NCRP to Testify on Detailed Standards for Foundation Reform and Accountability at Senate Finance Hearing 6/18/2004
From: Naomi T. Tacuyan, 202-387-9177 ext. 17 or Naomi@ncrp.org, or Jeff Krehely, 202-387-9177 ext. 26 or Jeff@ncrp.org, both of the National Committee for Responsive Philanthropy News Advisory: Detailed standards for foundation accountability and transparency will be presented in testimony to the Senate Finance committee by Rick Cohen, executive director of the National Committee for Responsive Philanthropy (NCRP), a watchdog organization dedicated to reforming the philanthropic sector.NCRP has long advocated for reforms of the sector, and the testimony comes in the wake of alarmingly low levels of public trust in the philanthropic sector. Regular stories in the media of excessive foundation executive and trustee compensation, the outright failures of foundation self-regulation, weak government oversight, and dubious recent entanglements between foundations and political figures and causes have all contributed to these low levels of public trust and the inability of the sector to effectively and credibly serve the public. NCRP's accountability standards would serve three key goals restore public confidence in charitable institutions; strengthen the nonprofit sector's ability to serve and represent the people who are most in need in society; and end the many misuses and abuses of philanthropy that have been recently highlighted in the press. Who: Rick Cohen, executive director, National Committee for Responsive Philanthropy What: Senate Finance Committee Hearing, "Charity Oversight and Reform: Keeping Bad Things from Happening to Good Charities" When: 10 a.m., Tuesday, June 22, 2004 Where: Room G-50, Dirksen Senate Office Building, Washington, D.C. 20510 ------ The National Committee for Responsive Philanthropy is dedicated to helping the philanthropic community advance the values of social and economic justice for all Americans. Committed to helping funders more effectively serve the most disadvantaged Americans, NCRP is a national watchdog, research and advocacy organization that promotes public accountability and accessibility among foundations, corporate grantmakers, individual donors and workplace giving programs. For more information or to join, visit http://www.ncrp.org or call 202-387-9177. |