IRS gives nonprofits 80 more days to file
The IRS says thousands of nonprofits that failed to file returns have 80 extra days to register before losing their losing their tax-exempt status, The Denver Post reported July 26 (see IRS filing story).
IRS says some colleges fail to report all taxable income
The director of the exempt organizations division of the IRS says some colleges and universities may not be reporting the full extent of their taxable income, Bloomberg reported July 26 (see nonprofit colleges story).
Funder transparency urged
British think-tank New Philanthropy Capital says funders should promote transparency at charities by rewarding those that are open in their processes for recruiting, training and evaluating trustees review, Third Sector reported July 27 (see funder transparency story).
Boy walking across America for homeless
A 12-year-old boy is walking across the U.S. to raise money for homeless children, The New York Times reported July 27 (see 12-year-old fundraiser story).