By NEO Law Group
As we have discussed in previous posts on the motivations and the risks associated with nonprofit mergers, nonprofit leaders should enter into any merger discussions with sufficient knowledge and understanding to make sound decisions. In this post, we identify 8 tips and 8 traps of nonprofit mergers. 8 Tips...
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: “Presumptive Democratic presidential nominee Joe Biden on Tuesday picked Sen. Kamala D. Harris (D-Calif.) as his running mate, a historic decision that elevates the...
A charitable nonprofit may engage in a joint venture (JV) with a for-profit entity subject to some important limitations. It’s critical for nonprofit leaders to understand these limitations in contemplating and negotiating a JV to avoid jeopardizing its tax-exempt status, unlawfully diverting charitable assets, and conferring a prohibited private...
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 chief executive of the National Rifle Association and several top lieutenants engaged in a decades-long pattern of fraud to raid the coffers of...
In response to the COVID-19 pandemic, the associated financial and social crises, and the rising racial justice movement, many nonprofits are looking at collaborations and mergers as a strategic response. But nonprofit leaders must understand at the outset the risks associated with such transactions. Following up on our recent...
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 coronavirus pandemic’s toll on the nation’s economy became emphatically clearer Thursday as the government detailed the most devastating three-month collapse on record, which...
Facing the severe impacts of the current public health and economic crises, many nonprofits are considering mergers and other forms of collaboration as a strategy for maintaining or strengthening their programmatic activities, their brand and clout, and, for some, their survival. Prior to entering into any negotiations around a...
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: “John Lewis, a civil rights leader who preached nonviolence while enduring beatings and jailings during seminal front-line confrontations of the 1960s and later spent...
I’ll be on on Nonprofit Radio this Friday, July 24, at 10:00 am PT / 1:00 pm ET talking with host Tony Martignetti about nonprofit collaborations right after he speaks with his other guests Jacqueline Copeland and Valaida Fullwood about Black Philanthropy Month. You can listen live on Talking Alternative. The archived podcast will be available...
Generally, 501(c)(3) organizations can make grants to individuals and to businesses if such grants are made in furtherance of their 501(c)(3) tax-exempt purposes and are not expended in a manner inconsistent with 501(c)(3). In Part One of this series, we focused on mission-consistency, charitable class, and prohibited private benefits. In Part Two,...