Charitable nonprofits organizations must comply with state prudent investment laws that apply to their investment assets. In California, as is the case in 49 of the 50 states, the Uniform Prudent Management of Institutional Funds Act (UPMIFA) sets the rules. Note that there may be some (mostly minor) variation among state laws, but we’ll specifically […]
Author: Gene Takagi
Nonprofit Tweets of the Week – 9/4/20
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 Justice Department secretly took steps in 2017 to narrow the investigation into Russian election interference and any links to the Trump campaign, according to former law enforcement officials, keeping […]
Nonprofits in Trouble: The Fiscal Sponsorship Option
The twin crises of pandemic and recession are straining the region’s philanthropies and could force as many as a third of nonprofits to close or merge before the economy recovers, according to top executives in the sector. The Washington Post (8/3/20) In these historically challenging times, there are predictions that we could see more than […]
Nonprofit Tweets of the Week – 8/28/20
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 Justice Department on Wednesday announced a civil rights investigation into the police shooting of a Black man in Kenosha, Wis., as new details emerged in the case, a white […]
Payments to Charities
Final regulations from the Treasury Department were published and made effective on Tuesday, August 11, 2020, regarding the treatment of payments (not charitable contributions) to charitable entities in return for consideration (value). The regulations finalize proposed regulations issued in December 2019 and incorporate previously published IRS guidance. For a taxpayer to get an allowable deduction […]
Nonprofit Tweets of the Week – 8/21/20
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: “Hundreds of thousands of acres of unpopulated land continued to burn across California on Thursday, as dozens of lightning-sparked wildfires moved quickly through dry vegetation and threatened the edges of […]
Nonprofit Mergers: Tips & Traps
As we have discussed in previous posts on the motivations and the risks associated with nonprofit mergers, nonprofit leaders should enter into any merger discussions with sufficient knowledge and understanding to make sound decisions. In this post, we identify 8 tips and 8 traps of nonprofit mergers. 8 Tips Check the organization’s own readiness, including […]
Nonprofit Tweets of the Week – 8/14/20
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: “Presumptive Democratic presidential nominee Joe Biden on Tuesday picked Sen. Kamala D. Harris (D-Calif.) as his running mate, a historic decision that elevates the first Black woman and first Asian […]
Nonprofit Joint Ventures: Basics
A charitable nonprofit may engage in a joint venture (JV) with a for-profit entity subject to some important limitations. It’s critical for nonprofit leaders to understand these limitations in contemplating and negotiating a JV to avoid jeopardizing its tax-exempt status, unlawfully diverting charitable assets, and conferring a prohibited private benefit on the for-profit and/or its […]
Nonprofit Tweets of the Week – 8/7/20
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 chief executive of the National Rifle Association and several top lieutenants engaged in a decades-long pattern of fraud to raid the coffers of the powerful gun rights group for […]