In Foundations

Micronews on philanthropy.

Cohen: Scan Of Nonprofit Recommendations To Obama

From The Cohen Report:

During Barack Obama’s presidential campaign, his staff generated a series of specific proposals (contained in Helping All Americans Serve Their Country, aimed at building, supporting, mobilizing the nonprofit sector as an instrument of change and progress consistent with his overall policy platform.  This memorandum describes what nonprofit sector organizations have done to generate specific policy recommendations addressing, building on, or challenging the Obama/Biden platform (also contained in part in Blueprint for Change). Although some events are moving quickly with the new administration, it has been focused by necessity on generating an economic stimulus initiative.  The Obama Administration is less than a month old, its most significant nonprofit-specific appointments not yet formally announced, and the policy recommendations floated by nonprofit leadership organizations still have currency.  At this point, the question is not what has the Obama Administration done, much less set in stone, regarding nonprofit policy in its first month in office, but what messages and priorities are being conveyed by the nonprofit sector for the Obama appointees’ consumption and action.

Full article here.

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Filed under: nonprofits

WSJ: Nonprofits Push For Looser Endowment Rules (via @Philanthropy)

From the Wall Street Journal, by way of  the Chronicle of Philanthropy:

Universities, museums and other nonprofits battered by investment losses are pushing states to ease legal limits on spending so they can tap their endowments to avoid imminent layoffs and deep cuts to programs.

For colleges, in particular, the effort marks a startling turnaround, yet another example of the impact of the financial meltdown. Only a year ago, universities, with their $400 billion in endowment money, faced a congressional inquiry because of widespread concern they needed to spend more of their savings on financial aid for students. Now, colleges are finding that state laws aren’t letting them spend enough.

Full (WSJ) article here.

Via @Philanthropy.

Filed under: endowment, nonprofits

NY Daily News: Latino Nonprofits Feel The Squeeze

From the New York Daily News:

The bad economy has dealt a big blow to the city’s Latino nonprofits, many of which have been forced to cut hours, reduce services and even consider closing.

From theaters and language centers to housing and employment programs, organizations that have served the Latino community for decades are now struggling to stay afloat.

“The nonprofit sector is taking a triple whammy with the loss of funding from foundations, government and corporations,” said Lillian Rodríguez López, president of the Hispanic Federation, an umbrella group representing more than 90 Latino organizations in the city.

Full article here.

Via AFP.

Filed under: economy, nonprofits

Training Available For New IRS Form 990

From the Philanthropy Journal:

For the first time in 25 years, the IRS has completely revised its 990 tax form all nonprofit organizations must now file regardless of size.
Disclosures the new form requires will provide the public with increased and readily accessible knowledge about a nonprofit’s finances, management, and governance. . . .

This Philanthropy Journal webinar, presented by lawyer Marty Martin, JD, MPA, provides an introduction and overview to the key management, governance, and reporting issues required to complete the new form.

February 17th, 2009 1:00 PM through 2:00 PM [eastern]

Full information and registration here.

Filed under: events, government, nonprofits