial reserves, allowing larger charities to help smaller ones in times of need and reducing the sector’s dependence on government, the head of the Charity Commission said at the Charities Aid Foundation national conference, the Guardian reported Nov. 11.

— Compiled by Ret Boney

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