Foundation Group » Commentary http://www.501c3.org Wed, 19 Jun 2013 21:28:27 +0000 en-US hourly 1 Spending Money on Overhead is OK, Says 3 Top Nonprofit Oversight Groups http://www.501c3.org/blog/spending-money-on-overhead-is-ok-says-3-top-nonprofit-oversight-groups/ http://www.501c3.org/blog/spending-money-on-overhead-is-ok-says-3-top-nonprofit-oversight-groups/#comments Mon, 17 Jun 2013 16:06:31 +0000 Greg McRay http://www.501c3.org/?p=7343

Just this morning the CEOs of Guidestar, Charity Navigator and BBB Wise Giving Alliance released a co-signed letter calling for an end to what they call “The Overhead Myth”.  This marks the first time the three leading nonprofit information providers have come together for a joint message and it is this: The point of this [...]

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]]> http://www.501c3.org/blog/spending-money-on-overhead-is-ok-says-3-top-nonprofit-oversight-groups/feed/ 0 IRS Exempt Organizations Director To Plead Fifth http://www.501c3.org/blog/irs-exempt-organizations-director-to-plead-fifth/ http://www.501c3.org/blog/irs-exempt-organizations-director-to-plead-fifth/#comments Wed, 22 May 2013 03:03:22 +0000 Greg McRay http://www.501c3.org/?p=7187

It is a shocking development in a story that continues to explode.  Lois Lerner, the Director of the Exempt Organization’s unit at the Internal Revenue Service, who is scheduled to appear before Congress tomorrow morning, has said through her lawyer that she will invoke her rights under the Fifth Amendment against giving incriminating testimony.  Her [...]

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]]> http://www.501c3.org/blog/irs-exempt-organizations-director-to-plead-fifth/feed/ 0 The First Head Has Rolled! http://www.501c3.org/blog/the-first-head-has-rolled/ http://www.501c3.org/blog/the-first-head-has-rolled/#comments Wed, 15 May 2013 22:54:26 +0000 Greg McRay http://www.501c3.org/?p=7157

Breaking News! – 6:45 pm (EDT), May 15, 2010 The first head has been chopped off in the unfolding IRS scandal.  President Obama just announced the resignation of IRS Acting Commissioner Stephen Miller. Who’s next?

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]]> http://www.501c3.org/blog/the-first-head-has-rolled/feed/ 0 Scandal At The IRS: What Does It Mean For Nonprofits? http://www.501c3.org/blog/scandal-at-the-irs-what-does-it-mean-for-nonprofits/ http://www.501c3.org/blog/scandal-at-the-irs-what-does-it-mean-for-nonprofits/#comments Wed, 15 May 2013 16:14:36 +0000 Greg McRay http://www.501c3.org/?p=7129

That’s the question everyone in our universe is asking this morning.  With the IRS Exempt Organizations division in the crosshairs, what will all this mean to nonprofits going forward?  It’s hard to guess until we see how explosive this gets. What we do know is outrageous.  EO Revenue Agents working in the Cincinnati, DC and [...]

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]]> http://www.501c3.org/blog/scandal-at-the-irs-what-does-it-mean-for-nonprofits/feed/ 0 IRS Guilty of Targeting Conservative Groups http://www.501c3.org/blog/irs-guilty-of-targeting-conservative-groups/ http://www.501c3.org/blog/irs-guilty-of-targeting-conservative-groups/#comments Mon, 13 May 2013 21:12:58 +0000 Greg McRay http://www.501c3.org/?p=7107

So, it turns out that the IRS Exempt Organizations division has been targeting for intense scrutiny conservative and right-leaning nonprofits which were applying for tax exempt status.  This was admitted in an preemptive apology by Exempt Organizations director, Ms. Lois Lerner, in a news conference this past Friday.  Ms. Lerner also stated that this was [...]

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]]> http://www.501c3.org/blog/irs-guilty-of-targeting-conservative-groups/feed/ 0 Foundation Group Posts Record First Quarter http://www.501c3.org/blog/foundation-group-posts-record-first-quarter/ http://www.501c3.org/blog/foundation-group-posts-record-first-quarter/#comments Wed, 10 Apr 2013 16:51:36 +0000 Greg McRay http://www.501c3.org/?p=6881

Foundation Group celebrated it’s 17th birthday last September.  As the founder, I can tell you it is hard to believe that much time has passed already.  As the cliche says, “Time flies when you’re having fun.” “Fun” may seem like an unlikely word to describe what we do, but it really does apply.  Yes, it [...]

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]]> http://www.501c3.org/blog/foundation-group-posts-record-first-quarter/feed/ 0 Obama To Seek Cap on Charity Deductions – Again http://www.501c3.org/blog/obama-to-seek-cap-on-charity-deductions-again/ http://www.501c3.org/blog/obama-to-seek-cap-on-charity-deductions-again/#comments Fri, 01 Mar 2013 16:54:42 +0000 Greg McRay http://www.501c3.org/?p=6609

Here we go again.  Just when charities thought they dodged a bullet during the fiscal cliff negotiations in late 2012, it looks like the administration still harbors the desire to limit the deductibility of charitable donations by higher income donors.  Comments made by Jack Lew, Obama’s nominee for Treasury Secretary, makes it clear that this [...]

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]]> http://www.501c3.org/blog/obama-to-seek-cap-on-charity-deductions-again/feed/ 0 Merry Christmas From Our Family To Yours http://www.501c3.org/blog/merry-christmas-from-our-family-to-yours/ http://www.501c3.org/blog/merry-christmas-from-our-family-to-yours/#comments Wed, 19 Dec 2012 22:53:17 +0000 Greg McRay http://www.501c3.org/?p=5957

  Isaiah 9:6

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]]> http://www.501c3.org/blog/merry-christmas-from-our-family-to-yours/feed/ 0 Fiscal Cliff Negotiations Could Impact Nonprofits http://www.501c3.org/blog/fiscal-cliff-negotiations-could-impact-nonprofits/ http://www.501c3.org/blog/fiscal-cliff-negotiations-could-impact-nonprofits/#comments Thu, 13 Dec 2012 20:40:13 +0000 Greg McRay http://www.501c3.org/?p=5933

As we find ourselves nearing Christmas 2012, the media isn’t talking all that much about mistletoe, eggnog or even the end of the Mayan calendar.  Instead, the lead story at the top of every hour is the so-called “fiscal cliff” negotiations.  So partisan and entrenched are both sides that you would think the November election [...]

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]]> http://www.501c3.org/blog/fiscal-cliff-negotiations-could-impact-nonprofits/feed/ 2 First Lady Visits Life Sports Fitness http://www.501c3.org/blog/first-lady-visits-life-sports-fitness/ http://www.501c3.org/blog/first-lady-visits-life-sports-fitness/#comments Tue, 28 Aug 2012 16:48:37 +0000 Greg McRay http://www.501c3.org/?p=5414

Foundation Group client, Life Sports Fitness, had a very eventful day recently when the First Lady, Michelle Obama, dropped by for a visit.  Not only was this an exciting honor for them, it has also brought them some invaluable publicity.  Not bad for a new organization. Congratulation on some great, unexpected exposure!

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