February 6, 2003

United Ways Approve New Financial Standards

By Grant Williams

Chief executives of the nation's United Ways have overwhelmingly approved new accountability, disclosure, and financial standards that will apply to their organizations and result in a stepped-up role for their national umbrella organization.

The practices are designed to make sure that donors get a clear picture of how their money is used, that the funds are used wisely, and that the 1,400 local United Ways accurately and consistently report overhead and program costs. Organizations

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