News Release
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Goodwill Industries Reaffirms Commitment to Fiscal Responsibility
Presents Views to Senate Roundtable on Charitable Governance |
| July 22, 2004 |
Rockville, MD —
As a steward of public and private resources for more than a century,
Goodwill Industries International endorses a move toward greater fiscal
oversight in America's nonprofit organizations.
“At Goodwill, holding ourselves
accountable is nothing new,” says George W. Kessinger, President and
CEO of Goodwill Industries International. “We believe it is a basic
requirement of our relationship with the people who donate to Goodwill
and those who benefit from our job training and career services. It is
critical to maintain the highest level of accountability.”
In
response to recent questionable ethical and financial practices, the
U.S. Senate Finance Committee is proposing a sweeping plan to increase
responsible fiscal oversight in America's nonprofit organizations. Jane
Nichols, President and CEO of Goodwill Industries of the Chatahoochee
Valley (Columbus, GA), represented Goodwill at the Committee's July 22
roundtable on charitable governance.
“We believe that
responsible fiscal oversight and proposed reforms to the charitable
community will strengthen nonprofits,” said Nichols in her statement to
the Committee. “Goodwill Industries believes that the proactive
establishment of effective fiscal management and a voluntary compliance
program make good business sense.”
Goodwill Industries has
instituted a series of measures designed to promote greater
transparency and accountability in all its activities to those who
support the organization and those who benefit from its job training
and career services. The program includes the timely reporting of
financial statements, internal controls and annual audits, whistle
blower protection and a conflict of interest policy. Goodwill has also
recommended to its independent member agencies that both the Chief
Executive Officer and the Chief Financial Officer sign IRS Form 990 to
attest personally to the accuracy and completeness of its contents as
well as to the accuracy and completeness of all financial reports.
“Some
may see these proposed reforms as burdensome, expensive and difficult,”
says Kessinger. “At Goodwill Industries we believe the difficulty
arises in not embracing them and facing the resulting loss of public trust.” |
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