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Nonprofit boards need to take charge

Nonprofit boards need to take charge By Todd Cohen editor Philanthropy Journal The board at United Way of Central Carolinas in Charlotte, N.C., messed up big-time. Under CEO Gloria Pace King, Charlotte's United Way became one of the most successful in the U.S. in raising money. That success must have drugged United Way's board, which fell asleep at the wheel, allowing King to drive a review of her compensation, and then rubber-stamped the retirement subsidy she wanted totaling $2.1 million. How the board nodded off and then caved in is spelled out in a report by an independent panel the board created earlier this year after ousting King in the face of a public firestorm that erupted when a local radio station disclosed her compensation. The panel, which says it was not asked to decide whether King's retirement package was justified or excessive, found "significant departures from a compensation process based on best practices." The panel identified an ... (Read More)

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2 total votes | Comments (0) | Created by jcmbike on 2009-01-09 - Login to vote or comment!

King leaves mixed legacy at United Way

Todd Cohen | January 2, 2009 Philanthropy Journal (News January 5, 2009 | Volume 10, No. 01) CHARLOTTE, N.C. -- As an emergency-room nurse and supervisor in a Cleveland hospital, Gloria Pace King says, she was "very good at triage, at anticipating, at leading staff." That experience, she says, helped prepare her for her 14 years as CEO of United Way of Central Carolinas, a high-intensity job that ended last August with her ouster over her compensation. Yet despite raising over $500 million for United Way, she says, she does not consider herself a fundraiser. "You've got to see the need, you've got to articulate the need, you have to be the person who's capable of strategy," she says. "I consider myself a visionary." King's legacy in Charlotte is likely to be one of opposite extremes, say people who worked with her. A passionate and driven fundraiser, King increased funds United Way raised in its annual campaign to $45.3 million in 2007 from ... (Read More)

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Related URLs: KING GLORIA PACE (HUNTERSVILLE, NC)
2 total votes | Comments (0) | Created by jcmbike on 2009-01-09 - Login to vote or comment!

Churches auctioned as hard times decrease donations

Wall Street Journal By SUZANNE SATALINE http://online.wsj.com/article/SB122999261138328613.html?mod=special_page_campaign2008_mostpop (See Corrections & Amplifications item below.) EASTON, Md. -- The auctioneer told the small crowd huddled outside the Talbot County Courthouse that the property would be sold "as is" -- rectory, bell tower, oak pews and rose-tinted stained glass windows included. "Who gives $700,000, 700, 700?" he called out. One man, a representative for a local bank, raised his finger. The auctioneer tried in vain to nudge the price up. "Sold!" he cried. St. Andrew Anglican Church had just been bought by the bank that had started foreclosure proceedings against it. Joel Marcus Johnson "It's probably good for my soul to be taken down a notch," said the Right Rev. Joel Marcus Johnson, the rector of St. Andrew, after the auction. During this holiday season of hard times, not even houses of God have been spared. Some ... (Read More)

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2 total votes | Comments (0) | Created by jcmbike on 2009-01-09 - Login to vote or comment!

Parish members challenge diocese right to close parish for economic reasons

January 6, 2009 New York Times http://www.nytimes.com/2009/01/06/us/06vigil.html?pagewanted=2&_r=1&th&emc=th In a Quiet Rebellion, Parishioners Keep the Faith By ABBY GOODNOUGH SCITUATE, Mass. - There are sleeping bags in the sacristy at St. Frances Xavier Cabrini Church and reclining chairs in the vestibule, but no one here gets too relaxed. "Please be ever vigilant!" a sign by the door warns, and the parishioners who have occupied the church since it closed more than four years ago take it as seriously as a commandment. St. Frances was among dozens of churches that the Roman Catholic Archdiocese of Boston decided to close and sell in 2004, not least because of financial turmoil made worse by the abuse scandal in the clergy. But while most churches closed without a fight, parishioners at St. Frances, a brick A-frame on a wooded hill, and at four other churches rebelled. For 1,533 days, the group at St. Frances has taken turns guarding the building ... (Read More)

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2 total votes | Comments (0) | Created by jcmbike on 2009-01-09 - Login to vote or comment!

Common Tax Law Restrictions on Activities of Exempt Organizations

Common Tax Law Restrictions on Activities of Exempt Organizations The chart below compares seven federal tax law attributes of five common types of tax-exempt organizations. 501(c)(3) 501(c)(4) 501(c)(5) 501(c)(6) 527 Receive tax-deductible charitable contributions YES NO NO NO NO Receive contributions or fees deductible as a business expense YES YES YES YES NO Substantially related income exempt from federal income tax YES YES YES YES YES Investment income exempt from federal income tax LTD* YES YES YES NO Engage in legislative advocacy LTD YES YES YES LTD Engage in candidate election advocacy NO LTD LTD LTD YES Engage in public advocacy not related to legislation or election of candidates YES YES YES YES LTD *Private foundations are subject to tax on their net investment income. Updated: August 27, 2008 http://www.irs.gov/charities/index.html

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4 total votes | Comments (0) | Created by jcmbike on 2009-01-04 - Login to vote or comment!