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 battle over access to the ballot is entering a precarious new stage. Democrats and civil-rights groups are pursuing a two-track strategy to preserve their embattled hopes of passing federal legislation […]
Author: Gene Takagi
Key Nonprofit Governance Report: Leading With Intent
Last week, BoardSource published its highly anticipated governance report Leading With Intent: BoardSource Index of Nonprofit Board Practices. This report highlights the results of BoardSource’s latest biennial study on nonprofit governance structures, practices, and performance. Key Findings Boards are disconnected from the communities and people they serve. Almost half (49%) of all chief executives said that […]
Nonprofit Tweets of the Week – 6/18/21
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 highly anticipated first summit meeting between President Biden and President Vladimir V. Putin of Russia ended early on Wednesday and was described by both sides as a series of […]
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. […]