Tougher charity rules seen unlikely

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

* The minority chief tax counsel for the Ways and Means Committee in the U.S. House said Congressional backing for sweeping changes in regulating governance of charities had shrunk in the wake of efforts by the nonprofit sector to acknowledge charitable abuse, to show it was not widespread, and to offer solutions, Tax Analysts reported Nov. 1.

* The final report of the President’s Advisory Panel on Federal Tax Reform included six recommendations to boost incentives for charitable giving and improve tax administration, Tax Analysts reported Nov. 2.

* With running a college becoming more complex and fundraising pressures growing, schools are focusing less on presidential candidates’ scholarly credentials and more on their business and fundraising experience, the Associated Press reported Nov. 2.

* A report by the Capital Research Center of Washington, D.C., criticizes Self-Help, a Durham, N.C., community development bank, and its founder Martin Eakes, alleging insider lending, understating of loan risk, and a shift away from serving its target population, claims Eakes and federal and state regulators deny, the News & Observer reported Nov.  4.

* Starting in the 2006-07 school year, tuition at the Yale School of Music will be fully subsidized, thanks to a $100 million gift from donors who wish to remain anonymous, the school said.

* The government relations office of the Council on Foundations said a drafting oversight in the Charitable Giving Act reduced the excise tax on net investment income paid by private foundations, an oversight that congressional staff is working to correct, the Southeastern Council on Foundations reported Nov. 1.

* The Bill & Melinda Gates Foundation awarded $258.3 million in grants to speed prevention and treatment of malaria, the Washington Post reported Oct. 31.

* A report to the British government said charities are choking on bureaucratic “red tape” and are being denied the chance to develop services government wants them to take over, the Guardian reported Nov. 1.

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