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From: Philanthropy Today
Subject: Some Nonprofits Balance Grief and Strategy Post-Election
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The former chief financial officer for the Detroit Riverfront Conservancy has agreed to repay the nonprofit at least $44.3 million as part of a plea agreement involving federal fraud and money-laundering charges. Investigators say that since 2012, William A. Smith has stolen an estimated $40 million to $65 million from the group, which aims to transform Detroit’s post-industrial waterfront to a recreational space. Smith could face up to 20 years in prison for each of the two counts in the plea agreement. His lawyer did not return calls for comment. A conservancy official said it is reviewing its financial operations in the wake of the scandal. (New York Times)
Republicans in the House of Representatives are bringing back a bill that would give the Treasury secretary the authority to revoke a nonprofit’s tax-exempt status if the secretary determined that the group supported terrorism. The measure, targeted at some pro-Palestinian organizations, enjoys the support of major Israeli lobby groups and, importantly, around 52 Democratic House members, giving it a solid chance of passage in a second go-round after an initial narrow defeat. Opponents say it is an attempt to silence critics of Israeli’s conduct in Gaza and Lebanon and would give the Trump administration unprecedented power to revoke a nonprofit’s tax status, while supporters say the measure aims to “halt the abuse of America’s tax code by terrorist organizations.” (Intercept)
More on the War in the Middle East
The Election and Its Aftermath
Opinion and Analysis
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