By NEO Law Group
A 501(c)(3) organization may be organized and operated exclusively in furtherance of an educational purpose, but it is unclear to many startups what qualifies as educational. The first place to look is Treasury Regulation Section 1.501(c)(3)-1(d)(3), which provides that educational relates to: (a) The instruction or training of the individual for the purpose of improving or […]
Here are our top 10 events of 2011 affecting the nonprofit sector (listed in chronological order): The Arab Spring NPR fundraising scandal The Great East Japan Earthquake 275,000 organizations lose tax-exempt status Mortensen and the ‘Three Cups of Tea’ scandal 501(c)(4) gift tax examinations halted Occupy Wall Street Steve Jobs dies Corporate Flexibility Act of […]
Last Friday, I had the pleasure of discussing the political campaign activity prohibition on public charities with Tony Martignetti on Nonprofit Radio. The recorded version is available online and can also be downloaded in iTunes. Below are some main highlights from the show and additional follow up: Internal Revenue Code Section 501(c)(3) Prohibition on Electioneering 501(c)(3) […]
"Stay Hungry. Stay Foolish." – S. Jobs. Here are some of my favorite posts of the week in the areas of nonprofit organizations, corporate governance, philanthropy, and social enterprises: robreich: Steve Jobs, 1955-2011 Re-visit his amazing speech: 'Your time is limited, so don't waste it living someone else's life' bit.ly/oC6T76 [Ed. – I also like […]
This is the second part of our two-part series on board meeting minutes. The previous post, “Board Meeting Minutes – Part I” can be viewed here. The content and retention of board meeting minutes are also important in part because of who may inspect the minutes and why such inspection may occur. Directors Under the California […]
Last year we wrote on the Top 10 Events of the Decade. This year we decided to do another list on the Top 10 events of 2010 affecting the nonprofit sector (listed in chronological order). We welcome your additions in the comments. Have a happy holiday season! Haitian earthquake and social media relief effort Citizens […]
An organization that is implementing or revisiting its major gifts program should take advantage of that initiative as an opportunity to weave in best practices and other preventative measures that promote legal compliance and help avoid lawsuits. Some of the considerations should include preventing donor intent disputes and communication problems, seeking the help of experts […]
Yesterday afternoon, I attended the first ever White House Gulf Coast Philanthropic Briefing hosted by the White House Initiative on Asian Americans and Pacific Islander (the "Initiative") in partnership with Asian Americans/Pacific Islanders in Philanthropy ("AAPIP") and the Corporation for National and Community Service ("CNCS"). The briefing was more of a convening and sharing of information […]
We love reading end-of-the-year Top 10 lists. So, we thought it might be fun and hopefully thought-provoking to publish a Top 10 list of the events of the decade affecting the nonprofit sector. Please add your additions in the comments. And have a happy holiday season! Here's our list (in chronological order): September 11 Terrorist […]
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 […]