By NEO Law Group
All too often, whether a nonprofit corporation is legally compliant in its operations receives attention only after a conflict or issue arises. Instead, a nonprofit corporation can better prevent such conflicts and protect itself through regular legal audits of its corporate governance, federal and state tax exemption, other federal tax law matters, employment and volunteer […]
An eventful year for the world, the sector, and for us at NEO Law Group. Some of my firsts: participating at Burning Man (one of our favorite clients), rapping at Independent Sector’s Annual Conference, and attending SOCAP. Here is the best stuff from the NEO Law Group over the past year: Blog Posts General Why Are Charities Tax-Exempt? – […]
Our team had the pleasure of attending the CalNonprofits Annual Policy Convention in Oakland yesterday. It was a nonprofit conference full of practical substance with a strong emphasis on attendees actively engaging their stakeholders and getting them to vote. Keynote The morning keynote address by Dr. Raphael Sonenshein was outstanding. He noted that anger and fear motivated people […]
A 501(c)(3) organization may advance its “charitable” purpose through international activities. But there is much that needs to be considered when operating in a foreign country, including – Registration It is very common for a country, state/province, and/or city/municipality to require a foreign nonprofit to register with a governmental agency and be subject to its regulations. Operating without […]
Donor advised funds are an increasingly popular mechanism for individuals with charitable objectives who want to make a deductible charitable contribution in one year but make charitable distributions (grants) over a period of years. They are often recommended to such individuals as a preferable alternative to starting a private foundation. In general, a donor advised fund […]
I had the pleasure of attending the American Bar Association Exempt Organizations Committee Meeting yesterday (chaired by Robert Wexler of Adler & Colvin) and seeing many of the most respected attorneys working with nonprofits from throughout the country. Here are a few takeaways: Some applicants for 501(c)(3) status are getting exempt status revoked before […]
Day Two of the WCTEO began with EO attorney Bruce Hopkins delivering his always informative and entertaining program on new developments over the past year, focusing particularly on private letter rulings (PLRs). Here are some of the notable PLRs: Denying recognition of exemption under 501(c)(3) because of operation in substantially commercial manner: 200944053 Denying recognition of […]
The Senate passed the Tax Relief Act of 2005, with certain amendments, by a vote of 64 to 33 early this morning. The two California Senators were split; Sen. Diane Feinstein voted in favor of passage and Sen. Barbara Boxer voted against it. The following provisions are covered by the bill: IRA charitable rollover Non-itemizer […]
Charitable Lead Trusts – A Brief Primer A charitable lead trust (CLT) is a split-interest trust in which the income interest is to be paid over to one or more charitable organizations and the remainder interest is to be paid over to one or more noncharitable beneficiaries. The CLT is often used as a vehicle […]
Charitable purposes under IRC Section 501(c)(3) include the the promotion of social welfare by organizations designed to defend human and civil rights secured by law. The IRS Exempt Organizations Technical Guide: TG 3-3 Exempt Purpose, Charitable IRC 501(c)(3) (rev. 3/20/23) provides the following description: “(1) Treas. Reg. 1.501(c)(3)-1(d)(2)(iii) includes defending human and civil rights secured by law under the […]
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