[Webinar] Pushing for Diversity in Philanthropy - September 23rd, 3:30 pm -...
A pressing question for many philanthropists is: how far can their push for diversity in grantmaking efforts go, without hindering their tax-exempt status? Grant recipients, alike, must comply with...
View ArticleLegal Counsel’s Two Cents on Community Association Budget Considerations
It is that time of year. Summer vacations are in the books, schools are in session, and pumpkin spice lattes are back on tap. These signs of Fall also mean many Virginia community associations are in...
View ArticleRegulatory Changes Impact Leasehold Condominiums in New York
The leasehold condominium structure has become a popular way for landlords and nonprofit entities to establish or modify their relationship to permit space that the nonprofit would formerly lease to...
View ArticleRecommendations for Nonprofits After the Minnesota Attorney General...
A nonprofit recently settled with the Minnesota Attorney General due to conflicts of interest and allegations of self-dealing. While it may be easy to dismiss the settlement as an example of a sham...
View ArticleA Lasting Commitment: Targeted Educational Support for Underserved Children
{authors: Ryan McCormick, Michaela Marconi, Teagan Strynchuk and Tim Luangkhot] FTI Consulting’s professionals recently partnered with Access Academies — a St. Louis area non-profit that supports...
View ArticleEO Update: e-News for Charities & Nonprofits - September 2021
Updated Procedures Related to Direct Contact in the Determination Process - On August 17, 2021, Exempt Organizations Rulings & Agreements (EO R&A) office issued Interim Guidance (IG) memorandum...
View ArticleWhy a Charitable Lead Trust is an Attractive Gift Vehicle
A charitable lead trust (CLT) is a vehicle in which a donor funds a trust that makes fixed payments to charity over a specified period of time. The designated charity receives the benefits in the...
View ArticleHistoric tax-exempt PACE financing for 501(c)(3) recovery center
The Columbus Regional Energy Special Improvement District closed the State of Ohio’s first tax-exempt 501(c)(3) PACE financing on August 24, 2021. A first-of-its-kind financing, PACE special...
View ArticleReligious Institutions Update: October 2021
Morals Clause Ruled Not Within Title VII Religious Exemptions Title VII of the Civil Rights Act of 1964 makes it unlawful "to fail or refuse to hire or to discharge any individual, or otherwise to...
View ArticleEO Update: e-News for Charities & Nonprofits - October 2021
International Charity Fraud Awareness Week October 18-22 The IRS will again be participating in the annual International Charity Fraud Awareness Week (ICFAW) Oct. 18-22, 2021 to raise awareness and...
View Article[Webinar] Investigations, Audits, Subpoenas, Oh My! - October 28th, 4:00 pm -...
Nonprofit entities can be just as prone to misconduct (theft, embezzlement, accounting snafus, executives’ HR violations) as corporations. While there is no foolproof formula to avoid internal crises...
View ArticleThe Ontario Not-for-Profit Corporations Act is in force: practical steps for...
1. The Ontario Not-for-Profit Corporations Act - “Better late than never” may be the most appropriate saying to describe the Ontario Not-for-Profit Corporations Act (the ONCA or the Act), proclaimed on...
View ArticleNon-Profit Hospital Ordered to Pay Property Taxes: A Shot Across the Bow
A recent trial court decision could have significant, long-term consequences for the financial models of Pennsylvania non-profit healthcare providers. Ruling that three non-profit Chester County...
View ArticleDear Nonprofits – The IRS is Making Use of an LLC Easier
For nonprofits and the lawyers who love them, 2020 and 2021 have been full of frustrating interactions with the IRS. Getting the IRS to acknowledge and respond to basic communications has seemed more...
View ArticleProskauer’s 26th Annual Trick or Treat Seminar
Proskauer’s 26th Annual Trick or Treat Seminar was held virtually on Friday, October 29th and discussed timely topics and best practices specifically tailored to the not-for-profit community....By:...
View Article403(b) Plan Update: IRS Publishes Two Issue Snapshots
The IRS Tax Exempt and Government Entities (TE/GE) Division has oversight responsibilities for employee plans, including retirement plans, IRAs, and related trusts. TE/GE has a Knowledge Management...
View ArticleAfghanistan: OFSI issues updated charity sector guidance on additional...
On 1 November 2021, the Office of Financial Sanctions Implementation (OFSI) published an updated charity sector guidance regarding the UK’s humanitarian activity following Afghanistan’s Taliban...
View ArticleIRS Issues (and Seeks Comments on) Standards for Qualifying an LLC as a...
Traditionally, an entity applying for tax exempt status under Code Section 501(c)(3) will be a corporation. With the rise in popularity of the LLC over the last 25 years, it’s a wonder that LLCs are...
View ArticleNew York AG Launches Easy-to-Use Online Filing Portal for State Charities
New York Attorney General Letitia James has announced the launch of an easy-to-use online filing portal for charities to file required state annual financial disclosures. The new system will use...
View ArticleAn Athlete's Guide to Philanthropy, Nonprofit Organizations, and Community...
A fundamental principle of sports competition is bringing your best self to the playing field. That principle applies equally to life outside of sports, and although Charles Barkley famously declared...
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