Banks’ Philanthropy Needs Greater Oversight, Says Watchdog
The National Committee for Responsive Philanthropy offers guidelines for regulators to use in assessing mergers of financial institutions.
By Caroline Preston
Contributor
IRS ‘Dirty Dozen’ List Includes Charity Abuses
The Internal Revenue Service’s annual list of the top 12 tax scams in the U.S. includes the misuse of noncash donations to charities.
By Caroline Preston
Contributor
Can Philanthropy Strengthen Occupy Wall Street?
Foundation officials look to share ideas on supporting economic-justice advocacy.
By Caroline Preston
Contributor
MacArthur Honors 15 Nonprofits for Creativity and Effectiveness
Winners don’t apply but are selected by the foundation to receive prizes ranging from $350,000 to $2.5-million.
By Caroline Preston
Contributor
Canada Revokes Nonprofit’s Status, Saying It Was a Tax Shelter
The nonprofit was accused of allowing donors to receive inflated tax breaks for donations of medicine.
By Caroline Preston
Contributor
Watchdogs Zero In on Charity Drug Valuations
Charity Navigator is asking for feedback on how to rate humanitarian organizations that have recorded a big drop in revenue due to a change in the way they value medications.
By Caroline Preston
Contributor
Some Donors Flee Komen for Other Cancer Groups
Nonetheless, some charities worry supporters will stop giving to the cause altogether because of the controversy that erupted in the past week.
By Caroline Preston
Contributor
Most-Generous Donors Gave More in 2011 but Still Lag Their Pre-Recession Pace
The 50 biggest donors contributed $10.4-billion last year, up from $3.3-billion in 2010.
As Tensions Over Wealth Gap Rise, the Rich Are Giving More
The nation’s 50 most-generous donors continued to direct most of their giving to colleges, foundations, and other causes rather than social-service groups. See the entire Philanthropy 50.
Update: IRS Levies Fine on Food for the Hungry Over Drug Valuations
The big aid charity was accused of misleading donors by overstating its revenue. The charity says the IRS was off base in its response.
By Caroline Preston
Contributor