October 1, 2009
How Much Information Should Foundations Disclose?
In May, charities began to file the redesigned Form 990, the informational tax return that most nonprofit organizations submit annually to the federal government. The new form is designed to be used for fiscal years beginning on or after January 1, 2008.
In an annual report released last year, the Internal Revenue Service referred to the redesign of the Form 990 as "the most significant" accomplishment of its tax-exempt division in the past 30 years. The report goes on to highlight
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