ABA Exempt Organizations Committee Meeting – September 20, 2013

  I had the pleasure of attending the American Bar Association Exempt Organizations Committee Meeting yesterday (chaired by Robert Wexler of Adler & Colvin) and seeing many of the most respected attorneys working with nonprofits from throughout the country. Here are a few takeaways: Some applicants for 501(c)(3) status are getting exempt status revoked before […]

2009 Western Conference on Tax-Exempt Organizations – Day Two

Day Two of the WCTEO began with EO attorney Bruce Hopkins delivering his always informative and entertaining program on new developments over the past year, focusing particularly on private letter rulings (PLRs).  Here are some of the notable PLRs: Denying recognition of exemption under 501(c)(3) because of operation in substantially commercial manner:  200944053 Denying recognition of […]

Senate Passes Tax Relief Act of 2005

The Senate passed the Tax Relief Act of 2005, with certain amendments, by a vote of 64 to 33 early this morning.  The two California Senators were split; Sen. Diane Feinstein voted in favor of passage and Sen. Barbara Boxer voted against it. The following provisions are covered by the bill: IRA charitable rollover Non-itemizer […]

WCTEO 2019 Highlights

The following are some of the highlights from Day One of the WCTEO 2019. Washington Update Sunita Lough (IRS, Deputy Commissioner for Services and Enforcement and former commissioner of the Tax Exempt and Government Entities division) discussed the IRS’s shift to enforcement with better data analytics (to select the “right” cases). As an example, she […]

New Edition of Seminal Book on Fiscal Sponsorship

Earlier this month, at the American Bar Association Fall Tax Meeting, the San Francisco Study Center released the 3rd edition of Fiscal Sponsorship: Six Ways to Do It Right, authored by Greg Colvin and Stephanie Petit. This is a complete revision of the seminal book on relationships it coined fiscal sponsorship and should be available […]

Lawyers as Social Innovators: Guest Lecture 2019

Earlier this week, I had the privilege of guest lecturing to Scott Curranā€˜s  Lawyers as Social Innovators class at Chicago-Kent College of Law at the Illinois Institute of Technology. The following is an excerpt of my notes for the class: Nonprofit Scandals Heard any juicy stories this summer? MIT Media Lab and Jeffrey Epstein, Varsity Blues and […]

Fiscal Sponsorship and Films

Filmmakers who seek philanthropic or public funding to support their works may be considering fiscal sponsorship as a vehicle for obtaining such funding. And fiscal sponsorship can be of great value to a filmmaker. But it’s also a misunderstood and widely misapplied area of law that can create risks for filmmakers and their fiscal sponsors. […]

Can a Nonprofit Own a For-Profit? Can a For-Profit Own a Nonprofit?

The quick and admittedly general answers (because there are exceptions) are: (1) yes, a nonprofit can own a for-profit; and (2) no, a for-profit cannot own a nonprofit, but it can select all of the nonprofit’s board members and thereby largely control the nonprofit. Can a Nonprofit Own a For-Profit? A nonprofit can own all […]