A second discussion document from the Ministry of Commerce sets out new proposals regarding audit and assurance requirements for large and medium-sized charities. It follows a consultation on tentative proposals last year which indicated concerns that the requirements captured too many charities and that these charities were not resourced to meet the new demands. Under the new proposals, charities Read more
A bill was passed by Parliament on Thursday requiring professional fundraisers that raise money for on behalf of charities to disclose their fees and costs if the amount they retain exceeds more than of half the money collected. It received unanimous support. The Bill was drafted following reports that some professional fundraisers were keeping up Read more
Closer scrutiny of Charities is being proposed in a discussion paper released by Commerce Minister Craig Foss. “We don’t want a few organisations damaging the reputation of all New Zealand charities,” says Foss. “Charities make a valuable contribution to society and it’s important to get the balance right. They must be transparent and accountable but not Read more
Charities and the Not-for-Profit sector continue to be hit hard by the economic recession, with thousands of small US charities likely to close this year. In a new study released by the Nonprofit Finance Fund (NFF), an organization that surveyed nearly 2,000 nonprofit organizations, 87 percent report the decline in the U.S. economy continues to Read more