November 29, 2001
Easing of IRS Policy Lets Relief Groups Disburse Funds Regardless of Need
Charities that collected disaster-relief funds following the September terrorist attacks say they will now be able to distribute money far more quickly because the Internal Revenue Service has reversed its longstanding policy requiring nonprofit groups to support only people who are financially needy.
But some charity representatives and financial advisers say the new policy, which only covers donations made to help victims of the September 11 attacks, could also carry problematic
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