Last week, BoardSource published its highly anticipated governance report Leading With Intent: BoardSource Index of Nonprofit Board Practices. This report highlights the results of BoardSource’s latest biennial study on nonprofit governance structures, practices, and performance. Key Findings Boards are disconnected from the communities and people they serve. Almost half (49%)...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “A highly anticipated first summit meeting between President Biden and President Vladimir V. Putin of Russia ended early on Wednesday and was described by...
I attended a seminar hosted by Exponent Philanthropy where the presenters discussed a unique approach to grantmaking that they referred to as “Catalytic Grantmaking.” The presenters suggested that many of the steps in what they identified as the “traditional grantmaking” process could be ignored to produce a quicker and...
“Catalytic Philanthropy” was coined by Mark Kramer in an article he wrote for the Stanford Social Innovation Review in 2009. The article states that a grantor’s role in traditional philanthropy is typically limited to writing a check to a nonprofit and otherwise having a pretty much hands-off approach (besides its performance of the...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, covering more...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “A mass grave containing the remains of 215 children has been found in Canada at a former residential school set up to assimilate indigenous...
Startup charitable nonprofit organizations typically file with IRS for recognition of tax-exempt status under Section 501(c)(3) of the Internal Revenue Code shortly after formation. If an application for such recognition (Form 1023) is filed within 27 months of formation, and approved, the IRS recognizes tax-exempt status retroactively as of...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “The nine men — beloved sons, fathers, husbands and grandfathers — were killed Wednesday in the deadliest mass shooting in Bay Area history. Their stories vary,...
Earlier this year, the IRS released a private letter ruling (PLR 202119002) on a private foundation’s contemplated grants to three foreign organizations that will each regrant the applicable funds to secondary grantees in furtherance of the private foundation’s 501(c)(3) exempt purposes. While a PLR may not be relied on...
Georgetown Law held its 38th Annual Representing and Managing Tax-Exempt Organizations conference (virtual edition) last month. Among the sessions at the conference was Legal and Tax Issues for Foreign Offices and Affiliates presented by Stephanie Biden, Ricardo A. Castro, and Curtis Saueressig. Below are some of the many highlights from their...