Amid a furor over privacy concerns, the IRS has pulled its proposed regulations under Section 170(f)(8)(D) that provided an alternative…
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Nonprofit Law Blog
IRS Issues Final Regulations on Payout Amount for Certain Supporting Organizations
The IRS has issued final regulations addressing payout amounts for Type III non-functionally integrated supporting organizations. These regulations close the loop…
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Congress Gives the Gift of Permanent Charitable Tax Incentives
Last week, Congress extended certain provisions related to charitable giving on a permanent basis, ending in part the piecemeal year-by-year…
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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 MORE Facebook 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…
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IRS 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 MORE IRS 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 MORE IRS 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…
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IRS 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…
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Jolie’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…
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