MANDATORY Compliance with the I.R.S.’ VOLUNTARY Best Practices

"Rise Above" by KaleCraneA charitable foundation’s worst fear is that its grant will be used for non-charitable purposes. The U.S. Internal Revenue Service (IRS) stresses that this risk increases drastically when dealing with foreign grant making and expenditures.[1] The U.S. Department of the Treasury released its third and final version of its “Anti-Terrorist Financing Guidelines: Voluntary Best Practices for U.S. Based Charities” (VBP) in September of 2006 to help charities implement procedures that will reduce the risk of unintended diversions of funds to terrorist causes.

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The Weekly Balance Sheet: July 25

A list of the great article I’ve read and posted to Twitter from July 19 – July 25, 2010.  This week’s categories include: Strategy & Governance; Social Media, Internet & Fundraising; Economy & Finance; and Jewish & Israel (Nonprofit) News. Continue reading

The Weekly Balance Sheet: July 19

A list of the great articles I’ve read and tweeted from July 12 -18, 2010. This week’s categories include: Governance & Strategy; Marketing & Fundraising; Social Media; and Jewish/Israel (Nonprofit) News. Continue reading

Insight Not Accuracy: Why The New York Times is Important

"Magnifying Glass" by deejaynyeA recent New York Times’ article attacked American charities that help build communities in  Israel’s West Bank and IRS policy that enables donations to these organizations to be tax-deductable.  As with any piece about the Palestinian-Israeli conflict, many people have been quick to attack or defend the veracity of the article.

To nonprofit organizations, the value of the article is not the accuracy of the authors’ claims, but rather the article’s insight into current concerns and trends influencing the nonprofit sector.  These can serve as warnings and guidelines to US charities that operate internationally. Continue reading

The Weekly Balance Sheet: July 12

A list of the great articles I’ve read and posted to Twitter from July 4 – July11, 2010. This week’s topics include: Strategy & Governance; Social Media & Internet; Fundraising; and Economy & Finance. Continue reading

The Weekly Balance Sheet: July 5

A list of the great articles I’ve read and posted to Twitter from June 27 – July 3, 2010. This week’s topics include: Strategy & Governance; Social Media, Internet & Fundraising; Economy & Finance; and Jewish & Israeli (Nonprofit) News. Continue reading