Philanthropy of Megabanks Mediocre, Lacks Transparency - National Committee For Responsive Philanthropy

Philanthropy of Megabanks Mediocre, Lacks Transparency - National Committee For Responsive Philanthropy: n "Take and Give: The Crimes and Philanthropy of Bank of America, Wells Fargo, Goldman Sachs and JPMorgan Chase," NCRP reports that the megabanks constantly use philanthropy to counter their bad image from the central role they played in the economic meltdown and their serial lawbreaking. Yet, the quality and quantity of the megabanks' philanthropy are mediocre and it lacks transparency.

New Research Highlights Top Nonprofits Making a Difference in San Francisco Bay Area Education and B

New Research Highlights Top Nonprofits Making a Difference in San Francisco Bay Area Education and B: New Research Highlights Top Nonprofits Making a Difference in San Francisco Bay Area Education and Bay Area Arts and Culture
As the Giving Season Heats Up, Donors Are Urged to Research before They Give

Release date: December 18, 2012

Washington, D.C.—Philanthropedia, a division of leading nonprofit information provider GuideStar, today announced new rankings of the top 17 nonprofits working in education in the San Francisco Bay Area and the top 21 nonprofits working in the field of arts and culture, also in the Bay Area. The rankings are a re-evaluation of initial research presented in 2010 and are based on new in-depth surveys and conversations with hundreds of experts, including academics, funders, grantmakers, policy makers, consultants, etc., in

ECFA Commission Concludes No New Rules Needed on Unreasonable Nonprofit Compensation

ECFA Commission Concludes No New Rules Needed on Unreasonable Nonprofit Compensation: About two years ago, Senator Chuck Grassley (R-IA), ranking member of the Senate Finance Committee, asked his staff to investigate media-based ministries and make recommendations about how to address self-dealing and questionable executive compensation levels and practices. Their recommendations were pretty dramatic: change which organizations are given nonprofit status by IRS, expand penalties on self-dealing, and establish new regulations to make sure that that nonprofits, particularly religious organizations, did not reward their leaders in an extravagant and excessive manner.

Rather than press for these legislative and regulatory changes, however, Senator Grassley asked the Evangelical Council for Financial Accountability (EFCA) to seek solutions that relied on self-regulation and not new laws. ECFA, in turn, formed the Commission on Accountability and Policy for Religious Organizations and broadened the focus to the entire nonprofit sector. About 80 representatives of the nonprofit sector were members of the commission and various committees. The committee produced a report, Enhancing Accountability for the Religious and Broader Nonprofit Sector, in December 2012.