Here are some of my favorite posts of the week: GTak: Yunus: Grameen Bank to open a branch in San Francisco later this year. GTak: Yunus: Grameen Bank lends out $100M per month in collateral-free loans averaging about $200 each (repayment rate of 98%). GTak: SF Bay Area nonprofits...
Maryland’s Benefit Corporation
On April 13, 2010, Maryland became the first state to recognize a new corporate form called a “benefit corporation” (not to be confused with a “Certified B Corporation”) when Governor Martin O’Malley signed into law, Senate Bill 690, which allows corporations to pursue socially responsible purposes in addition to...
Tweets of the Week – 5/21/10
Here are some of my favorite posts of the week: GTak: UK Prime Minister David Cameron says social enterprise is key to Big Society reform http://is.gd/cgjNs GTak: Reprieve? IRS Commissioner tells organizations to file 990 even if the deadline has now passed. http://bit.ly/aBiAa p2173: LawForChange – legal network for...
The End of Small Nonprofits That Have Not Filed Form 990
Today is the last day for up to 380,000 nonprofits to file some version of Form 990 or automatically lose their tax-exempt status. Many of these organizations have been abandoned, and it will be of value to get them off the books. But it is believed that a substantial...
Tweets of the Week – 5/14/10
Here are some of my favorite posts of the week: GTak: Dryburgh: Typical problems with charitable gifts – purpose restrictions, naming rights, confidentiality, how costs are to be charged GTak: Huge liability exposure: copy machine hard drives (wipe before sale/disposal). http://ow.ly/1IG52 (CBS) via @SCartierLiebel GTak: China's crackdown on nonprofit...
IRS Interim Report on Nonprofit Colleges and Universities Compliance Project
The Internal Revenue Service released an interim report (the "Report") on May 7, 2010, summarizing responses to compliance questionnaires sent to 400 public and private colleges and universities in October 2008. The Report and underlying project principally focused on (1) the conduct and reporting of exempt or other activities...
Tweets of the Week – 5/6/10
Here are some of my favorite posts of the week: GTak: D&O Liability Insurance & Indemnification – http://is.gd/bUkiC (Council on Foundations 2007) GTak: More Scrutiny for Colleges' Business Practices – http://is.gd/bTE6Y Inside Higher Ed – issue tax-exempt bonds, invest in higher-yield assets jeancase: My thanks to all who offered supportive...
Management Service Organizations and Unrelated Business Income Tax
Nonprofit organizations are often seeking better, cost-effective ways to handle administrative services, for example, by using a management service organization (MSO). An MSO can be generally defined as an organization that primarily exists to provide administrative services to multiple organizations. An MSO will generally charge fees for providing such...
Social Enterprise Alliance Summit – 2010
I had the great pleasure of attending the first day of the SEA Summit in San Francisco this year. Here are my tweets from the Summit: Realize it's not just about your SE, it's about the movement – Jim Fruchterman SEs in the UK: 62,000 SEs, 1% of GDP,...
Tweets of the Week – 4/30/10
Here are some of my favorite posts of the week: COF_: Gore tells foundations: climate strides in your hands http://bit.ly/dlDtv1 COF10 COF_: COF10 – “Ten Ways” for Foundations to Strengthen Diversity and Inclusiveness http://bit.ly/9X6kGl Philanthropy411: New post by Rosetta Thurman – Racial Justice is Everybody’s Issue http://wp.me/proVT-sD rosettathurman: EPIP...