Treasury Department Guidelines May Harm Matching Gift Programs; Guidelines Would Be Burdensome for Corporate Programs, CASE President Says.

Byline: Council for Advancement & Support of Education

WASHINGTON, July 23 (AScribe Newswire) -- U.S. Treasury Department guidelines intended to keep donor organizations from supporting terrorist groups would force funding organizations to become "watchdogs" for charitable giving, the president of the Council for Advancement and Support of Education said.

In a July 18, 2003 letter to the Internal Revenue Service, Vance T. Peterson, president of CASE, urged that proposed Treasury guidelines, "Voluntary Best Practices for U.S. Based Charities," be withdrawn because they might have a chilling effect on corporate matching-gift programs. The letter was submitted …