Roundup of news articles in the local and national press.
Economy:
- Economic-Stimulus Package to Help Nonprofit Groups Meet Social Needs
Chronicle of Philanthropy: House Democrats unveiled an economic-stimulus package that proposes billions of dollars in spending on Medicaid and other federal programs that will help nonprofit groups in cash-strapped states meet spiking demand for social services.
> The Double Payoff of a Stimulus Plan for Nonprofits (Boston Globe) - Next Benefit to Face the Ax: Matching Gifts
Wall Street Journal: Hit hard by the recession, many companies have trimmed contributions to employees’ 401(k) plans, suspended bonuses and cut back on health-care benefits. Now, a growing number are also taking the ax to their charitable matching gifts and volunteer programs.
Local:
- Albert Lea Picked for Health Makeover
Star Tribune: A a 10-month effort aims to prove that careful choices about diet, exercise, relaxation, attitude — even your choice of friends — will help you live longer. The project was funded by the United Health Foundation. - Knight Joins with Minneapolis Foundation to Support MinnPost Reporting
MinnPost: The Minneapolis Foundation was one of 21 community foundations around the nation, and one of two in Minnesota, to receive a combined total of $5 million in matching funds under a new program, the Knight Community Information Challenge. - With Emphasis on Improving the Life in Kandiyohi County, Community Foundation Creates Fund for Women and Children
West Central Tribune: The new Willmar Area Community Foundation Women’s Fund fills a gap that has long existed for local programs that target the social and economic needs of women and girls.
National:
- Half a Million Nonprofits Could Lose Their Tax Exemptions
GuideStar: The IRS estimates that that’s the number of smaller organizations that have failed to file a Form 990-N. - Obama Plans to Keep Estate Tax
Wall Street Journal: The Senate Finance Committee will move within weeks on legislation to reverse the scheduled repeal, and Mr. Obama is expected to detail his estate-tax preservation proposal in his budget next month, congressional tax writers said.
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