Grantmaking by Public Charities

Despite many people’s belief that grantmaking is restricted to entities known as foundations, public charities can and many do engage in grantmaking. This post focuses on grantmaking by public charities and generally does not address the more restrictive rules applicable to private foundations. Terminology Part of the confusion lies...

WCTEO 2018 Highlights

The 2018 Western Conference on Tax Exempt Organizations (WCTEO) is currently taking place in Los Angeles. Here are some selected running highlights. Washington Updates IRS 2018-2019 Priority Guidance Plan – Implementation of the Tax Cuts and Jobs Act (Items 21, 34, 39, 40, 58); Exempt Organizations (pp. 16-17); General Tax Issues (Item...

Cryptocurrency and Nonprofits

We seem to be hearing more and more about cryptocurrency. Is it the money of the future? Is it a passing trend? And what do nonprofits need to know about cryptocurrency, the underlying blockchain technology, and the existing regulation? What is Cryptocurrency? There are four critical definitions required for...