Yesterday, NEO Law Group posted its third YouTube video on 2 minute tips for starting a nonprofit. This video focuses on the issue of fundraising before receiving an exemption determination letter from the IRS. We hope that you enjoy it and please stay tuned for additional 2 minute videos...
FUNDRAISING & CHARITABLE GIVING
Chronicle Live Discussion: Clever Ways to Thank Donors
On Thursday, October 31, The Chronicle of Philanthropy is hosting a live video discussion, Clever Ways to Thank Donors, that will show attendees how to be creative in their thank you's and also mindful of legal considerations, including federal rules regarding written acknowledgments and disclosures. You can also view...
Independent Sector Public Policy Action Institute 2013: Key Issues in Tax Reform
Day Two of the Independent Sector Public Policy Action Institute kicked off with a session on tax reform moderated by Kyle Caldwell, Charles Stewart Mott Foundation, and divided into five hot topics. Charitable Deduction. Richard Schmalbeck, Duke University School of Law, discussed the availability of a charitable contribution deduction...
Nonprofit Overhead: Good and Bad
Last Friday, Gene was on Nonprofit Radio discussing examples of good and bad overhead following host Tony Martignetti’s interview with the three signatories to The Overhead Myth letter. The growing rejection of the myth that overhead is a good way to measure a charitable organization’s value is a promising...
Overhead Myth: Thoughts from a Nonprofit Attorney
On June 17, 2013, the CEOs of GuideStar, Charity Navigator, and BBB Wise Giving Alliance signed a letter to the Donors of America denouncing the “overhead ratio” as a valid indicator of nonprofit performance. Leading commentators applauded the move even while some noted that charity ratings organizations, like...
6 More Fundraising Legal Tips
Fundraising and development professional should tighten up their knowledge of laws affecting their work. Earlier we posted Top 5 Fundraising Legal Tips. Here are 6 more: When soliciting pledges, understand whether your organization and the donor intend the pledge to be legally enforceable. If there is a contract...
‘Tis the Season to Be Compliant: Tips for Organizations on IRS Requirements for Deducting Charitable Contributions
The holiday season is a time of giving. Along with the presents exchanged at gatherings with friends and families, many gifts are made to nonprofits in the closing month of the year at holiday charity galas and auctions, through end-of-the year email and direct mail appeals, and through other...
There is no “I” in Team: Common Private Benefit Problems for Booster Clubs
Booster clubs are commonly used by parents and students to help offset the costs of school or extracurricular activities such as participation in an athletic team, marching band, or academic decathlon team. Booster clubs are often parent controlled and formed; may conduct fundraising through a variety of efforts such as car washes, general...
Contributions to Charity-owned LLCs
The IRS has finally confirmed that a contribution to a disregarded single member LLC ("SMLLC") wholly owned by a U.S. charity that otherwise qualifies under Section 170 of the Internal Revenue Code will be treated as a charitable contribution to a branch or division of the charity. Notice 2012-52...
Gift Acceptance Policies – NCPGC Program Presented by Barbara Rhomberg
On January 12, 2012, I attended the progam "Gift Acceptance Policies: Why, When, What, How, and Who" presented to the Northern California Planned Giving Council by exempt organizations attorney Barbara Rhomberg. Using the example of the Trojan Horse, Barbara quickly convinced us that not all gifts are good...
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