WASHINGTON, DC -- The House Ways and Means Committee's oversight subcommittee is slated to hold a hearing on September 13 on tax-exempt college endowments. Lawmakers have been scrutinizing endowments given the rising costs of higher education. The endowments of private, nonprofit colleges are tax-exempt, and the schools are not required to spend a minimum percent of their endowments annually.
HARTFORD, CT -- The head of the Office of Early Childhood, Myra Jones-Taylor, is resigning from her position, effective Sept. 1. Jones-Taylor was originally appointed as executive director for the newly created Office of Early Childhood in June 2013. In May 2014, when the OEC became an independent, cabinet-level agency, she became commissioner. Jones-Taylor is leaving to seek other professional opportunities, according to a press release announcing her departure.
WASHINGTON, DC -- Nonprofits will soon be able to register in multiple states using a central electronic system, state regulators say, a project years in the making that could save some groups thousands of dollars and dozens of hours of staff time. The Single Portal Initiative is poised to halt a decades-old paper trail by which charities operating in multiple states register and file, often on hard copy, documents with each individual state. It also puts into the hands of regulators reams of searchable data that can be used to spot fraud and build legal cases against bad actors.
HARTFORD, CT -- Foundations are generally averse to replacing money lost through state cuts to direct services, but in Connecticut, where approximately $650 million has been lost to such cuts amid a state budget crisis, the Hartford Foundation for Public Giving is opting to offer $1 million to help groups adjust.
HARTFORD, CT -- Tom Condon of CT Mirror presents and discusses several options for an independent, nonpartisan public policy research center to study Connecticut issues. The main idea behind a nonpartisan policy center is to provide lawmakers with the best information on which to base decisions.
WASHINGTON, DC -- Tim Delaney, chief executive of the National Council of Nonprofits, comments on the recent legislation compromising nonprofits. Across the country, state lawmakers are introducing measures like these that trample on nonprofits’ constitutional rights — seeking to invade our boardrooms, muzzle what we say, and control how we spend our funds and run our programs.