The Sale of Charitable Assets to a For-Profit

We have recently seen an increasing number of transactions involving the sale of charitable assets to for-profit entities.  While generally permissible if conducted properly, these sales raise a number of legal issues at both the federal and state levels that must be considered.  Where the transaction is motivated in part by the desire to further […]

Diversity, Equity, and Inclusion in Nonprofit Bylaws

Nonprofits should be at the forefront of encompassing diversity, equity, and inclusion (“DEI”) into their governance and operations. While discussions regarding DEI are increasingly prevalent in the nonprofit sector, the next, more difficult, step forward is to turn the discussions into action. How do we, as part of the nonprofit community dedicated to the benefit […]

Applying for the California Property Tax Welfare Exemption: An Overview

Nonprofits exempt under 501(c)(3) of the Internal Revenue Code are not automatically exempt from property taxes. In California, depending upon ownership and use of the property, eligible nonprofit organizations may separately apply and receive an exemption from local property taxes. There are three common exemptions for nonprofits owning property in California: the Church exemption, the […]

UBIT – Issues for Shared Spaces

  I will be speaking this week for The Nonprofit Centers Network on unrelated business income tax (“UBIT”) related issues faced by nonprofits providing shared space with other individuals or entities (you can register for the webinar here).  As we’ve discussed in previous posts on UBIT, generally, net income from unrelated business activities will be […]

Nonprofit Tweets of the Week – September 20, 2013

  The official end of summer and a busy fall conference season ahead for many. Today, Erin and I are attending the American Bar Association Exempt Organizations Committee Meeting with many of our colleagues from throughout the country. Have a listen to Jon McLaughlin's Summer Is Over while you peruse this week's tweets on nonprofits, […]