The not to be underestimated ‘not-for-profit requirement’ in Australia
In a recent Tribunal decision, Deputy President McCabe has affirmed the decision of the Minister for Education and Training (Minister) to revoke the approval of Malek Fahd Islamic School Limited...
View ArticleImproper Purpose Frustrates Member’s Assertion Of A Proper Purpose
The inspection rights of members of California nonprofit mutual benefit corporations mirror those of shareholders of California corporations. Section 8333 of the Corporations Code provides that the...
View ArticleGOP Proposes Allowing Charities to Take Political Sides
While speaking at the National Prayer Breakfast on Feb. 2, President Donald J. Trump vowed to “totally destroy” the Johnson Amendment. This pledge was seconded by House Ways and Means Committee Chair...
View ArticleBenefactors Beware: Fake Charities Included in IRS List of Top Tax Scams for...
Every year, the IRS issues its “Dirty Dozen” Tax Scams list, a compilation of tactics and devices used by scam artists against taxpayers. While the threat exists year-round, the IRS promulgates the...
View ArticleIL Supreme Court Avoids Ruling on Constitutionality of Hospital Exemption
The Illinois Supreme Court has issued an opinion in Carle Foundation v. Cunningham Township, the case involving the constitutionality of the statute granting hospitals a special property tax exemption....
View ArticleIRS Warns Schools of Dangerous Email Scam
On March 28, 2017, the IRS warned schools, universities, government entities and tax exempt organizations of a dangerous email scam currently circulating nationwide and targeting employers. According...
View ArticleIllinois Supreme Court Declines to Rule on Constitutionality of Illinois...
There have been two new developments in the long running saga over a charitable property tax exemption for hospitals in Illinois....By: Hinshaw & Culbertson LLP
View ArticleSJC Issues Property Tax Ruling Regarding Religious Organization
In a noteworthy development relevant to property tax exemptions for religious organizations in the Commonwealth, the Supreme Judicial Court issued a ruling on March 22, 2017 in Shrine of Our Lady of La...
View ArticleOther North Carolina Alcohol Bills
In addition to the ABC Omnibus Legislation, and the Economic Growth for NC Distilleries / “Brunch Bill,” other alcohol-related bills being considered by the North Carolina General Assembly during the...
View ArticleDiving Into Family Philanthropy (Segment I): What are the benefits of family...
1 – Teaching your financial values to the next generation. Your financial values include your beliefs about how financial resources should be managed and utilized. We all have them, though we may not...
View ArticleMike Knapek and Steven Dimitt Provide ‘Tips for Handling a RLUIPA Lawsuit’
Attorneys Mike Knapek and Steven Dimitt represent churches and religious institutions in matters related to the Religious Land Use and Institutionalized Persons Act (RLUIPA). In a recent article...
View ArticleUpdate on the Department of Labor’s New Fiduciary Rules and Subsequent...
On April 6, 2016, the Department of Labor under the Obama administration issued a new final rule and exemptions addressing when a person providing investment advice with respect to an employee benefit...
View ArticleChanges to Bayh-Dole Act Regulations Impacting Ownership of Patent Rights
Businesses and nonprofit organizations that receive federal government funding, such as NIH, DoD or SBIR grants, are required diligently to report and elect title to inventions and patent applications...
View ArticleCorporate Law & Governance Update - April 2017
The following developments from the past month offer guidance on corporate law and governance law as they may be applied to nonprofit health care organizations: OVERSIGHT OF CORPORATE CULTURE - A...
View ArticleFor Many Nonprofits, May 15 Is Tax Filing Deadline and Marks ‘Start of the...
For nonprofit organizations, the IRS Form 990 return must be filed on or before the 15th day of the fifth month following the fiscal year-end – or May 15 for those using a Dec. 31 year-end. This...
View ArticleIRS Announces End Date for 403(b) Remedial Amendments
Many tax exempt employers sponsor Section 403(b) retirement plans to help their employees save money for retirement. A 403(b) plan offers the ability for an employee to make pre-tax contributions to...
View ArticleJimmy Chen Seminar Attendees and Clients at Risk of Being Investigated for...
This past summer, Jimmy J. Chen, accountant and promoter of private charitable foundations, was charged with six felony counts of tax evasion. From 2009 through 2011, Mr. Chen apparently used his...
View ArticleRLUIPA Round Up
The recent confirmation of Supreme Court Justice Neil Gorsuch has brought renewed attention to the often blurry line between the courts, government and individual religious liberty. Gorsuch wrote a...
View ArticleWe Need a License To . . . Be a Charity?
Wait a minute! Haven't we done everything we're supposed to do? We've clearly defined our charitable mission. We formed our non-profit corporation. We got our 501(c)(3) determination letter from the...
View ArticleBenefits of Family Philanthropy: A Real World Example
In our current series of blog posts, Diving Into Family Philanthropy, we are exploring the choices available to families that wish to engage in family philanthropy....By: Bradley Arant Boult Cummings LLP
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