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The New York City Council and the New York State Legislature have recently passed legislation subjecting cooperatives and condominiums to new compliance and reporting requirements.

On October 26, 2015, the IRS released final regulations under Sections 141 and 145 of the Internal Revenue Code concerning the use of property financed with tax-exempt bond proceeds.

In the first major overhaul of New York's Non-Profit Corporation Law since 1970, in June the New York State Legislature passed the Non-Profit Revitalization Act of 2013.

New York Attorney General Eric T. Schneiderman has issued proposed regulations that would require many nonprofit organizations to annually disclose certain information about their political spending and their donors’ identities.

Increasingly, nonprofits are considering merging with, acquiring or being acquired by other organizations. These types of transactions in which an organization acquires the equity...

Ensuring compliance on a regular basis can be a daunting task for many nonprofit organizations.

According to calculations performed by the University of Maryland's Do Good Institute on behalf of the Independent Sector, the estimated national value of a volunteer hour has reached $29.95...

Effective November 1, 2023, many Oklahoma non-profit entities are subject to new requirements that may have far-reaching and unexpected effects.

This month, the Obama administration released its 2017 fiscal year revenue proposals, which included a proposal to streamline the current charitable deduction limitations ..

Last week, Proskauer co-hosted a Nonprofit Board and Volunteer Showcase in its New York Office, an event featuring nonprofit organizations who were looking to engage new volunteers...

Proskauer's 20th Annual Trick or Treat Seminar was held on Friday, October 30.

If you run, or run campaigns to support, a charity that engages professional fundraisers, this latest enforcement action announced by the FTC...

With the recent state of natural disasters devastating communities both in the U.S. and abroad, many people turn to charities to see what they can do to help those affected by these tragic events.

On July 12, 2016, the IRS released temporary regulations under section 506 of the Code as well as Revenue Procedure 2016-41.

Unlike Section 501(c)(3) organizations, which must apply to the IRS for recognition of tax-exempt status, Section 501(c)(4) social welfare organizations, Section 501(c)(6) business leagues and others are able either to apply to the IRS for a determination letter recognizing tax-exempt status or to "self-declare" tax-exempt status by conducting operations in a manner consistent with tax-exempt status.

Forming an alliance with a like-minded organization can be a smart, strategic move for a not-for-profit organization.

The tax reform proposals under consideration in both houses of Congress threaten to upend longstanding executive compensation practices.