The original version of today’s section 501(c)(3) (which governs charitable organizations) was signed into law on October 3, 1913. The original law has been expanded since 1913, with additions of recognizing exemption for literary organizations, organizations that prevent cruelty to children or animals, organizations that test for public safety, and organizations that foster national or …
Posts Tagged: nonprofit organizations
Heightened Review of Fundraising Appeals
Have you ever wondered whether fundraising campaigns actually help nonprofits? The Better Business Bureau Wise Giving Alliance (BBB) is worried too, and recently announced its initiative to verify the truthfulness of these campaigns. The BBB is especially concerned about nonprofits failing to adequately oversee paid fundraisers, which the BBB believes frequently use misleading tactics to …