On April 13, 2010, Maryland became the first state to recognize a new corporate form called a “benefit corporation” (not to be confused with a “Certified B Corporation”) when Governor Martin O’Malley signed into law, Senate Bill 690, which allows corporations to pursue socially responsible purposes in addition to profits. As Andrea Cohen, Public Policy […]
Author: Gene Takagi
Tweets of the Week – 5/21/10
Here are some of my favorite posts of the week: GTak: UK Prime Minister David Cameron says social enterprise is key to Big Society reform http://is.gd/cgjNs GTak: Reprieve? IRS Commissioner tells organizations to file 990 even if the deadline has now passed. http://bit.ly/aBiAa p2173: LawForChange – legal network for social entrepreneurs http://bit.ly/box3dR jessamynlau: Commonwealth Club […]
The End of Small Nonprofits That Have Not Filed Form 990
Today is the last day for up to 380,000 nonprofits to file some version of Form 990 or automatically lose their tax-exempt status. Many of these organizations have been abandoned, and it will be of value to get them off the books. But it is believed that a substantial number of small organizations (with annual […]
Tweets of the Week – 5/14/10
Here are some of my favorite posts of the week: GTak: Dryburgh: Typical problems with charitable gifts – purpose restrictions, naming rights, confidentiality, how costs are to be charged GTak: Huge liability exposure: copy machine hard drives (wipe before sale/disposal). http://ow.ly/1IG52 (CBS) via @SCartierLiebel GTak: China's crackdown on nonprofit groups prompts new fear among activists […]
IRS Interim Report on Nonprofit Colleges and Universities Compliance Project
The Internal Revenue Service released an interim report (the "Report") on May 7, 2010, summarizing responses to compliance questionnaires sent to 400 public and private colleges and universities in October 2008. The Report and underlying project principally focused on (1) the conduct and reporting of exempt or other activities that may generate unrelated business taxable […]
Tweets of the Week – 5/6/10
Here are some of my favorite posts of the week: GTak: D&O Liability Insurance & Indemnification – http://is.gd/bUkiC (Council on Foundations 2007) GTak: More Scrutiny for Colleges' Business Practices – http://is.gd/bTE6Y Inside Higher Ed – issue tax-exempt bonds, invest in higher-yield assets jeancase: My thanks to all who offered supportive responses to last night's blog,"the painful […]
Social Enterprise Alliance Summit – 2010
I had the great pleasure of attending the first day of the SEA Summit in San Francisco this year. Here are my tweets from the Summit: Realize it's not just about your SE, it's about the movement – Jim Fruchterman SEs in the UK: 62,000 SEs, 1% of GDP, 800,000 employees – Peter Holbrook, UK […]
Tweets of the Week – 4/30/10
Here are some of my favorite posts of the week: COF_: Gore tells foundations: climate strides in your hands http://bit.ly/dlDtv1 COF10 COF_: COF10 – “Ten Ways” for Foundations to Strengthen Diversity and Inclusiveness http://bit.ly/9X6kGl Philanthropy411: New post by Rosetta Thurman – Racial Justice is Everybody’s Issue http://wp.me/proVT-sD rosettathurman: EPIP 2010 National Conference: The Full Recap […]
2010 Council on Foundations Annual Conference
Regretfully, I again missed the Council on Foundations (CoF) Annual Conference, though I was present in Denver for the Asian Americans/Pacific Islanders in Philanthropy (AAPIP) annual board and membership meetings before flying to Portland to participate in the ReVV 2010 Conference. The theme of the CoF Conference this year: Intersections: Social Change, Social Justice, Social Innovation. Thanks […]
Legal Entities for Innovation – ReVV 2010
I am participating on a panel this afternoon at the ReVisioning Value 2010 Conference in Portland, Oregon, discussing legal entities for innovation. Among the alternative ways you may structure a social venture: within an existing nonprofit. as an affiliate/subsidiary (nonprofit or for-profit) of an existing nonprofit. as an independent nonprofit. as a fiscally sponsored project of an existing […]