Senator Grassley Will Continue to Monitor Nonprofit Activity
by Amanda Adams*, 3/1/2007
Reported comments by Senator Charles Grassley (R-IA) indicate his plans to continue increased oversight of the nonprofit sector. In a BNA Money and Politics ($$) article covering Fannie Mae's decision to end its charitable foundation and create an Office of Community and Charitable Giving, Grassley was quoted several times with concern of nonprofit practices. Last year's Senate Finance Committee investigation into whether nonprofit groups deserve tax-exempt status was noted. Grassley was quoted as saying, "I'm not done looking into non-profits and political activity."
Grassley's new release said there are still "very serious questions to be answered about organizations using their non-profit status to launder inappropriate activity" and that he will continue to push for tough enforcement and new legislation where needed. The release said he continues to investigate whether foundations, including Fannie Mae's, engage in inappropriate activity for non-profit groups, such as political activity.
