H.R. 9495 – Some Definitions

There has certainly been intense reactions to the Stop Terror-Financing and Tax Penalties on American Hostages Act. It’s been labeled the “Nonprofit-Killer Bill” by some. I consider it more the “Nonprofit-Chiller Bill” designed not to stop terror-financing, but to chill the speech of nonprofits not adequately conforming to the...

H.R. 9495: Stop Terror-Financing and Tax Penalties on American Hostages Act

Editor’s Update (11/21/24): The Republican-controlled House of Representatives passed H.R. 9495 this morning 219-184 mostly along party lines. The bill now moves to the Senate for its consideration. Exactly seven days after the Presidential election, the Republican-controlled House of Representatives failed to acquire the two-thirds majority it needed for...

Nonprofit Resources of the Week – 11/17/24

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: 3 Steps to Take Amid Post-Election Uncertainty (Tom Bartlett and Sara Gibson, Chronicle of Philanthropy) Nonprofits Face Backlash for “Controversial” Work, Report...

Charitable: Combating community deterioration

Charitable purposes under IRC Section 501(c)(3) include the promotion of social welfare by organizations designed to combat community deterioration and juvenile delinquency. The IRS Exempt Organizations Technical Guide: TG 3-3 Exempt Purpose, Charitable IRC 501(c)(3) (rev. 3/20/23) provides the following description: “Organizations combating community deterioration in a charitable manner provide economic development activities...