The following message is from the Office of the Attorney General of the State of California: Updated Forms for 2022 Updated forms will be available for download by January 1, 2022 and will be required with any filings received by the Registry on or after January 1, 2022. Significant changes include fee updates for charity, raffle and […]
Pearson Charitable Foundation to Dissolve
A few weeks ago, the Board of Directors of Pearson Charitable Foundation, the Section 501(c)(3) organization affiliated with the educational publishing company Pearson PLC, announced that it will be closing the Foundation at the end of the year after a decade of operations. According to the Foundation’s website, the decision to close the Foundation comes […]
L3C and Charitable Trust
Here is a question I posed to some colleagues recently regarding the low-profit limited liability company (L3C) and charitable trust laws: Is it clear whether or not an L3C that receives a PRI is holding property for charitable purposes subject to charitable trust restrictions and Attorney General jurisdiction? While the L3C is not subject to […]
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