Grassley Specifies Nonprofit Issues in Need of Legislative Reform
by Guest Blogger, 7/12/2006
In a letter to the Hill newspaper, Senator Charles Grassley (R-IA) identifies the issues he sees most pertinent in nonprofit reform. These are:
- Excessive compensation perks, pay and sweetheart deals involving officers and directors.
- Nonprofit groups that act more like for-profit businesses than charities.
- Inappropriate political activity.
- Lack of financial transparency and accountability to donors.
- Nonprofit hospitals that do not provide adequate charity care and community benefits.
- Tax-exempt organizations fronting as tax-shelters.
- Donor-advised funds and supporting organizations being used by the wealthy to protect business assets and take big charitable tax deductions with little or no money actually going to public charities.
- Charitable boards that are not engaged in their fiduciary responsibilities to ensure that the charity is operated appropriately and responsibly.
