501(c)(3) Organization: Public Charity or Private Foundation

Organizations described in Internal Revenue Code Section* 501(c)(3) fall into two categories:  private foundations and public charities.  Under Section 509, all organizations, domestic or foreign, described in Section 501(c)(3) are private foundations except the types of organizations described in Sections 509(a)(1), (2), (3) or (4).  "Public charities" is the generic term given to the excepted […]

Court Strikes Down Rule Excepting Certain Nonprofits from Donor Disclosures

On July 30, 2019, in Bullock vs. Internal Revenue Service, a federal court held unlawful and set aside Rev. Proc. 2018-38 as adopted by the IRS without complying with applicable notice-and-comment procedures. Rev. Proc. 2018-38 provided that tax-exempt organizations described by section 501(c), other than section 501(c)(3) organizations, will no longer required to report the names […]

Donor-Advised Fund Regulations Step One: Request for Comments

On December 4, 2017, the Internal Revenue Service and U.S. Treasury Department released Notice 2017-73 (Request for Comments on Application of Excise Taxes With Respect to Donor Advised Funds in Certain Situations), seeking comments to help them develop donor-advised fund regulations in three specific areas. Written comments must be submitted by March 5, 2018 and may […]

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 […]

Starting a Related Nonprofit: 7 Initial Considerations

If your for-profit company is interested in starting a related nonprofit, here are 7 initial considerations to take into account before moving forward: 1. Are you properly intentioned? A nonprofit exempt under 501(c)(3) of the Internal Revenue Code must have a charitable, educational, or other 501(c)(3)-consistent purpose and must not be operated for the benefit of […]

‘Tis the Season to Be Compliant: Tips for Organizations on IRS Requirements for Deducting Charitable Contributions

The holiday season is a time of giving. Along with the presents exchanged at gatherings with friends and families, many gifts are made to nonprofits in the closing month of the year at holiday charity galas and auctions, through end-of-the year email and direct mail appeals, and through other fundraising events. For charities, the deductibility […]

Emerging Leaders Program: Center for Volunteer and Nonprofit Leadership

The Emerging Leaders Program (ELP) of the Center for Volunteer and Nonprofit Leadership "addresses the core competencies needed to effectively manage organizations and complex programs as well as the leadership skills one needs to be successful within our quickly changing sector."  Last week, Emily Chan and I spoke to the ELP group on various legal […]

Nonprofit Tweets of the Week – 12/20/19

Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “The House of Representatives voted late Wednesday to impeach President Trump on charges that he abused his office and obstructed Congress, with Democrats declaring him a threat to the nation […]

Nonprofit Tweets of the Week – 11/22/19

Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “Since 2017, the authorities in Xinjiang have detained many hundreds of thousands of Uighurs, Kazakhs and other Muslims in internment camps. Inmates undergo months or years of indoctrination and interrogation […]

Upswell Chicago: Equity in the Center

Equity in the Center’s Pre-Convening to Upswell Chicago was held on November 12, 2019 and provided a day-long, deep dive into how to build a Race Equity Culture. EiC described the convening as follows: Plenary sessions and workshops will focus on how to operationalize race equity, highlighting best practices from EiC’s Awake to Woke to […]