By NEO Law Group
A donor advised fund (“DAF”) is generally defined in Section 4966(d)(2)(A) of the Internal Revenue Code as a fund or account On November 13, 2023, the Internal Revenue Service and Treasury Department released proposed regulations on DAFs (the “Proposed Regs”) which has attracted a number of comments and criticisms, including with...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: The Connection (AFJ Bolder Advocacy) [Ed. The 5th edition of this incredibly valuable resource was recdently published, providing guidance to nonprofit advocates...
I recently spoke with Tony Martignetti, host of Nonprofit Radio, about election year issues for charities in 2024. You can join the 13,000 weekly listeners and catch the Nonprofit Radio podcast here. Tony and I have previously spoken about election year advocacy for charities. It’s important at the outset to...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Running the Advocacy Race: Bolder Advocacy’s Top Resources for an Impactful 2024 Election Season (Natalie Roetzel Ossenfort, Alliance for Justice) The California...
The IRS Tax Exempt & Government Entities Division (TE/GE) recently published its FY 2023 Accomplishments Letter. One segment of customers covered by TE/GE is Exempt Organizations (EO), which includes charities, private foundations, business leagues, labor unions, and veterans’ organizations. The other two segments of customers are Employee Plans and Government Entities. The Accomplishments Letter...
The following are just some of the many highlights from the 2024 Western Conference on Tax Exempt Organizations (WCTEO). Because of a change in the timing of the WCTEO from late fall to late winter, there was no conference in 2023, but that gave us a few more months of developments...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: They Could Decide the 2024 Election. If They Vote. (Marcela Valdes, NY Times) Supreme Court offers possible road map for schools to...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Day of Remembrance (Fred T. Korematsu Institute) [Ed. Statement from President Biden: “On this day in 1942, President Franklin D. Roosevelt signed...
The 2024 National Study on Donor Advised Funds was published last week by the DAF Research Collaborative. Donor advised funds (DAFs) represent a very substantial and controversial part of the charitable nonprofit sector. On one hand, they are characterized as the fastest growing segment of the sector, attracting more...
On June 14, 2023, the IRS issued proposed regulations under the Inflation Reduction Act of 2022 (IRA) providing for nonprofit tax-exempt organizations to benefit from certain clean energy credits that would allow them to elect direct payment from the IRS in lieu of a tax credit. Before IRA, tax...