Sale of Dot-Org to Venture Capital Firm Draws Ire From Lawmakers, Charity Regulators, and Nonprofit Leaders

Sale of Dot-Org to Venture Capital Firm Draws Ire From Lawmakers, Charity Regulators, and Nonprofit Leaders

Printer-friendly version

In another key development, the National Association of State Charities Officials last week issued a letter criticizing the proposed sale and asking for more time to review the matter.

"The conversion of PIR from a charitable to a for-profit enterprise, and the possible impacts it could have on the dot-org landscape, has the potential to undermine public faith in the charitable sector," the letter says.

Rick Cohen, chief operating officer of the National Council of Nonprofits, welcomed the flurry of statements opposing the sale.

"The nonprofit community should be comforted in the fact that just about any person other than those who are parties to the sale see reason for concern," said Cohen.

Source Name: 
The Chronicle of Philanthropy
Find Your State Association of Nonprofits

Find Your State Association of Nonprofits

Connect with local resources and expertise

Find

Connect With Us

1. Sign up for updates

Stay up-to-date with the latest nonprofit resources and trends by subscribing to our free e-newsletters.

2. Follow us on social media