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Nonprofit panel makes recommendations

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Here are the week’s top nonprofit stories reported elsewhere:

* The Panel on the Nonprofit Sector, created to provide input to the Senate Finance Committee on rectifying abuses in the sector, released a report containing more than 120 recommendations, including more funding for government oversight, requiring more accountability from the sector and increasing disclosure around executive compensation, the New York Times reported June 23.

* Steady growth in the U.S. economy is fueling a spurt in philanthropic donations, Reuters reported June 16.

* With the national turnover rate for fundraisers totaling 25 percent in the U.S. in 2003, and 34 percent in Canada, the problem of filling fundraising jobs in the New York area is tough and becoming critical, The New York Times reported June 19.

* In the face of growing pressure to strengthen governance practices and ethics codes, many nonprofits are adopting governance practices spelled out in the 2002 Sarbanes-Oxley corporate-reform law, Carol Hymowitz, leadership columnist for The Wall Street Journal, said in her column June 21.

* Bipartisan support is growing in the U.S. House for a plan to create an affordable-housing fund by setting aside a small share of profits from Fannie Mae and Freddie Mac, the federally sponsored mortgage-finance agencies, although the Bush administration opposes the plan because it is part of broader legislation to provide tighter federal oversight of both agencies, The New York Times said in an editorial June 16.

* Nonprofit associations are pitting state and local governments against one another in competing for associations’ headquarters, the Chicago Tribune reported June 15.

* A nonprofit official in Framingham, Mass., has criticized critics who say the town provides a disproportionately high number of social services and that local agencies benefit from not having to pay taxes on some of their properties there, the Boston Globe reported June 16.

* The NAACP named a former Verizon Communications executive as its president and chief executive, marking the first time in decades the organization has note picked a politician or minister to lead it, The New York Times reported June 16.

* A new study by the Charities Aid Foundation says the average amount of money donated to the top 10 fundraising charities in Britain grew 2 percent faster than the average for the top 500 as a whole, widening the gap between the top and bottom earners, BBC News reported June 17.

* China’s minister of civic affairs said the government would take steps to ensure tax-exemption policies for donors take full effect to boost the nation’s charities, the People’s Daily Online reported June 20.

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