Converting a For-Profit into a Nonprofit

Increasingly, for-profit corporations are expanding their goals beyond profit-maximization and pursuing social or charitable goals. For owners of some of these corporations whose sole focus becomes a charitable purpose, conversion into a nonprofit organization can provide new sources of financial and social capital. However, whether a corporation should convert its structure into a tax-exempt, nonprofit […]

Applying for the California Property Tax Welfare Exemption: An Overview

Nonprofits exempt under 501(c)(3) of the Internal Revenue Code are not automatically exempt from property taxes. In California, depending upon ownership and use of the property, eligible nonprofit organizations may separately apply and receive an exemption from local property taxes. There are three common exemptions for nonprofits owning property in California: the Church exemption, the […]

10 Significant News Events of 2016

2016 has featured a number of major events that have affected, and will continue to affect, the nonprofit sector. Some might describe 2016 as a difficult year, featuring a long, turbulent election in the United States and unexpected results that have left many groups, including nonprofits themselves and the communities they serve, anxious and uncertain […]

Starting a Nonprofit: Environmental as a 501(c)(3) Charitable Purpose

An environmental purpose is not one of the seven exempt purposes specified in Section 501(c)(3) of the Internal Revenue Code (the “Code”). However, many environmental organizations qualify for exemption under 501(c)(3) because their activities further charitable, educational, and/or scientific purposes. Although there is no explicit mention of environmental purposes in the statutes or regulations defining […]

Lorman Webinar: Complexities of Starting a Nonprofit in California

Erin is presenting a live webinar titled, Complexities of Starting a Nonprofit in California, for Lorman on October 13 at 10:00 a.m. – 11:30 a.m. PST. Here is the description of the program: This topic will cover the process of forming a California nonprofit entity, going through the legal considerations involved in each step in detail. We will also cover […]

IRS TE/GE FY 2017 Work Plan

Last week, the IRS Tax Exempt and Government Entities (TE/GE) division issued their 2017 work plan. The document summarizes strategy and compliance from fiscal year (FY) 2016, as well as a plan for the coming FY 2017. As covered by the Nonprofit Law Blog last year, TE/GE currently focuses on 5 strategic areas for continuous […]

SOCAP16

The Nonprofit Law Blog has been writing about SOCAP (Social Capital Markets) since 2010, and I am thrilled to be attending and covering the annual SOCAP conference this year. SOCAP16 is gathering impact investors, social entrepreneurs, foundations, corporations, global nonprofits, and other valuable strangers all contributing to a vibrant marketplace for socially, environmentally and economically […]

Nonprofit Corporation Legal Audit

All too often, whether a nonprofit corporation is legally compliant in its operations receives attention only after a conflict or issue arises. Instead, a nonprofit corporation can better prevent such conflicts and protect itself through regular legal audits of its corporate governance, federal and state tax exemption, other federal tax law matters, employment and volunteer […]

Highlights from the Conference on Charitable Giving 2016

Last week, I had the privilege of attending the Conference on Charitable Giving at Stanford University, organized by the Silicon Valley Community Foundation and Stanford University’s Office of Planned Giving. The conference focused on developments and emerging practices in philanthropic advising, with breakout sessions for all levels of practitioners and advisors in the field of […]