Recently, the Philadelphia media publications The Inquirer, Daily News and Philly.com were donated to a new nonprofit media institute. While…
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Nonprofit Law Blog
IRS Clarifies New Filing Obligation for 501(c)(4) Organizations
With the enactment of the Protecting Americans from Tax Hikes (PATH) Act of 2015, organizations exempt under Section 501(c)(4) face…
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IRS Pulls Alternative Substantiation Method Proposed Regulations
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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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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