Senate Investigates Non-Profits

The US Senate holds a hearing on the behavior of non-profits. “The U.S. Senate Finance Committee hearing focused on abuses that may occur at up to 10 percent of the nation’s 1.6 million charities. The abuses — ranging from inept oversight by volunteer boards of trustees to the willingness to become partners in tax shelter schemes — cost the nation billions of dollars each year, Internal Revenue Service Commissioner Mark Everson said.”