On March 9, 2006, I attended a Northern California Planned Giving Council luncheon meeting featuring Jane Peebles and a discussion of International Giving. Ms. Peebles, a partner in Bingam McCutchen’s estate planning group, is a leading legal expert in the area of international philanthropy. Here are some of the...
Wealth in Families: Asking the Essential Questions – March 7, 2006
I attended the Peninsula Community Foundation’s program entitled "Wealth in Families: Asking the Essential Questions" on March 7, 2006. The keynote speaker was Charles Collier, Senior Philanthropic Advisor at Harvard University and a nationally recognized expert in family philanthropy. Although his program was directed at advisors to wealthy families,...
President Bush’s 2007 Budget Plan
President Bush sent his $2.8 trillion budget for fiscal year 2007 to Congress earlier in February. Here are some highlights: 141 programs, including a program that provides meals to about 400,000 needy elderly people, singled out for elimination or severe cuts, saving $15 billion. $1 billion reduction in the...
Council on Foundations Leads Call for Treasury Department to Withdraw Antiterrorism Guidelines
A coalition of more than 40 nonprofit organizations led by The Council on Foundations has called on the U.S. Department of Treasury to withdraw its "Anti-Terrorist Financing Guidelines: Voluntary Best Practices for U.S.-based Charities" (rev. Nov. 2005). In response to the Treasury Department’s invitation for public comments to propose...
IRS Investigation – Illegal Political Activity
The Internal Revenue released a report on February 24, 2006 summarizing its 2004 Political Activity Compliance Initiative ("PACI") project which focused on the political activity by charitable tax-exempt organizations during the 2004 election cycle. The press release issued in connection with the Report stated that "early three-quarters of 82...
Installation Dinner – Asian American Bar Association of the Greater Bay Area
I attended the Twenty-Ninth Annual Installation Dinner of the Asian-American Bar Association of the Greater Bay Area (AABA) on Friday, February 24, 2006. With over 700 attendees, highly deserving award recipients, inspirational speeches, and a lively atmosphere, the event was a great success. Personally, I had a great time...
19th Annual Dr. Martin Luther King, Jr. Luncheon
I just returned from the 19th Annual Dr. Martin Luther King, Jr. Luncheon hosted by the Lawyers’ Committee for Civil Rights of the San Francisco Bay Area. I’ve always found this to be an amazing event, and this year was no different. I was particularly honored to be sitting...
“What’s Happening with Charity Reform” – A Presentation by Jane Gallagher of the Council on Foundations
At a January 26, 2006 meeting hosted by the Northern California Planned Giving Council, Janne Gallagher, Vice President and General Counsel of the Council on Foundations, spoke about current legislation affecting the nonprofit sector. Here are some of the highlights: S 2020: Senate Tax Reconciliation Bill Proposals to Increase...
Evans & Rosen on Unrelated Business Income Tax
On February 3, 2006, I attended a CompassPoint program on unrelated business income tax (UBIT) presented by Cherie Evans and Barbara Rosen of Evans & Rosen. Cherie and Barbara are colleagues of mine in the practice area of exempt organizations or nonprofit law. Both spent part of their legal...
Boys and Girls Club Turns Down Donation From Hooters: Breach of Fiduciary Duties?
Charity Governance, in a January 22, 2006 post, examined the intriguing question of whether board members of the Boys and Girls Club of Burlington, Vermont breached their fiduciary duties by turning down an apparently unrestricted $2,250 donation from Hooters, the popular, racy restaurant chain. In its analysis, Charity Governance...
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