Crowdfunding Laws: Platform Charities

In 2021, California passed a new set of laws (referred to as AB 488) regulating charitable crowdfunding that go into effect on January 1, 2023. AB 488 makes changes to the Supervision of Trustees and Fundraisers for Charitable Purposes Act, which governs charitable corporations, unincorporated associations, trustees, commercial fundraisers,...

Highlights from the ABA Exempt Organizations Committee Meeting 2/1/22 – Part Three

Tax Issues for Fundraising Platforms, Donors and Donees “Charitable fundraising platforms” are websites, mobile apps, or other internet-based technology platforms that facilitate or enable charitable solicitation or charitable giving.  There are many types of charitable fundraising platforms – both for-profit and nonprofit. Among the many types are those focused...