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  • Article

    Ensuring Your Donors Can Take Their Charitable Deductions Part II: Quid Pro Quo Rules

    This series discusses the documentation rules that a charity should follow to ensure an individual donor can take his or her charitable deduction for the donation.
    United StatesCorporate/Commercial Law
    Fox Rothschild LLP
    Fox Rothschild LLP
  • Article

    Exposure For Non-Profits Under Dealership Statute

    In Girl Scouts of Manitou Council, Inc. v. Girl Scouts of the United States of America, Inc., decided on December 15, 2008, the United States Court of Appeals for the Seventh Circuit held that the relationship between national non-profit organizations and their Wisconsin affiliates can be governed by the Wisconsin Fair Dealership Law (WFDL), Chapter 135 of the Wisconsin Statutes.
    United StatesCorporate/Commercial Law
    Foley & Lardner LLP
Foley & Lardner LLP
  • Article

    Federal Grant & Contract News for Nonprofits - August 2013

    Several matters have recently arisen which are especially important for organizations that submit invoices or claims for funds from federal and/or state governments.
    United StatesCorporate/Commercial Law
    Venable LLP
    Venable LLP
  • Article

    Federal Grant & Contract News For Nonprofits - August 2014

    As is an annual tradition in Washington, the month of August is relatively quiet.
    United StatesCorporate/Commercial Law
    Venable LLP
    Venable LLP
  • Article

    Finance Committee Schedules Oversight Hearing on Charities Tax-Exempt Status - Exempt Organizations Advisory -06/03/04

    On June 22, the Senate Finance Committee will hold a hearing on governance and best practices of charities, charities accommodating tax shelters, donor gifts of tangible and intangible property, and current problems and issues in the charitable community. IRS Commissioner Mark Everson and private sector witnesses are expected to testify.
    United StatesCorporate/Commercial Law
    Steptoe LLP
    Steptoe LLP
  • Article

    Hey, Charitable Organizations, Don’t Forget To Give Donors Written Acknowledgement Of Their Contributions

    In the Flores case, the IRS argued that the couple was not entitled to any charitable deduction because they did not substantiate any of the contributions.
    United StatesCorporate/Commercial Law
    Fox Rothschild LLP
    Fox Rothschild LLP
  • Article

    How A Corporation Can Become Religious Without Converting

    Although I have yet to encounter the situation, California provides a mechanism for a corporation formed under the General Corporation Law to become a nonprofit religious corporation.
    United StatesCorporate/Commercial Law
    Allen Matkins Leck Gamble Mallory & Natsis LLP
    Allen Matkins Leck Gamble Mallory & Natsis LLP
  • Article

    How To Select A Merger/Reorganization Structure That Is Right For Your Nonprofit (Part III)

    Part III of this series will discuss the advantages and disadvantages of a liquidating transfer of assets.
    United StatesCorporate/Commercial Law
    Fox Rothschild LLP
    Fox Rothschild LLP
  • Article

    How Will The Tax Cuts And Jobs Act Affect Your Not-For-Profit?

    As you are likely aware, Congress recently passed sweeping tax reform. While individual and corporate tax cuts are not something you immediately ...
    United StatesCorporate/Commercial Law
    ORBA
    ORBA
  • Article

    Illinois Exempts Transportation And Parking Benefits From Taxation For Not-For-Profit Organizations

    Last month, Illinois Governor J.B. Pritzker signed SB1257 into law enacting changes, in part, to the state's Income Tax Act.
    United StatesCorporate/Commercial Law
    ORBA
    ORBA
  • Article

    Insights From The 2024 NAAG/NASCO Charities Conference Public Day

    We are pleased to share our insights from the 2024 NAAG/NASCO Charities Conference Public Day. This event provided a wealth of information on various aspects...
    United StatesCorporate/Commercial Law
    Goodwin Procter LLP
    Goodwin Procter LLP
  • Article

    Investing In Individuals: Best Practices For Charitable Gifts To Individuals

    Doris Buffett has recently been in the news regarding her request for assistance from Boston-area volunteers with her efforts to gift millions of dollars to disadvantaged individuals.
    United StatesCorporate/Commercial Law
    Day Pitney LLP
    Day Pitney LLP
  • Article

    IRS And Treasury Release Annual Priority Guidance Plan

    The IRS and Treasury Department have released their annual Priority Guidance Plan (the "Plan") for the 2012-2013 fiscal year.
    United StatesCorporate/Commercial Law
    Proskauer Rose LLP
    Proskauer Rose LLP
  • Article

    IRS Delivers Guidance On Trade Association Tax Exemption

    The IRS Office of Exempt Organizations held an informational call yesterday to provide guidance for 501(c)(6) organizations on their tax-exempt status.
    United StatesCorporate/Commercial Law
    ArentFox Schiff
    ArentFox Schiff
  • Article

    IRS Introduces New Procedures For Reinstatement Of Tax-Exempt Status

    Tax-exempt organizations that have had their tax-exempt status automatically revoked because of failure to file required annual returns for three consecutive years can follow new procedures for seeking reinstatement of their tax exemptions.
    United StatesCorporate/Commercial Law
    Proskauer Rose LLP
    Proskauer Rose LLP
  • Article

    IRS Rules On Corporate Domestication

    In many states, corporations are permitted to change the law that governs them through a process called "domestication."
    United StatesCorporate/Commercial Law
    Day Pitney LLP
    Day Pitney LLP
  • Article

    Is Congress Tipping Its Hand On The Future Of Charities And Charitable Deductions?

    Tax-exempt organizations should be aware of expected hearings to discuss making certain temporary provisions and charitable giving incentives, such as the IRA charitable rollover provision, permanent for the tax-exempt community, according to a Senate Finance Committee aide at the recent Tax Section meeting of the American Bar Association in Washington, D.C.
    United StatesCorporate/Commercial Law
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    Kurtz Assesses "Illegal Loans" Made To Execs Of Renowned Jewish Charity

    In an interview with The Forward, Daniel Kurtz, Chair of Pryor Cashman's Nonprofit + Tax-Exempt Organizations Group, discussed whether loans made to two high-ranking executives at the Jewish National Fund violated New York state law.
    United StatesCorporate/Commercial Law
    Pryor Cashman LLP
    Pryor Cashman LLP
  • Article

    Legislature Hears Testimony On Legislation Limiting The Right Of Public Charities To Compensate Independent Directors

    On Tuesday, September 27, 2011, the Massachusetts Joint Committee on the Judiciary heard testimony on H.3516 – a bill that would regulate compensation of board members for public charities.
    United StatesCorporate/Commercial Law
    Foley Hoag LLP
    Foley Hoag LLP
  • Article

    Major Joint Charity Enforcement Action By FTC And Attorneys General

    Yesterday, the Federal Trade Commission (FTC), together with the Attorneys General of New York, New Jersey, Virginia and Minnesota, ...
    United StatesCorporate/Commercial Law
    Frankfurt Kurnit Klein & Selz PC
    Frankfurt Kurnit Klein & Selz PC
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