Grant Williams

Grant Williams
IRS Continues Its Focus on Governance Matters, Official Says

April 23, 2010, Chronicle of Philanthropy The Internal Revenue Service is not backing away from its controversial efforts to promote good governance by charities, according to its top nonprofit regulator.

The federal tax code does not explicitly set out governance standards for the IRS to enforce, but the tax agency in the past two years has been keeping an eye on charities' governance practices -- a move that has drawn criticism from some observers.

Congress Could Consider Creating New Category of Organization, Expert Says

April 16, 2010, Chronicle of Philanthropy As Congress eventually moves to consider making broad changes to the nation's tax structure, proposals could emerge that would take into account a "blurring of the lines" in recent years between nonprofit organizations and for-profit companies, according to Russell Sullivan, staff director for the Senate Finance Committee.

"We might see the emergence of some proposals to establish what I'll call, for the lack of a better term, a for-benefit corporation -- something that is in between a private taxable company that's under our rules of C corporations or S corporations and partnerships but also not under our rules having to do with charities," he said.

Number of Charities and Foundations Passes 1.2 Million

March 17, 2010, Chronicle of Philanthropy The number of charities and private foundations registered with the Internal Revenue Service increased by 4.3 percent from 2008 to 2009, reaching a total of more than 1.2 million, according to figures released by the tax agency.

House Votes to Keep Estate Tax at Current Levels

December 7, 2009, Chronicle of Philanthropy - The House of Representatives has passed a bill that would permanently keep the estate tax at levels that are in effect this year.

IRS Should Improve Oversight of Motor Vehicle Donations, ReportSays

Washington, October 15, 2009, The Chronicle of Philanthropy -- The Internal Revenue Service is not doing enough to make sure that donors of motor vehicles — and the charities that receive the gifts — are following the law so that donors do not take unsubstantiated tax deductions, according to a report from the Treasury Inspector General for Tax Administration.

Americans Report Making $47-Billion in Noncash Gifts

Washington, August 26, 2009, The Chronicle of Philanthropy — Americans reported making donations of $46.8-billion in noncash gifts in 2006, counting only the taxpayers who took total deductions of more than $500 for such gifts during the year, according to a new report from the Internal Revenue Service.

Senate Committee Discusses Change in Treatment of Hospitals' Tax Status

May 19, 2009, The Chronicle of Philanthropy — The two top members of the Senate Finance Committee have released what they call policy options for revamping the nation’s health-care system that include a change in how the tax-exempt status of nonprofit hospitals would be handled under federal law.

IRS Releases Long-Awaited Report on Hospital Pay and Services

The Internal Revenue Service today released findings from a much-anticipated study of nearly 500 nonprofit hospitals that is sure to raise controversy over how much compensation hospitals pay to top officials and how hospitals set that compensation.