By NEO Law Group
If your for-profit company is interested in starting a related nonprofit, here are 7 initial considerations to take into account before moving forward: 1. Are you properly intentioned? A nonprofit exempt under 501(c)(3) of the Internal Revenue Code must have a charitable, educational, or other 501(c)(3)-consistent purpose and must not be operated for the benefit of […]
The holiday season is a time of giving. Along with the presents exchanged at gatherings with friends and families, many gifts are made to nonprofits in the closing month of the year at holiday charity galas and auctions, through end-of-the year email and direct mail appeals, and through other fundraising events. For charities, the deductibility […]
The Emerging Leaders Program (ELP) of the Center for Volunteer and Nonprofit Leadership "addresses the core competencies needed to effectively manage organizations and complex programs as well as the leadership skills one needs to be successful within our quickly changing sector." Last week, Emily Chan and I spoke to the ELP group on various legal […]
2024 was the year of big corporations and billionaires. It was also the year in which Donald Trump was elected to serve as President of the United States; Republican candidates were elected to form a majority of both the House and Senate; the Russian-Ukraine war (prompted by Russia’s invasion of Ukraine in 2022) continued to […]
I recently joined fellow Nonprofit Radio contributor Amy Sample Ward (CEO, NTEN) in conversation with host Tony Martignetti about what we expect to see in the new year. Listen to the podcast here. Our esteemed contributors share what they’re looking to next year, with the uncertainty of a new president and administration. On the table […]
Editor’s Update (11/21/24): The Republican-controlled House of Representatives passed H.R. 9495 this morning 219-184 mostly along party lines. The bill now moves to the Senate for its consideration. Exactly seven days after the Presidential election, the Republican-controlled House of Representatives failed to acquire the two-thirds majority it needed for fast track approval of H.R. 9495, […]
The joint Treasury and IRS Initial 2023-2024 Priority Guidance Plan was released on October 3, 2024. The Plan contains 231 guidance projects that are priorities for allocating Treasury Department and IRS resources during the 12-month period from July 1, 2024 through June 30, 2025. The following are the projects listed for exempt organizations with some additional commentary […]
Nonprofits exist to advance their mission. That seems simple enough. As does the corresponding statement: the mission is the reason for a nonprofit’s existence. The public expression of the mission is typically a short, pithy phrase that is part of the leadership’s elevator pitch. Below are a few examples of mission statements from well-known organizations. […]
On Tuesday, June 18, Northern California Grantmakers (NCG) held its Annual Conference: Imagine and Act in Oakland, California. The NCG website included the following in its description of the Conference: We can only act on what we can imagine. As philanthropy is called to meet this moment, we need to expand our imagination. How can we […]
Conferences of grantmaker organizations focus on many critically important topics. But I have noticed that nonprofit and exempt organizations law tends to be an underappreciated area of coverage, even when it might inform several areas of focus. And for those willing to make the investment in learning and managing nuances and complexities, a better understanding […]