FBT Gibbons Partner Rachael Chamberlain was quoted in a Thomson Reuters article, titled “Unveiling Nonprofit Funding Via Form 990 Reform,” examining lawmakers’ efforts to modernize Form 990 to address concerns about foreign influence and financial opacity in the nonprofit sector. The piece details congressional proposals to require expanded disclosures around foreign funding, fiscal sponsorship, and donor-advised funds.
Chamberlain underscores the limits of enhanced Form 990 reporting and the challenges of regulating foreign contributions, noting that “it shouldn’t really matter where the money is coming from, it’s how that money is used.” She also warns that determining whether funds are being used “to push some sort of propaganda” is “a very slippery slope.”