Last week, Congress extended certain provisions related to charitable giving on a permanent basis, ending in part the piecemeal year-by-year…
READ MORENonprofit Law Blog
Tis The Season For Contemporaneous Written Acknowledgements
The IRS issued an unusual email clarification this week in order to reassure charitable organizations that they are not required…
READ MOREFacebook Piloting New Fundraising Features
Facebook recently announced a new pilot program that will allow users to make—and charitable organizations to accept—donations via the Facebook…
READ MOREIRS Provides Key Investment Piece: Guidance on Mission-Related Investments
In a long-awaited clarification for private foundations, the IRS recently issued Notice 2015-62 regarding the application of Section 4944’s prohibition on…
READ MOREIRS Examines Deductibility of Marketing-Minded Business Donations
More and more, businesses are announcing that they will give a certain percentage of sales or other proceeds to nonprofits…
READ MOREIRS Clarifies Donee Reporting Option for Deductible Contributions
The IRS has issued proposed regulations that would implement the statutory exception to the “contemporaneous written acknowledgement” requirement for substantiating charitable…
READ MOREIRS Finalizes Regulations on Foreign Grant-making by Private Foundations
This week, the IRS finalized regulations that simplify the process of private foundation grants to foreign non-governmental organizations. The regulations…
READ MOREJolie’s Board Departure Sparks Debate on Related-Party Transactions
Just this week, it was reported that Angelina Jolie stepped down from a nonprofit board due to her disagreement with payments…
READ MOREShould University Endowments Have a Payout Requirement?
An opinion piece in yesterday’s New York Times proposed an interesting idea: subjecting larger university endowments (those in excess of $1…
READ MOREPush for Electronic Filing, Readability of 990s Picking Up Steam
An Internal Revenue Service advisory panel recently pressed the agency to require all nonprofits to file their requisite Form 990…
READ MORE