By NEO Law Group
The following are just some of the many highlights from the 2024 Western Conference on Tax Exempt Organizations (WCTEO). Because of a change in the timing of the WCTEO from late fall to late winter, there was no conference in 2023, but that gave us a few more months of developments and events to discuss. The Latest […]
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Day of Remembrance (Fred T. Korematsu Institute) [Ed. Statement from President Biden: “On this day in 1942, President Franklin D. Roosevelt signed Executive Order 9066, which led to […]
On June 14, 2023, the IRS issued proposed regulations under the Inflation Reduction Act of 2022 (IRA) providing for nonprofit tax-exempt organizations to benefit from certain clean energy credits that would allow them to elect direct payment from the IRS in lieu of a tax credit. Before IRA, tax credits were generally not useful to […]
I recently spoke with Tony Martignetti, host of Nonprofit Radio, about the OpenAI nonprofit-for-profit joint venture drama making headlines and some lessons to be learned about nonprofit collaborations heavily influenced by money. You can join the 13,000 weekly listeners and catch the Nonprofit Radio podcast here. As general background, you may find the following websites and […]
This post continues the story from Part One and is inspired by some of the drama involving OpenAI. In Part One, the board of a nonprofit that also served as the manager of a joint venture (JV) with several investors was dealing with a dilemma. On one hand they wanted to pursue their original and […]
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Four Ways to Be Grateful—And Happier (Arthur C. Brooks, Atlantic) 3 reasons to support Indigenous communities with impact investing (Mindy Frye, Candid) Asymmetric Expectation of Gratitude: What it […]
The deadline for responses to the Ways and Means Committee request for information regarding nonprofit political activities, inappropriate use of charitable funds, and rise in foreign sources of funding has been extended from Labor Day to Friday, September 8, 2023. We previously wrote on the politically biased request for information here. There have been a […]
Shortly after writing The Nonprofit Board You’d Love to Join, it seemed important to look at this issue from the other direction. The following is a list of ten attractive characteristics of a board member from the perspective of a charity: Ten Attractive Characteristics of a Nonprofit Board Member Deeply connected to the mission This is […]
A board member of a charitable nonprofit organization may find themselves in an awkward position where the board is voting on a matter in which the board member has a conflict of interest. Perhaps the matter has to do with contracting the board member or their company, paying the board member for some service they […]
This post follows up on our previously published post Nonprofit Law 101 for Journalists and is intended to provide additional information to journalists and news organizations about federal tax laws applicable to 501(c)(3) organizations and common state corporate and charitable trust laws applicable to charitable nonprofits. The brief answers to the following questions are simplified […]