New Massachusetts Rules Target Financial Abuses

The news comes as the Senate Finance Committee, led by Sen. Chuck Grassley (R-Iowa), is preparing to foist a new set of federal laws and regulations -- the mother of all legislation governing charities. As experts attest, at a minimum, the majority of nonprofit organizations -- and there are 1.2 million charities, churches and social welfare groups in our country (about 85,000 new ones each year) -- will have to add accounting or legal staff just to handle compliance.