Monday, May 08, 2006

Lexington Herald-Leader | 05/07/2006 | Contributors urged to find how much actually goes to charity

Lexington Herald-Leader | 05/07/2006 | Contributors urged to find how much actually goes to charity: "States are trying to create more accountability and transparency into non-profit laws,' said Walter Sczudlo, executive vice president of the national Association of Fundraising Professionals.

Some states are looking into requiring annual audits of non-profits with revenues above a certain amount. Kentucky currently does not require them, although some large ones, like the Markey Cancer Foundation, choose to do them.

Sczudlo said states must walk a fine line."

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