Generally, 501(c)(3) organizations can make grants to individuals and to businesses if such grants are made in furtherance of their 501(c)(3) tax-exempt purposes and are not expended in a manner inconsistent with 501(c)(3). In Part One of this series, we focused on mission-consistency, charitable class, and prohibited private benefits. In Part Two, we looked more specifically at a […]
disaster relief
Grants to Individuals and Businesses – Part Two
Generally, 501(c)(3) organizations can make grants to individuals and to businesses if such grants are made in furtherance of their 501(c)(3) tax-exempt purposes and are not expended in a manner inconsistent with 501(c)(3). In Part One of this series, we focused on mission-consistency, charitable class, and prohibited private benefits. In this Part Two, we look […]
Nonprofit Radio: Disaster Relief
I’ll be on Nonprofit Radio this Friday, October 20, at 10:00 am PT / 1:00 pm ET talking with host Tony Martignetti about disaster relief. Sadly, this is an particularly timely topic with the ongoing fires in Northern California following the devastating hurricanes of the past few months. Catch us live on Talking Alternative or a few days later on iTunes. Introduction to […]
Disaster Relief (2011 Update)
The IRS posted new information on Disaster Relief: Meaning of "Charitable Class" on January 31, 2011. It provides further information about the requirement that a 501(c)(3) organization's operations benefit a charitable class: What is meant by charitable class? A charitable class is a group of individuals that may properly receive assistance from a charitable organization. […]
Tweets of the Week – 1/15/10
Here are some of my favorite tweets of the past week: GTak: Hybrids: B corporation … L3C … H corporation? http://bit.ly/4X9NZq (Cal Lawyer); http://bit.ly/8nLMoN (Katovich Law) GTak: CA FTB Update: Sending revocation letters to nonprofits that have been suspended – if revoked, need to reapply w/Form 3500 (not 3500A) GTak: CA AG Update: Franchise Tax Board will be notified of suspension/revocation of […]