Nonprofit Conversations recently posted the article What's in a Name? Benefits of the President/CEO Title. The article, written by Professor Emeritus Eugene Fram, encourages nonprofits to consider changing the title of "executive director" to "president/CEO" in order to "obtain some subtle but useful organizational benefits." While I agree that...
Tweets of the Week – 6/11/10
Here are some of my favorite posts of the week: GTak: IRS – Advisory Committee on Tax-Exempt & Gov't Entities Report of Recommendations - http://bit.ly/adOgIU plamb: What are the Critical Issues in International Grantmaking Raised at the Grantmakers Without Border.. http://bit.ly/dbkdNe Philanthropy: Key Senator Seeks Additional Information on Foundation Tax...
Tweets of the Week – 6/4/10
Here are some of my favorite posts of the week: GregLColvin: Final of my Sugarman lecture, political tax law reform after Citizens United: http://www.adlercolvin.com/attorneys/documents/sugarman.pdf BCorporation: In case you haven't heard – B Corps now legally exist in VT as well as MD! http://bit.ly/bZWMhB ajlovesya: Recap #ynpchat: The Importance of...
California Attorney General Sues Monterey County AIDS Project and Its Board
On May 24, 2010, the California Attorney General filed a complaint against the Monterey County AIDS Project (MCAP) and several of its officers, directors, and key employees for, among other things, diversion and improper distribution of charitable assets, breach of fiduciary duty for failure to use assets for a...
Tweets of the Week – 5/28/10
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...