Frozen Funds

If a charity's assets and funds, including donations, are seized by the government, there is no process to release the charitable funds to programs that respect the intentions of the donors. Frozen charitable funds are now estimated between $7-19.8 million. 

CSN's Principles and Procedures for the Release of Frozen Funds for Charitable Purposes

 

Frozen Funds

Legal Authority and Process of Office of Foreign Assets Control to Release Frozen Charitable Funds

in
Date: 
November 6, 2006
External Link: 
From OMB Watch

The power of the federal government to release "blocked" assets seized from entities designated as Foreign Terrorist Organizations for Specially Designated Nationals derives from the same statutory framework as the power to freeze and seize assets. These statutes — International Emergency Economic Powers Act (IEEPA) as amended by the Patriot Act, and the Anti-Terrorism and Effective Death Penalty Act of 1996 — authorize the President to promulgate regulations governing implementation of these powers.

Principles and Procedures for Release of Frozen Funds for Charitable Purposes

in

Proposed to Dept. of the Treasury Jan. 15, 2008

Council on Foundations, Grantmakers Without Borders, Muslim Advocates, Muslim Public Affairs Council, OMB Watch

Nonprofits Call for Release of Frozen Funds for Humanitarian Efforts

in
Date: 
November 7, 2006
External Link: 
From OMB Watch

In a letter sent Nov. 6, a group of charities and nonprofit sector leaders asked the Treasury Department to release frozen funds belonging to charities designated as supporters of terrorism "to trustworthy aid agencies that can ensure the funds are used for their intended charitable purposes."