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The Internal Revenue Service (IRS) recently released a memorandum addressing the development of paid name, image and likeness (NIL) opportunities for collegiate...

On Thursday, March 18, 2010, the Illinois Supreme Court issued what will be a controversial opinion in the long-running saga of the Provena Covenant Medical Center real estate tax-exemption case in Illinois

On November 18, 2005, the Senate approved S. 2020, The Tax Relief Act of 2005 , a vast piece of legislation addressing issues ranging from tax relief to the hurricane-ravaged Gulf Coast, to expiring tax provisions, and offsets. Notable among the Act’s copious provisions are those involving the charitable sector and specifically, sections aimed at the prevention of abusive tax practices involving exempt organizations.

A not-for-profit's finance committee oversees and keeps its board of directors apprised of the organization's overall financial health. This should be more than simply scanning financial reports.

A characteristic of a strong not-for-profit organization is an active board of directors that can support the organization in many ways—financially, with their time, and with the skills the members possess, both personally and professionally.

So, do you have a desire to gift or bequeath money to your favorite charitable organization, but are concerned that either (i) you will need the income generated by the property during your retirement or ...

Our first installment in this series discussed the advantages and disadvantages of a statutory merger, the main disadvantage being the assumption of all of the target nonprofit's known and unknown liabilities.

As part of an ongoing effort to improve service for the tax-exempt community, the IRS is revising Form 1024, Application for Recognition of Exemption Under Section 501(a), and its instructions...

The Massachusetts Secretary of State’s Office recently released guidance for emerging companies considering incorporating as a benefit corporation, and for existing companies that may be considering a conversion to benefit corporation status.

In this episode of his "Clearly Conspicuous" podcast series, "The FTC Takes Action Against Old Southern Brass for False 'Made in the USA' Claims," consumer protection attorney Anthony DiResta...

On February 17, 2015, the Pennsylvania Senate passed a bill that could have far reaching implications for all Pennsylvania nonprofit charitable organizations.

The Board of Directors is a key pipeline for resources for any US nonprofit organization. Most nonprofits do not pay Board members for their service, so organizations rely upon dedicated volunteers.

One of the best things that a family foundation's governing board can do is embark on a "Wellness Check" of the foundation.

Executive Summary: Last week, on August 28, 2018, the U.S. Department of Labor (DOL) issued four Fair Labor Standards Act (FLSA) opinion letters

The Governor of New York has taken a strong and outspoken stance aimed at placing those with the largest paychecks at institutional nonprofits under a microscope. Governor Cuomo’s newly formed Task Force on Not-For-Profit Entities will be conducting a review of current compensation levels of not-for-profit organizations that have received funds from the State of New York.

Most private sector employee benefit plans are subject to ERISA. Plans sponsored by churches and church-related entities are not covered by ERISA, unless an election is made to have ERISA coverage.

The Third Circuit Court of Appeals recently upheld a trial court’s jury verdict finding the individual board members and officers of a non-profit healthcare facility personally liable...

With FY2016 nearly upon us, nonprofit federal grantees have much to keep in mind.