Posts by Suzanne Perry


March 11, 2010, 04:26 PM ET

Obama Names Charities to Share His $1.4-Million Nobel Award

President Obama today announced a list of 10 charities that will share his $1.4-million Nobel Peace Prize award.

"These organizations do extraordinary work in the United States and abroad helping students, veterans, and countless others in need," he said in a statement.

The organizations are:

• Fisher House, which provides housing for families of patients at major military and Veterans Administration medical centers -- $250,000

• Clinton Bush Haiti Fund, which raises money to help Haiti recover from the recent earthquake -- $200,000

• American Indian College Fund, which offers scholarships and helps tribal colleges -- $125,000

• Appalachian Leadership and Education Foundation, which helps young people in Appalachia pursue higher education -- $125,000

• College Summit, which works with elementary and middle schools and school districts to increase college enrollment rates -- $125,0...

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March 11, 2010, 12:35 PM ET

House Approves Quick Tax Break for Chile Donations

The House of Representatives has passed legislation to allow people who donate money to help victims of last month's earthquake in Chile to claim an itemized deduction on their 2009 tax returns. It would apply to gifts made through April 15.

The bill, H.R. 4783, which was approved on Wednesday, would also extend until April 15 a similar tax benefit that applies to donations for Haitian earthquake relief efforts. That measure expired on March 1.

The legislation will now be considered by the Senate.

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March 10, 2010, 05:22 PM ET

First Lady Plugs Playground Charity KaBoom

KaBoom, a charity that builds playgrounds, got a plug today from the country's most prominent anti-obesity advocate -- First Lady Michelle Obama.

Speaking to the National Parent Teacher Association, the first lady called KaBoom a "terrific nonprofit organization" and urged people to go to its Web site. "Right now they're working to map every single playground in the county so that parents can find the closest one in their neighborhood," she said. "I encourage you all to check it out and add the playgrounds in your own community to their list."

Ms. Obama's speech highlighted her new "Let's Move" campaign to end childhood obesity within a generation.

KaBoom issued a statement acknowledging the first lady's remark and said that once it has "a comprehensive map of the state of play across the nation, we'll be better able to target underserved areas, influence public policy, and help...

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March 10, 2010, 05:19 PM ET

Senate Agrees to Extend IRA Tax Incentive, Ease Pension Rules

The Senate adopted legislation today to extend through 2010 a tax break to encourage older people to donate money from their individual retirement accounts to charity. The measure allows people age 70-1⁄2 and older to give up to $100,000 a year from their IRAs without having to pay taxes on the distribution.

The legislation would also ease rules governing employer contributions to defined-benefit pension plans, a move that would offer relief to charities whose plans have suffered investment losses during the economic downturn.

The provisions are part of a bill, HR 4213, that would also extend unemployment insurance and health benefits, small-business loan programs, aid to states, and a variety of tax cuts. It now moves to the House for approval.

The House of Representatives already voted in December to extend the IRA tax break, which expired at the end of 2009. Both the Senate a...

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March 4, 2010, 03:00 PM ET

House Approves Jobs Tax Break for Nonprofit Employers

The House of Representatives today endorsed a Senate plan to give tax breaks to nonprofit and other employers that hire unemployed workers. The measure, included in a jobs bill, would exempt employers from paying Social Security taxes in 2010 for employees hired this year. 

Employers would also get an additional $1,000 tax credit for each worker they kept on for a full year, but this would apply to income taxes so would not benefit nonprofit groups.

The Senate approved its version last week.  The legislation now goes back to the Senate because the House amended other parts of the bill.

The Alliance for Children and Families has estimated the Social Security savings could help nonprofit groups create up to 18,000 jobs.

 

 

 

 

 

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March 2, 2010, 02:21 PM ET

Congress Urged to Help Charities Get Credit

Independent Sector, a coalition of charities and foundations, today again urged Congress to consider creating a program to provide bridge loans to nonprofit groups that are facing delays in getting paid by state and local governments.

"Without access to short-term funding, these nonprofits, whose work is critical to meeting the needs of the communities they serve, will be forced in the coming months to lay off more staff and close essential facilities, and some may shut down altogether," the group said in a written statement to the Senate Banking Committee.

The committee held a hearing today on proposals to help small businesses get credit. Independent Sector said lawmakers should consider allowing banks that received federal bailout money to fulfill their obligations under that program by making bridge loans to nonprofit groups. The money would go to organizations that have contracts ...

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February 16, 2010, 06:00 PM ET

Obama Nominates New National-Service Inspector General

President Obama said today he plans to nominate Jonathan Andrew Hatfield, deputy inspector general of the Federal Election Commission, as the new inexpector general of the Corporation for National and Communty Service.

The corporation, which manages AmeriCorps and other national-service and volunteer programs, has been without an inspector general since Mr. Obama removed Gerald Walpin from the post in June, saying he no longer had "fullest confidence" in him.

Mr. Walpin has sued the agency to get his job back and Sen. Charles Grassley, Republican of Iowa, opened an investigation into how the case was handled.

Mr. Hatfield has served in the Federal Election Commission's inspector general's office since 1994, becoming deputy inspector general in 2005.

The nomination comes just days after the Senate voted to confirm Patrick Corvington as the corporation's new chief executive.

 

 

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February 10, 2010, 11:41 AM ET

Senate Tax Credit Could Generate Up to 18,000 New Nonprofit Jobs

A tax credit that is part of a draft jobs bill that the U.S. Senate is now considering could provide $1-billion in benefits to nonprofit groups and generate from 8,000 to 18,000 new nonprofit jobs, according to an analysis by the Alliance for Children and Families.

The measure -- drawn up by Sens. Charles E. Schumer of New York and Orrin Hatch of Utah -- would exempt private employers, including nonprofit groups, from paying their share of Social Security taxes for employees they hire through the end of 2010. The new hires must have been out of work for at least 60 days.

They would get an additional $1,000 bonus if they kept the employee on the payroll for a full year.

The Alliance for Children and Families -- an association of human-services groups -- used Congressional Budget Office analyses on the impact of job tax credits to estimate how the proposal would affect nonprofit jobs,...

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January 29, 2010, 11:00 AM ET

Chart Outlines Nonprofit Impact of Supreme Court Campaign-Finance Ruling

Alliance for Justice, a coalition of advocacy groups, has published a chart outlining how the recent U.S. Supreme Court decision on corporate campaign spending affects nonprofit groups.

The ruling in Citizens United v. Federal Election Commission allows corporations -- including nonprofit advocacy groups covered by section 501(c)4 of the federal tax code -- to use money from their general treasuries to promote the election or defeat of political candidates, without having to set up separate political-action committees.

Previously, only 501(c)4 groups meeting certain criteria, such as accepting no business or labor contributions, had the right to make such "independent expenditures" -- that is, spending that is not coordinated with political candidates or campaigns.

The chart notes that tax-exempt groups must still comply with Internal Revenue Service rules, for example those that...

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January 22, 2010, 02:06 PM ET

Nonprofit Groups Again Urge White House to Amend Lobbyist Restrictions

A coalition of nonprofit groups has urged President Obama to revise the executive order he signed just over a year ago that limits the ability of lobbyists to get administration jobs, saying it had led to "unintended consequences" that undermine his goal of open government.

The rules should be changed to "welcome charitable lobbyists that represent large swaths of ordinary Americans to the table with business and government," says a letter that is signed by 13 groups, including the Alliance for  Children and Families, the Center for Lobbying in the Public Interest, Common Cause, Human Rights Watch, and the Leadership Conference on Civil and Human Rights.

Those groups have been unhappy with the executive order from the start, arguing the White House should distinguish between lobbyists that work for the public interest and those who aim to increase private profits.

The letter, sent on ...

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