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...
2010 Council on Foundations Annual Conference
Regretfully, I again missed the Council on Foundations (CoF) Annual Conference, though I was present in Denver for the Asian Americans/Pacific Islanders in Philanthropy (AAPIP) annual board and membership meetings before flying to Portland to participate in the ReVV 2010 Conference. The theme of the CoF Conference this year: Intersections: Social...
Legal Entities for Innovation – ReVV 2010
I am participating on a panel this afternoon at the ReVisioning Value 2010 Conference in Portland, Oregon, discussing legal entities for innovation. Among the alternative ways you may structure a social venture: within an existing nonprofit. as an affiliate/subsidiary (nonprofit or for-profit) of an existing nonprofit. as an independent nonprofit. as a...
Tweets of the Week – 4/23/10
Here are some of my favorite posts of the week: GTak: 1/4 of nonprofits may lose their tax-exempt status – http://is.gd/bElQM – AVOIDABLE if small charities file very simple online 990-N! GTak: California's flexible purpose corporation bill (last amended April 5, 2010) – http://bit.ly/9mzuRW – social enterprise legal forms...
L3C and Charitable Trust
Here is a question I posed to some colleagues recently regarding the low-profit limited liability company (L3C) and charitable trust laws: Is it clear whether or not an L3C that receives a PRI is holding property for charitable purposes subject to charitable trust restrictions and Attorney General jurisdiction? While...