New York Times for December 5, 2009 carried an article, “Charities Rise, Costing U.S. Billions in Tax Breaks.” After noting that the Internal Revenue Service approves 99 percent of all applications to become new 501(c)(3) charities, and that the $300 billion donated to public charities last year cost the U.S. treasury $50 billion in lost [...]
MinnPost and Philanthropy Potluck report on a prediction that the 2009-2010 biennium will begin with a $2 billion deficit for the State of Minnesota. Solving that problem will most likely result in tough choices that could restrict funding as in 2003-2004 when the state suffered a $4.5 billion deficit. Therefore, two questions: 1) have you [...]
Scott Russell covered “Nonprofits discuss how to improve their credibility” recently for MinnPost. Although the Thrivent Financial for Lutherans and Charity Review Council forum he cites looks at nonprofits in general, the observations are instructive for nonprofit historical organizations. On the one hand for historical organizations is the comfort of the often cited statistic that [...]
Over the years a lot has been said about what government and nonprofits could learn from business. In the latest issue of the McKinsey Quarterly, Richard Haass says in an interview that businesses could learn much from government. such as building up protections from man-made and natural disasters, or investing in literacy to create a [...]
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