This month marks my 20-year anniversary of passing the bar and becoming an attorney, and sometimes I think I’ve heard it all when it comes to nonprofit law. Thank goodness for the Council’s community foundation members, who continually challenge me with unique and interesting questions, and give me the opportunity to crack open the Code books and learn something new on a daily basis.
Tax practitioners love “safe harbors” or specific guidelines that can be followed to ensure a taxpayer or exempt organization is in compliance with applicable tax law. For charitable organizations making grants internationally, September 14, 2017 was a good day because the IRS issued Revenue Procedure 2017-53 updating previous guidance on foreign public charity equivalency determinations (“EDs”) and giving us several preferred practices related to the preparation and issuance of EDs.
This webinar focuses on private foundations and the issues of self-dealing.
Community foundations can better meet the needs of local students while attracting more donors. Explore one community foundation’s experience in redesigning its scholarship program, as well as insightful findings from a recent report by National College Access Network. The Council's legal counsel will also address legal considerations involved with program changes.
Do you know what happens when the U.S. sanctions U.S. charities?
It’s officially tax season when the IRS releases its Dirty Dozen List of Tax Scams.
An up to date overview of Basic Rights and Rules for Foundations working with Non-US Citizens, given early 2017 Executive Orders by the Trump administration
In this week’s edition of Trending in Legal Affairs, the legal team explains foundation events, elections, and political campaign activity.
In this week’s edition of Trending in Legal Affairs, the legal team explains expenditure responsibility.
Here’s a story—a hypothetical one—what if Mike and Carol Brady established a foundation for their philanthropic giving? As of late, Legal Affairs has seen an increase in inquiries both relating to and from family foundations. As such, we thought it would be ‘groovy’ to highlight some frequently asked questions, while paying homage to our favorite 70s TV family.