What's the Buzz?

First, for the lawmakers charged with overseeing the tax-exempt community, it became increasingly difficult to pass sweeping reforms as was desired. At the start of such legislation, the zeal to capture every imagined wrongdoing was great as the legislators heard testimony from the charitable community. However, the reality of the legislative calendar and priorities resulted in charity “reforms” being broken into several parts, only some of which survived and passed into law through H.R. 4., the Pension Protection Act of 2006. Not to mention that one of the umbrella organizations for nonprofits and foundations, Independent Sector, spent many months putting together a broad range of issues and proposed solutions, which further slowed the regulatory train that was barreling down at the community, regardless of whether particular organizations were in favor of one proposal vs. another.