By NEO Law Group
Exactly seven days after the Presidential election, the Republican-controlled House of Representatives failed to acquire the two-thirds majority it needed for fast track approval of H.R. 9495, the Stop Terror-Financing and Tax Penalties on American Hostages Act. It’s now being positioned for a new vote. If it passes, H.R....
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: 3 Steps to Take Amid Post-Election Uncertainty (Tom Bartlett and Sara Gibson, Chronicle of Philanthropy) Nonprofits Face Backlash for “Controversial” Work, Report...
Charitable purposes under IRC Section 501(c)(3) include the promotion of social welfare by organizations designed to combat community deterioration and juvenile delinquency. The IRS Exempt Organizations Technical Guide: TG 3-3 Exempt Purpose, Charitable IRC 501(c)(3) (rev. 3/20/23) provides the following description: “Organizations combating community deterioration in a charitable manner provide economic development activities...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Critical Nonprofit Policy Issues the Next President and Congress Will Face (Ben Gose, Chronicle of Philanthropy) A review of key 2024 ballot...
Charitable purposes under IRC Section 501(c)(3) include the the promotion of social welfare by organizations designed to defend human and civil rights secured by law. The IRS Exempt Organizations Technical Guide: TG 3-3 Exempt Purpose, Charitable IRC 501(c)(3) (rev. 3/20/23) provides the following description: “(1) Treas. Reg. 1.501(c)(3)-1(d)(2)(iii) includes defending human and civil...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Jeff Bezos Should Donate the Washington Post to a Charity (Steven Waldman, Columbia Journalism Review) Philanthropy report explores pandemic’s impact on charitable...
The joint Treasury and IRS Initial 2023-2024 Priority Guidance Plan was released on October 3, 2024. The Plan contains 231 guidance projects that are priorities for allocating Treasury Department and IRS resources during the 12-month period from July 1, 2024 through June 30, 2025. The following are the projects listed for...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Independent Sector Recommends More Tax Relief for Nonprofits (Tax Notes) [Ed. October 15, 2024 letter to House Ways and Means Committee and...
Fiscal sponsorship is a complicated relationship to understand because it is not defined by law, it takes on multiple forms, there are nonprofits that have improperly structured fiscal sponsorship relationships (misleading others), and, in one form (comprehensive or Model A fiscal sponsorship) it allows for what may appear to...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: National Network of Fiscal Sponsors [Ed. I’m looking forward to learning more about the the past week’s Annual Gathering from my Co-Principal...