Did Hollywood stars’ conservative alliance “Friends of Abe” come in for more IRS scrutiny than usual, a la Tea Party groups?
“In a famously left-leaning Hollywood, where Democratic fund-raisers fill the social calendar, Friends of Abe stands out as a conservative group that bucks the prevailing political winds.… MORE >>
In Detroit, foundations stepped in to cushion bankruptcy blow, but how much should philanthropy intervene when local government can’t do its job?
“The foundations that agreed to pool more than $330-million to smooth the way for a bankruptcy settlement in Detroit are proposing to use philanthropy in an unprecedented way to shore up a troubled city, going beyond traditional grant making to help cover municipal debts.The move raises the stakes in the perennial question about how much philanthropy should step in to cover functions normally undertaken by public bodies.… MORE >>
NH legislator argues if you’re providing services for a fee, you’re not a nonprofit, proposes bill to tax hospitals and colleges with over $2m in revenues.… MORE >>
Unhappy childhood plus charity work as an adult: “Beanie Baby” billionaire Ty Warner is on trial for tax evasion, and may mount a novel defense.
“The billionaire creator of Beanie Babies is in a Chicago federal courtroom for his sentencing on a tax evasion charge.… MORE >>
MA attorney general Coakley issued a 92-page study of nonprofit CEO salaries, concluding “not always clear” that compensation attracts talent.
“Nonprofit groups in Massachusetts are paying their chief executives huge amounts of money and giving them lavish perks unavailable to most workers, according to a new report from Attorney General Martha Coakley’s office that calls for reform in the way groups disclose executive compensation.… MORE >>
In TX governor’s race, Tea Partier Lisa Fritsch extols charitable giving as a conservative value, and points it out other candidates give less than she.
“Conservative broadcast commentator Lisa Fritsch, a candidate for governor, says that charitable giving is a conservative value – and that her donations prove she’s waaay more conservative than the race’s top contenders, Wendy Davis and Greg Abbott.… MORE >>
Not satisfied with scrutiny of conservative nonprofits, IRS turns its attention to muzzling the 501(c)4 category of tax-exempt organizations.
“Six months after the Internal Revenue Service’s inspector general revealed that the tax-collection agency had been targeting conservative organizations for added scrutiny and delaying their applications for tax-exempt status, the IRS has proposed new rules for handling political activity by nonprofits.… MORE >>
The IRS’ proposed new regulations curtailing political speech for 501(c)4 orgs are patently unfair, argues Douglas Levene in NRO.
“The IRS has just proposed new regulations that would effectively prevent many so-called 501(c)(4) organizations from engaging in political activity.… MORE >>
Unprecedented database for Detroit: The plan to catalog every “deteriorating or abandoned” building inspires hope for nonprofit Motor City Blight Busters.
“A new blight task force is starting its fight by developing the most extensive property database of deteriorating or abandoned structures in Detroit’s history.… MORE >>
In Los Angeles, lawmakers “frustrated” in trying to uncover how two power department nonprofits spent over $40 million, with nothing to show.
Frustrated by their struggle to learn how two Los Angeles Department of Water and Power nonprofit institutes spent more than $40 million of ratepayers’ money, commissioners of the publicly owned utility voted Tuesday to cut off funding to the organizations and asked the city controller to perform a sweeping audit of the accounts.… MORE >>