By NEO Law Group
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: “Republicans on Wednesday blocked action for the third time this year on legislation to bolster voting rights, leaving Democrats few options to advance the bill outside of changing the Senate […]
The Upswell Summit 2021 takes place this week virtually bringing together “thousands of changemakers, hundreds of speakers, brilliant thought leaders, inspired innovators, and powerful creators to unleash civil society’s fullest potential.” Our shared purpose: building a racially just and healthy society where every person can thrive. Othering & Belonging Conference – Highlights This year’s Upswell […]
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: “Senate Democrats and Republicans on Thursday approved a measure to fund the government into early December, putting lawmakers one step close toward staving off a shutdown that is set to […]
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 United States is careening toward an urgent financial crisis starting in less than two weeks, as a political standoff on Capitol Hill threatens to shutter the government during a […]
When a nonprofit organization receives funding, it’s important for it to know if it should classify those incoming funds as receipts from a contract, or receipts from a grant. How the funds are categorized can lead to very different outcomes for the nonprofit organization. For example, the characterization will affect the category of expense or […]
The Accelerating Charitable Efforts Act (“ACE Act”) is creating quite a stir among nonprofits and leaders in or advising the sector. The TL;DR version of the controversy: the increase in the funds donated to the charitable nonprofit sector resulting from donor advised funds (DAFs) either offsets or fails to offset the problems associated with (1) […]
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: “Two explosions killed dozens of people, including at least 13 U.S. troops, ripping through the crowds outside Afghanistan’s main airport on Thursday, just hours after Western governments had warned of […]
Earlier this year, the IRS released a private letter ruling (PLR 202119002) on a private foundation’s contemplated grants to three foreign organizations that will each regrant the applicable funds to secondary grantees in furtherance of the private foundation’s 501(c)(3) exempt purposes. While a PLR may not be relied on as precedent by other taxpayers or […]
Georgetown Law held its 38th Annual Representing and Managing Tax-Exempt Organizations conference (virtual edition) last week. Among the sessions at the conference was a perennial favorite: Update on Key Current Developments presented by exempt organizations attorney Bruce Hopkins. Below are some of the many highlights from his presentation: IRS TE/GE FY 2021 Program Letter IRS […]
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: “In 24 hours, Congress reconvened in a Capitol breached and battered by a pro-Trump mob, formalized Mr. Biden’s victory over the objections of more than 100 Republican lawmakers and found […]