RA Releases Publications on Gift Substantiation, Public  Charities, and Private Foundations

With changes implemented in the Pension Protection Act of 2006 (PPA 2006) impacting both donors and charitable organizations, the Treasury has published three helpful guides. The following guides are now updated with hundreds of PPA 2006 changes and available at www.giftlaw.com.

• Publication 1771, Charitable Contributions-Substantiation and Disclosure Requirements
• Publication 4221-PC, Compliance Guide for 501(c)(3) Public Charities
• Publication 4221-PF, Compliance Guide for 501(c)(3) Private Foundations

Principles for Good Governance

The Panel on the Nonprofit Sector has released Principles for Good Governance and Ethical Practice: A Guide for Charities and Foundations. A broad cross-section of the American nonprofit community developed this guide, which discusses the advancement of governance and self-regulation through ethical conduct, accountability, and transparency. The Guide outlines 33 principles organized under four main categories:

1. Legal Compliance and Public Disclosure
2. Effective Governance
3. Strong Financial Oversight
4. Responsible Fundraising

These principles guide board members and staff leaders of charitable organizations as they work to improve their own operations. For more information, or to see the full list of principles, please visit www.nonprofitpanel.org.