government-grants
3 stories related to this topic, newest first.
Substrate placeholder — needs reviewU.S. Treasury Announces IRS Will Revise Form 990 to Require Nonprofits to Disclose Government Grants and Fiscal Sponsorships
The Treasury Department on April 23 said the changes aim to improve transparency and strengthen oversight of nonprofits receiving public funds. Treasury Secretary Scott Bessent stated the revision ends the practice of hiding fraud and abuse behind complex arrangements.
techcentral.co.zaJustice Department Establishes New Fraud Division, Directs U.S. Attorneys to Assign Prosecutors
The Justice Department's National Fraud Enforcement Division issued a memo requiring each U.S. attorney's office to detail a local prosecutor for nationwide fraud enforcement. This follows an invitation for $300 million in grants to hire special assistants targeting public benefi…
Substrate placeholder — needs reviewAscend Elements Files for Chapter 11 Bankruptcy After Grant Cancellation
Ascend Elements, a battery recycling company, announced it will file for Chapter 11 bankruptcy. The filing follows the cancellation of a government grant and difficulties in the lithium-ion battery market. The company aims to restructure its operations through the bankruptcy proc…