Establishing an International Charity in Bermuda
With its well-respected regulatory regime and highly regarded professional services industry, Bermuda is an ideal location for the creation of an international charitable structure. Companies and HNW...
View ArticleUpdate on UBTI SILO Rule and IRS Form 990-T Electronic Filing
For nonprofit organizations that report on a calendar-year basis, the May 17, 2021, deadline to file Form 990 and Form 990-T electronically is quickly approaching. Nonprofits should take time to review...
View ArticleFront and Center: SVO Grants through the SBA
[co-author: Laura Peterson] Originally published on December 30, 2020 and updated as of April 7, 2021. The Consolidated Appropriations Act, 2021 (the “CAA”), which provides $900 billion in new COVID-19...
View Article[Webinar] Insurance for Nonprofits: Managing Risk in Risky Times - April...
Nonprofit organizations—and their directors and staff—are not immune to claims in difficult economic times. Identifying risks and choosing the right insurance can be critical to the organization’s...
View ArticleNew York Nonprofits: Action Required for New Reporting Requirements
Effective January 1, 2021, New York nonprofits are required to make annual filings with the Department of State. These annual filings must be made in addition to the annual reports made to the...
View Article[Virtual Event] Nonprofit Sector Compliance Conference - May 25th, 8:55 am -...
Make sure you’re fully equipped to manage compliance risks in the nonprofit sector - Nonprofit organizations are exposed to a diverse universe of compliance risks, including many that are unique to the...
View Article[Audio] Great Women in Compliance - Michelle Beistle, When a Planet is Your...
As April is Earth Month, GWIC thought it would be a great time to talk to one of the people who works in E&C and also to protect our natural resources and environment. Michelle Beistle is the as...
View Article[Audio] A Break Down of the SCOTUS Oral Argument on First Amendment Right to...
Wiley’s Lee Goodman, Andrew Woodson, and Jeremy Broggi break down the U.S. Supreme Court’s April 26 oral arguments in two cases: Americans for Prosperity Foundation v. Bonta and Thomas More Law Center...
View ArticleWashington's New Nonprofit Corporation Act: Is Your Nonprofit Ready?
Governor Inslee signed into law an all-new Washington Nonprofit Corporation Act (New Act). The New Act will completely replace the current Washington Nonprofit Corporation Act, which has seen only...
View ArticleEO Update: e-News for Charities & Nonprofits - May 2021
Reminder to tax-exempt organizations: 990s, other forms due on May 17; information and tools available to help - The Internal Revenue Service today reminds tax-exempt organizations that operate on a...
View ArticleWashington State Updates Nonprofit Law Consistent With UPMIFA
Washington State Governor Inslee recently signed SB 5034 into law. The law completely replaces the current form of the Washington Nonprofit Act, which was adopted in 1967, with more modernized...
View ArticleRecent COVID-19 Developments for Tax-Exempt Organizations/Nonprofits
In response to the COVID-19 pandemic, various relief efforts have been enacted. Several of these efforts impact tax-exempt and nonprofit organizations. This update will discuss certain of these...
View ArticleNew Nonprofit Filing Requirements with NYS Department of State
As of January 1, 2021, new Subsection (9) of Section 172-b of the New York Executive Law (the “New Rule”) imposes additional reporting requirements for certain nonprofit organizations that solicit...
View ArticleNo Good Deed Should Be Punished: Harris Beach Wins Summary Judgment Under...
In Jeraci v. Cooper et al., 2021 NY Slip Op 03025 (2d Dep’t May 12, 2021), the Appellate Division, Second Department of the New York State Supreme Court affirmed the dismissal of a negligence claim...
View ArticleU.S. Department of the Treasury’s $350 Billion Coronavirus State and Local...
Earlier this month, the U.S. Department of the Treasury (Treasury) launched the $350 billion Coronavirus State and Local Fiscal Recovery Funds (Fiscal Recovery Funds) program. The program, which is...
View ArticleDoes the IRS’ First Time Abatement Rule Apply to Tax-Exempt Organizations?
The Section 6652(c) Penalty. Section 6033(a)(1) of the Internal Revenue Code (the “Code”) generally requires “every organization exempt from taxation under section 501(a) . . . [to] file an annual...
View ArticleLeveraging Institutional Capital Assets to Meet the Moment
Hoping to alleviate the immense damage to vulnerable communities inflicted by COVID-19 and racial inequities that have drawn the spotlight over the past year, foundations and other charitable...
View ArticleAccelerating Charitable Efforts Act Introduced
Senators Chuck Grassley (R-IA) and Angus King (I-ME) introduced the Accelerating Charitable Efforts Act (ACE Act) on June 9. A joint press release states that the purpose of the ACE Act is to reform...
View ArticleSenate Bill Proposes Dramatic Changes for Donor Advised Funds and Private...
On June 9, 2021, United States Senators Angus King (Ind.-MA) and Charles Grassley (R-IA) announced plans to introduce the “Accelerating Charitable Efforts Act” or the “ACE Act” (the “Act”) which, if...
View ArticleEO Update: e-News for Charities & Nonprofits - June 2021
Update on Mandatory Electronic Filing for Form 4720 by Private Foundations - Section 3101 of the Taxpayer First Act requires certain exempt organizations to file information and tax returns...
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