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: Nonprofits, Legal Experts React to the Fearless Fund Decision to Shutter Grant Program to Black Entrepreneurs (Alex Daniels, Chronicle of Philanthropy) [Ed. Regarding the issue of whether a […]
Author: Gene Takagi
2024 IRS Resources for Supporting Organizations
The IRS recently published three Technical Guides on supporting organizations, one for each of the types describing the relationship between the supporting organization and its supported organization(s). A supporting organization (“SO”) is described in Section 509(a)(3) of the Internal Revenue Code as a category of 501(c)(3) organizations that does not fall within the definition of […]
Nonprofit Resources of the Week – 9/15/24
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: Fearless Fund settles with DEI foes, ends grant program for Black women (Julian Mark and Taylor Telford, Washington Post) Fearless Fund Drops Grant Program for Black Women Business […]
Spending from an Endowment
We have previously written about prudent investment rules that apply to charities with respect to their institutional funds (including endowment funds) under the Uniform Prudent Management of Institutional Funds Act (UPMIFA), including here. One of the important factors in selecting and managing investments is the amount that is intended to be expended and the frequency […]
Nonprofit Resources of the Week – 9/8/24
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: The state of diversity in the U.S. nonprofit sector (Clerkin, C., Diomande, M., Koob, A., Candid) Proposed Restrictions on Foreign Grantmaking by U.S. Tax-Exempt Organizations (Michael Kuczynski, Jacob […]
Prudent Investments: UPMIFA and Climate Change
Charitable nonprofits organizations (“charities”) are subject to state prudent investment laws as we have previously written about here. The most important of these laws is the Uniform Prudent Management of Institutional Funds Act (UPMIFA) applicable in 49 states (all except Pennsylvania) and DC. UPMIFA and Management and Investment Factors UPMIFA describes eight factors that must […]
Nonprofit Resources of the Week – 9/1/24
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: Understanding “New Power” (Jeremy Heimans and Henry Timms, Harvard Business Review) Nonprofit Explorer Now Shows Which Organizations Are Trending (Brandon Roberts, Pro Publica) Transition Advocacy: Is it Lobbying? […]
More on Nonprofits and Climate Change
I’ve been writing and speaking on the responsibilities of virtually all nonprofits and their leaders to consider climate change (and pollution) in planning and decision-making. See, for example, What’s Your Nonprofit Doing to Fight Climate Change? Expectedly, I’ve received some push back from attorneys and others about the requirement not to divert charitable assets away […]
Nonprofit Resources of the Week – 8/25/24
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: Before the Exposé Hits the Front Page (Joan Garry, Stanford Social Innovation Review) [Ed. The subheading: “Nonprofits need to plan for crises before they happen, as the example […]
Nonprofit and Exempt Organizations Law Practice
Many attorneys who work in the nonprofit and exempt organizations (“NEO”) practice area never knew this was a distinct area of law around which they could build a practice. I published a post 12 years ago about my journey and work as an attorney for nonprofits (now in need of a refresh) which included some […]