Tax, Legal & Compliance

The latest development comes in a court document the university filed earlier this month, according to the Centre Daily Times. In it, Penn State asked that the insurers of Sandusky's former charity, The Second Mile—which asked to shut down in January and received the judge's OK in March—help foot the victims' settlement costs...

It’s not often that a nonprofit organization provides an object lesson in leadership, financial management, culture and governance all at once. But the grim, at times horrifying, tale of Healing Arts Initiative (HAI) is a special case. HAI is—or, it appears, was—a New York nonprofit that supported the area needy and elderly through arts performances.…

U.S. Rep. Corrine Brown of Florida and her chief of staff have been charged with multiple counts of fraud and other federal offenses in a grand jury indictment unsealed Friday after a federal investigation into a fraudulent charity with ties to the congresswoman. Brown, a 69-year-old Democrat, appeared Friday in Jacksonville federal court on charges…

The Department of Labor in May announced new overtime rules, effective Dec. 1, that will make millions more Americans eligible for overtime. Predictably, reaction has been mixed, but it wasn't clear exactly how the rules would affect the sector. Now, we have a better understanding. National Council of Nonprofits last week released the results of a national survey polling nonprofits with government grants and contracts on the overtime rule changes, and the results are, well, kinda grim...

FBI Director James Comey refused to say Thursday whether the bureau investigated the Clinton Foundation as part of its probe into Hillary Clinton’s handling of classified information as secretary of state. “Did you look at the Clinton Foundation?” House Oversight Committee Chairman Jason Chaffetz asked. “I’m not going to comment on the existence or non-existence…

Navigating the maze of the financial, compliance and reporting requirements for charitable fundraising can be a daunting experience for charities and their fundraisers and sponsors. Currently, 45 states and the District of Columbia have some degree of statutory regulation of charitable solicitation activity conducted within their borders. Many states—though not all of them—require registration and reporting of financial and other information...

A Jewish group associated with the Kars4Kids charity is trying to wrest a Staten Island synagogue away from its congregation, the synagogue’s members charge. Oorah Inc., which is funded by Kars4Kids, claims in a lawsuit that the Young Israel of Eltingville synagogue owes it $1 million, a sum the congregation says it can’t afford to…

An earthquake fractured many lives in Haiti in 2010, with 1.5 million losing their homes and 160,000 losing their lives. To help Haitians pick up the pieces, many donated to the American Red Cross, which received about $487.6 million in donations. Those funds went to the Haiti Assistance Project, an initiative that projected to build 700 homes in the nation's poor neighborhood of Campeche...

A court order forced the IRS to release a lengthy list of groups that applied for nonprofit status and were given extra scrutiny based on their political views...

A couple of months ago, we talked about inputs, activities, outputs and outcomes, saying that the closer you can get to measuring whether you actually help people, the better you are. Charity Navigator measures the amount spent on activities. So according to the organization, you would be better off spending $20 to help 10 people…