Booming nonprofit sector urged to meet higher standards
The nonprofit sector had grown too big and is feeding on itself, generating greater public attention and scrutiny and requiring nonprofits to hold themselves to higher standards, the director of the Nonprofit Center at the School of Business at La Salle University said in an opinion column in the Philadelphia Inquirer on Jan. 11 (see nonprofit boom story).
Tax bill includes tax break for rollovers from IRAs to charity
The tax bill that Congress passed in December includes a provision lets older people roll over up to $100,000 from their Individual Retirement Accounts, or IRAs, directly into a charity, letting donors satisfy the requirement that they spend down their IRAs each year, but without padding their annual taxable income, the Star Tribune in Minneapolis reported Jan. 10 (see charity rollover story).
Former D.C. schools chief’s nonprofit issues education policy agenda
A policy agenda for education throughout the U.S. released by a nonprofit education-reform advocacy group formed last month by Michelle Rhee, former chancellor the District of Columbia schools, raps tenure and teachers’ unions while praising her hallmarks like merit pay and Teach for America, The Examiner in Washington, D.C., reported Jan. 10 (see education reform story).
Nonprofits worry about impact of utility merger on charitable giving
The planned merger of Charlotte-based Duke Energy and Raleigh-based Progress Energy, forming what would be the largest electric utility in the U.S., has raised questions among charities about the impact of the merger on the two companies’ combined charitable giving, which in 2010 totaled $25.5 million, The News & Observer in Raleigh reported Jan. 11 (see utility merger story).