Minnesota nonprofits get break on clawbacks

  • Article by: DAVID PHELPS , Star Tribune
  • Updated: April 4, 2012 - 9:36 AM

New law limits givebacks by charities that receive donations from frauds like Tom Petters'.

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jrn56Apr. 3, 12 6:17 PM

I can understand both sides of this issue but it would be a real hardship on the non-profits to come up with the money that was most likely spent already. Good bill!

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mugsdilApr. 3, 12 6:21 PM

Another democrat handout to the likes of Big Non Profit.

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halfabubbleApr. 3, 12 6:26 PM

@ mugsdil : the GOP legislature didn't have anything to do with this???

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halfabubbleApr. 3, 12 6:29 PM

This is a bad bill that just became a bad law. I understand the point that charities are often working on shoe-string budgets, and that clawbacks are painful. However, what is more painful is that victims of fraud are now going to get even less money back. Stolen property belongs to the owners of that property. If anything, the legislature should have forced non-profits to carry insurance on big donations in the event they are fraudulent.

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gking2mnApr. 3, 12 6:45 PM

I would challenge the law it's bs. let's see i will make a nonprofit and then let the crooks bring in the money only to have them go to jail and all is good. The church way right?

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pinelakelindApr. 3, 12 6:54 PM

I understand both sides of this issue. The bill seems to answer both sides of the issue. Glad that Gov. Dayton showed his wisdom on this one!!

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kenw1952wApr. 3, 12 7:07 PM

Non-profits and charities should be required to have insurance for issues like this. To allow someone to steal from one person, give it to a charity and the charity gets to keep the money is wrong. This is so fundamental I can't believe our legislators couldn't go better than this.

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mnmaidApr. 3, 12 7:17 PM

Investment is risk. That's the name of the game. You can invest in the stock market, and if it crashes, you lose your money. It's gone. Forever. You know that going into it. The same holds true if you're investing in a company or an idea. Just because the company you invested in made a bad (or illegal) decision and lost your money (or donated it to charity) doesn't entitle you to restitution. This is one time I'm on board with Governor Dayton.

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munsterlandrApr. 3, 12 7:21 PM

So the same non-profits that pay millions to their executives can now not worry at all where the money is coming from. mark dayton is corrupt.

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jellybeans48Apr. 3, 12 7:35 PM

separation of church and state- wrong, not when it comes to protecting charitable or churches apparently.

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