Charity reforms remain on agenda

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

* Charity reforms, including measures designed to promote giving and improve accountability, said by previous reports to have been removed from the pending federal tax reconciliation bill, still are being considered, Tax Analysts reported April 17.

* Hyundai Motor apologized for an ongoing bribery scandal in which three employees have been arrested and several executives have been barred from international travel, and the chairman’s family pledged to donate to charity $1 billion in a Hyundai affiliate’s shares, Reuters reported April 19. The donation will not affect the investigation, officials say.

* An internal investigation of United Way of New York City says that in 2002 and 2003 its former leader, Ralph Dickerson Jr., diverted $227,000 of charitable assets for personal use, The New York Times reported April 14. Dickerson, who left the organization in 2003, is not currently facing charges but has agreed to reimburse the organization.

* In 2005, President Bush and his wife, Laura, contributed $75,500, or about 10 percent of their income, to churches and other tax-exempt organizations, according to their tax returns, The New York Times reported April 14.

* Yale University has received the Chinese government’s authorization to trade domestic stocks and bonds, making it the first foreign university to be granted access to China’s securities market, The Wall Street Journal reported April 20.

* Martha Verdone, president of the Boston-area Copeland Family Foundation, improperly used foundation funds to set up a “generous” pension plan for herself and two trustees, and must return $1.2 million to the foundation in an agreement reached with the office of Attorney General Thomas F. Reilly, The Boston Globe reported April 14.

— Compiled by Laura Newman

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