Gifts of Privately Held Company Interests to a 501(c)(3) Public Charity
Donors with ownership interests in privately held companies (i.e., limited liability companies, corporations, partnerships) have the ability to utilize the interest to make a charitable gift. This...
View Article[Audio] Independent Audits of Nonprofit Organizations With Douglas Cook
Welcome to EO Radio Show – Your Nonprofit Legal Resource. Many nonprofit organizations are required to have their financial statements audited by an independent certified public accountant. For...
View Article[Audio] Nonprofit Quick Tip: State Filings in Alaska and Hawaii
Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and this is the fourth in a series of quick tip episodes focusing on the details of state registration of nonprofit...
View ArticleCongress to Examine Political Activities of Nonprofits
The US Congress has announced it will be conducting hearings on whether tax-exempt entities are abiding by existing laws that regulate the amount of partisan activity they may engage in — and whether...
View Article2023 Comprehensive Revisions to the Georgia Nonprofit Corporation Code Are...
On May 2, 2023, Governor Brian Kemp signed Senate Bill 148 into law, making a number of significant changes to the Georgia Nonprofit Corporation Code. These changes went into effect on July 1, 2023....
View Article[Audio] Artificial Intelligence: What Nonprofits Need to Know
Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and I'm happy to have my Farella colleague Nate Garhart back for a chat about artificial intelligence and what nonprofits...
View ArticleCalifornia Supreme Court Sets Precedent – Unlike For-Profit Corporate...
The California Supreme Court sets new precedent that unlike for-profit corporations, a former non-profit director may maintain a derivative lawsuit. The decision increases the likelihood that...
View ArticleA Different Kind of IPO: Going “Public” with Your Private Foundation
Many philanthropically minded clients have established their own private foundations to support charitable causes they believe in now, and to serve as a vehicle for giving for future generations of...
View ArticleSixth Circuit Does Not Permit Third-Party Releases in Equity Receiverships
The Sixth Circuit’s recent decision in Digital Media Solutions v. South Univ. of Ohio, 59 F.4th 772 (6th Cir. 2023) provides a cautionary tale about the limitations of federal equity receiverships as a...
View ArticleCalifornia Supreme Court Rules on Unfair Competition Law
The decision provides organizational plaintiffs, including nonprofits and trade associations, with a basis to establish standing to bring UCL claims. In July 2023 the California Supreme Court expanded...
View ArticleVenture Capital Fund Sued on Allegations of Discrimination in Grantmaking
Following the Supreme Court’s recent decision in Students for Fair Admissions, Inc. v. President and Fellows of Harvard College regarding the consideration of race in undergraduate admissions, a new...
View Article[Audio] Nonprofit Basics: How To Wind up a California Charity
Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and episode 49 of EO Radio Show summarizes the steps to wind up a charity that is a nonprofit corporation registered and...
View Article[Audio] Nonprofit Quick Tip: Registration in New York and New Jersey
Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and this is the fifth in a series of quick tip episodes focusing on the details of state registration of nonprofit...
View ArticleSenate Finance Committee Requests Public Comments on Digital Asset Taxation
On July 11, 2023, the Senate Finance Committee released an open letter to the Digital Asset Community asking a variety of questions in connection with possible future legislation. Public comments must...
View Article[Audio] Real Estate Leasing Tips for Nonprofits
Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and today, we are lucky to have Farella real estate partner Quinn Arntsen with us to talk about leasing issues for...
View Article[Event] An Entertaining Look at International Philanthropy in the Netflix...
Join us for a fun look at clips from the Netflix movie Holiday in the Wild, and an engaging conversation about cross border philanthropy and its immense importance to a global ecosystem of positive...
View Article[Audio] Nonprofit Tenants and Lease Agreements: Best Practices and Pitfalls...
Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and today, we are again lucky to have Farella real estate partner Quinn Arntsen with us to talk about leasing issues for...
View Article2023 Key Developments Impacting Nonprofits and Donors
The tax-exempt sector employs 29% of the American workforce and controls nearly $53 trillion in assets according to IRS statistics. Tax-exempt organizations also account for about 26% of the $1.5...
View ArticleNIL Collectives Strike Out on Tax-Exempt Status
In recent guidance, the IRS blew the whistle on claims of tax-exempt status by organizations formed to provide opportunities for student athletes to monetize their “name, image and likeness”...
View Article"Yes in God's Back Yard" Legislation Is the Next Tool to Battle the Housing...
SB 4, the Affordable Housing on Faith Lands Act (also known as "Yes in God's Back Yard" (YIGBY)), promises to be one of the momentous housing bills of 2023. Sponsored by Senator Scott Weiner and...
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