On March 1, The San Francisco Foundation presented, as part of its Professional Advisor Seminar Series, Donor Restrictions – What Will Your Clients Think of Next, featuring Erik Dryburgh, a highly respected attorney with Silk, Adler & Colvin. Erik focused both on donor issues and charity issues with respect...
Group Exemption
UPDATE (6/16/20): IRS Notice 2020-36 This notice contains a proposed revenue procedure that sets forth updated procedures under which recognition of exemption from federal income tax for organizations described in ยง 501(c) of the Internal Revenue Code (Code) may be obtained on a group basis for subordinate organizations affiliated...
Free Online IRS Training
The IRS is now offering interactive online workshops designed for small- and mid-sized charitable organizations on the following topics: Tax-Exempt Status – How can you keep your 501(c)(3) exempt? Unrelated Business Income – Does your organization generate taxable income? Employment Issues – How should you treat your workers for...
Review: Preventing Fraud in Nonprofit Organizations
Preventing Fraud in Nonprofit Organizations by Edward J. McMillan, CPA, CAE, is described on the book’s back cover as "the proactive manual your organization needs to detect fraud and prevent it from affecting your organization’s bottom line and name." McMillan, an experienced association executive, delivers the goods with dozens...
San Francisco – New Sick Law Goes Into Effect
Effective as of February 5, 2007, all employers (including nonprofits) must provide paid sick leave for staff members working in San Francisco. Learn more about this groundbreaking, controversial law at the following sites: Fact Sheet – Paid Sick Leave Ordinance – SF Office of Labor Standards Enforcement FAQs –...
Advisory Committee Principles – Principles for Responsible Fundraising Practices
Here are the 7 draft principles falling within the category of "Principles for Responsible Fundraising Practices" developed by the Panel on the Nonprofit Sector’s Advisory Committee on Self-Regulation of the Charitable Sector: Solicitation materials and other communications with donors and the public must clearly identify the organization and be...
Advisory Committee Principles – Principles for Strong Financial Oversight
Here are the 5 draft principles falling within the category of "Principles for Strong Financial Oversight" developed by the Panel on the Nonprofit Sector’s Advisory Committee on Self-Regulation of the Charitable Sector (note that today is the last day for public comment): The board of a charitable organization must...
Advisory Committee Principles – Principles for Effective Governance
Here are the 11 draft principles falling within the category of "Principles for Effective Governance" developed by the Panel on the Nonprofit Sector’s Advisory Committee on Self-Regulation of the Charitable Sector: The board of a charitable organization must meet regularly enough to conduct its business and fulfill its duties....
Advisory Committee Principles – Facilitating Legal Compliance
Here are the 6 draft principles falling within the category of "Facilitating Legal Compliance" developed by the Panel on the Nonprofit Sector’s Advisory Committee on Self-Regulation of the Charitable Sector: A charitable organization should be knowledgeable about and must comply with all applicable laws and regulations and international conventions....
Independent Sector: Draft Principles for Self-Regulation
The Panel on the Nonprofit Sector’s Advisory Committee on Self-Regulation of the Charitable Sector has developed a set of 29 principles of effective practice for charitable organizations. The Committee recommends that all charitable organizations aspire to follow these principles and that all larger public charities (annual revenues of at...