Nonprofit Tweets of the Week – 6/11/21

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: “ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, covering more than 15 years. The data provides […]

Nonprofit Tweets of the Week – 6/4/21

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: “A mass grave containing the remains of 215 children has been found in Canada at a former residential school set up to assimilate indigenous people.” BBC “Now, in a striking […]

Filing for 501(c)(3) Status Late: An Update

Startup charitable nonprofit organizations typically file with IRS for recognition of tax-exempt status under Section 501(c)(3) of the Internal Revenue Code shortly after formation. If an application for such recognition (Form 1023) is filed within 27 months of formation, and approved, the IRS recognizes tax-exempt status retroactively as of the date of formation. But some […]

Nonprofit Tweets of the Week – 5/28/21

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 nine men — beloved sons, fathers, husbands and grandfathers — were killed Wednesday in the deadliest mass shooting in Bay Area history. Their stories vary, their ages range from 29 to […]

PLR 202119002: Private Foundation Grants to Intermediary Foreign Organizations

Earlier this year, the IRS released a private letter ruling (PLR 202119002) on a private foundation’s contemplated grants to three foreign organizations that will each regrant the applicable funds to secondary grantees in furtherance of the private foundation’s 501(c)(3) exempt purposes. While a PLR may not be relied on as precedent by other taxpayers or […]

2021 Georgetown EO Conference: Legal and Tax Issues for Foreign Offices and Affiliates

Georgetown Law held its 38th Annual Representing and Managing Tax-Exempt Organizations conference (virtual edition) last month. Among the sessions at the conference was Legal and Tax Issues for Foreign Offices and Affiliates presented by Stephanie Biden, Ricardo A. Castro, and Curtis Saueressig. Below are some of the many highlights from their presentation: At the Front End Determine […]

Nonprofit Tweets of the Week – 5/21/21

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 Treasury Department on Thursday announced a plan to raise an additional $700 billion through new tax compliance measures, a potentially key source of revenue for the Biden administration’s multitrillion-dollar spending proposals. […]

Nonprofit Tweets of the Week – 5/14/21

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: “Israel dramatically escalated its assault on the Gaza Strip early Friday with a combined air and artillery barrage aimed at destroying Hamas’s tunnel system, marking the addition of ground forces […]

One Hour Nonprofit Legal Audit

Here are five key compliance areas a nonprofit public charity can review in one hour. If there are past compliance issues, it would be best to confer with a knowledgable attorney. But ensuring that you are doing these things correctly moving forward will strengthen your organization and your confidence in leading it. One. Review your […]

Nonprofit Tweets of the Week – 5/7/21

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: “Developed by researchers at the Rand Corp., a California-based think tank, the study found roughly 550,000 people were admitted for gunshot wounds from 2000 to 2016, representing billions of dollars […]