Nonprofit

Philanthropic Capitalism: What the Successful Do Next

“Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.” Andrew CarnegieWarren Buffett’s recent announcement that he was giving away billions of dollars is the latest example of what is coming to be known as “philanthropic capitalism”. Philanthropic capitalism is not a new concept, it’s been around in various forms since the 18th Century.
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Tax

IRS Reminds Charities to Avoid Political Campaign Activities During Election Season

The Internal Revenue Service (IRS) reminds charities to avoid becoming involved in political campaign activities during the coming election season.
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CYMA Announces $2.5 Million Software Grant Program

CYMA Systems Inc. of Tempe, Ariz., has announced a grant program for charitable organizations. Under the grant program, CYMA, a leading developer of not-for-profit accounting software, will provide a grant of over $2,700 in accounting software to qualifying 501(c)(3) organizations.
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Tax

Seller-Funded Down Payment Assistance Programs are Not Tax Exempt

The Sacramento, California-based Nehemiah Corp., a nonprofit mortgage assistance program, and 184 similar programs around the country, have been accused by the Internal Revenue Service (IRS) of operating a down payment scam and are no longer eligible for tax exempt status, the Sacramento Bee reports.
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Community News

Introducing Sage University for Customers, Prospects, & Business Partners

On Monday, Sage Software announced the launch of Sage Software University, a one-stop, all-inclusive resource for Sage Software training products and services, exclusively for Sage Software customers, prospects and business partners.Advertisement
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Foundation Tracks Philanthropy’s Response to Gulf Coast Disasters

The Foundation Center, a nonprofit organization that gathers and analyzes information on U.S. philanthropy, has released “Snapshot of Philanthropy’s Response to the Gulf Coast Hurricanes,” an overview of corporate and foundation response to the disasters. Data for this report comes from information provided by the institutional donors through press releases, web postings and other public announcements. The Center will be tracking foundation and corporate giving over the next several years and will publish extensive detailed analysis at the end of 2006 and 2007.
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Pages

Voice of the Editor

What makes a company a great place to work? Experience, a ConnectEDU company, uses criteria that include benefits, career advancement opportunities, culture, and work/life balance to form its annual list of the Best Places to Work for Recent Grads. BDO USA and Ernst & Young both made the Top 25 list. Read what makes these firms stand out and find out what can be done at your firm to entice college grads.

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Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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