News & Articles
Financial statements of nonprofits display net assets (equity) in three classes: unrestricted, temporarily restricted and permanently restricted. These categories are based on the existence or absence of donor-imposed restrictions and are defined in the accounting standards under FASB ASC 958-210-20.
A major donor to Share Our Strength’s No Kid Hungry campaign has reportedly taken at least $50,000 of $70,000 in donations back from the group, citing lack of programmatic progress.
The Internal Revenue Service (IRS) in the last year has reduced a backlog of tax-exempt applications but it did not come without risks.
The Netherlands is the top country for philanthropic freedom, followed by the United States. That’s according to a new report, the Index of Philanthropic Freedom, published by the Hudson Institute’s Center for Global Prosperity in Washington, D.C.
The NAACP chapter president under fire for questions about her race has resigned. Rachel Dolezal, president of the Spokane NAACP in Washington state, has announced her resignation via a post on the chapter’s Facebook page.
Fidelity Charitable was the second largest grant-maker in the United States last year behind only the Bill & Melinda Gates Foundation. The Boston, Mass.-based donor-advised fund (DAF) distributed almost $2.6 billion from more than 119,000 donors.
An appeals court has ruled that the Postal Regulatory Commission (PRC) was reasonable when determining that the impact of the 2007-09 recession is exceptional only for a limited time until it becomes the “new normal” and not permanent.
Unrest in Baltimore, Md. following the funeral of a man who died a week after being injured while in police custody forced some Charm City charities to close their offices, with staff working from home. Nonprofits have since begun the work to address the underlying causes of the violence and protests.
Schedule B or not Schedule B? That is the question…that an appeals court tried to answer in an ongoing battle over donor disclosure between the Center for Competitive Politics (CCP) and California Attorney General Kamala Harris.
What would happen if everyone in your office younger than 25 years old just disappeared? That’s the question asked — and hopefully answered — via a study released yesterday that examines youth employment and how to prepare your organization for the future.