A charity controlled by Iowa Gov. Terry Branstad has missed a deadline for disclosing the names of donors who paid for his 2015 inaugural celebration, keeping them secret even as he prepares to become the U.S. ambassador to China. Tax experts say the lack of disclosure potentially subjects the group to IRS penalties of $100 per day. It means the public doesn’t know the identities of those who wrote checks totaling $1 million to fund Branstad’s inauguration and namesake college scholarships.
