Endowments and Offshore Tax Havens
In recent years, Congress has made no secret that it has concerns about the billion-dollar endowments of certain tax-exempt colleges and universities. A particularly troubling
Disqualified Person: Why It’s Such a Big Deal
When an organization applies for tax exemption under Internal Revenue Code section 501(c)(3), the IRS assumes it is a private foundation unless the group can
Behested Payments: Critics Take Aim
Behest: (first known use: 12th century England) 1. An authoritative order, command 2. An urgent prompting One imagines Sir Guy of Gisborne galloping through the
Donor Privacy Policy: Every Nonprofit Should Have One
Which documents should your organization have in that expensive, “gold-embossed,” three-ring binder you ordered back in the day when you first got started? There are
Tax Planning in a "Post Tax Cuts & Jobs Act" World
We’ve covered in great depth the effects of the Tax Cuts and Jobs Act on nonprofits, both big and small – here, here and here.
MacArthur Announces $100-Million Contest Winner
What if $100-million suddenly fell out of the sky to tackle a “critical problem affecting people, a place, or the entire planet?” The folks at
Johnson Amendment Stays … For Now
In mid-December 2017, when the GOP Congressional leadership was scrambling to get a tax-overhaul bill in final form – one that would meld the quite
Tax Legislation: What was Left Out (Nonprofits)
In Nonprofits: What’s in the New Tax Law, we reported on the items of interest to nonprofits that had made their way into the final
Nonprofits: What’s in the New Tax Law
In Nonprofits: Happy New (Tax Plan) Year! , we caught up to date with a general overview of the whirlwind tax law changes proposed, adopted,
Business Fundamentals: California Corporations
A corporation is a useful way to start a new business, because as soon as you file the business’ Articles of Incorporation, the new business
Nonprofits: Happy New (Tax Plan) Year!
In the hundred years or so since the modern federal income tax was first established in 1913, there have been several comprehensive overhauls. Congress, seeing
Grants to Foreign Organizations: New Guidance
Private foundations have different – more stringent – rules and requirements than 501(c)(3) organizations that are classified as public charities. The reason for this distinction: