November 21, 2008


IRS suggests transparency policies

IRS To avoid IRS scrutiny and audits, the agency says, nonprofits must lay out on the new Form 990 their policies on conflicts of interest, whistleblowers and employee compensation.

Giving News: In Brief

  • eQuilter online quilting resource awarded $600,000 to Engineers Without Borders-USA for water filtration and energy solutions in Rwanda.
  • American Society of Media Photographers awarded $85,000 to Picture Licensing Universal System Coalition for work to simplify image-rights management.
  • East Bay Community Foundation, Oakland, Calif., awarded $15,000 to Super Stars Literacy to help provide after-school literacy instruction in East Bay area.
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Nonprofit News: In Brief

  • A $100,000 fund in memory of Calder Willingham Womble was created at N.C. Bar Association for Legal Aid of North Carolina’s Loan Repayment Assistance Program.
  • Smyth & Helwys published “The Giving Myths,” book on donating in current market climate, by Steve McSwain.
  • KPMG LLP, Washington, D.C., received Corporate Citizenship Award from U.S. Chamber of Commerce for supporting educational community service.
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Opinion

Foundations can be smarter investors

By failing to use not only their grants but also their investable capital in support of their missions, foundations fail to meet their fiduciary duty.



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