Do you know what happens when the U.S. sanctions U.S. charities? If you answered no, you wouldn’t be alone. It can lead to funds being frozen indefinitely, despite tax rules requiring that they be distributed for charitable purposes when a charity shuts down.
Cherie L. Evans of Evans & Rosen LLP and Kay Guinane of the Charity & Security Network have written a great explanation of what we know (and what we don’t) when charitable dollars are caught in sanctions. Thanks to the Charity & Security Network for making it available free of charge!