By NEO Law Group
Here are some of the highlights from 2 of the subcommittee meetings at the ABA Exempt Organizations Committee meeting held in San Diego on February 10, 2023 as part of the ABA 2023 Midyear Tax Meeting. Private Foundations & Unrelated Business Income Taxes & International Philanthropy Political and Lobbying;...
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: Top 10 Nonprofit Tweets: Equity and Justice: Why There Was No Racial Reckoning (Wesley Lowery, The Atlantic) But there was no Great Reckoning in...
Here are some of the highlights from 3 of the sessions at the ABA Exempt Organizations Committee meeting held on February 10, 2023 as part of the ABA 2023 Midyear Tax Meeting. What’s New, IRS? Whoa-oa-oa-ah! Representatives from the IRS and Treasury Department will discuss topics of current interest...
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: Top 10 Nonprofit Tweets: Equity and Justice: The Meaning of African American Studies (Keeanga-Yamahtta Taylor, The New Yorker) He said, “The events surrounding George...
501(c)(4) is the second most common basis of tax-exemption after 501(c)(3). 501(c)(4) social welfare organizations include several well-known advocacy organizations including the Sierra Club, the ACLU, Planned Parenthood, the NRA, and AARP. However, the majority of 501(c)(4) organizations – an estimated 85 percent – do not engage in issue...
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: Top 10 Nonprofit Tweets: Equity and Justice: Opinion: The police killing in Memphis is a reminder we must change policing (Perry Bacon Jr., Washington...
To be or stay exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be operated exclusively for one or more of the exempt purposes described in section 501(c)(3) (“exempt purposes”). The first part of a compliance analysis with respect to this requirement referred to as the...
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. On this day in 1945, Auschwitz was liberated. Today, the world marks International #HolocaustRemembranceDay. We can say “never again” all we want, but only constant effort to defend universal...
The Committee on Nonprofit Organizations of the American Bar Association’s Business Law Section is calling for nominations for the “2023 Outstanding Nonprofit Lawyer Awards.” The Committee presents the Awards annually to outstanding lawyers in the categories of Academic, Attorney, Nonprofit In-House Counsel, and Young Attorney (under 35 years old...
Fiscal sponsorship can be an effective and efficient alternative to starting and operating a new nonprofit organization. But there are great variations in how fiscal sponsorship relationships are established and memorialized in a written agreement. One of the first areas of confusion is who enters into the agreement with...