This week, the IRS finalized regulations that simplify the process of private foundation grants to foreign non-governmental organizations. The regulations…
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Nonprofit Law Blog
Jolie’s Board Departure Sparks Debate on Related-Party Transactions
Just this week, it was reported that Angelina Jolie stepped down from a nonprofit board due to her disagreement with payments…
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Should University Endowments Have a Payout Requirement?
An opinion piece in yesterday’s New York Times proposed an interesting idea: subjecting larger university endowments (those in excess of $1…
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Push for Electronic Filing, Readability of 990s Picking Up Steam
An Internal Revenue Service advisory panel recently pressed the agency to require all nonprofits to file their requisite Form 990…
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Mission, Program Investing Targeted as Tool in Climate Change Arena
Last week, the White House hosted a Clean Energy Investment Summit where Vice President Joe Biden highlighted more than $4…
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Operating a 501(c)(3) Charity Requires the Right Type of Purpose
To qualify as exempt under section 501(c)(3), an organization needs to be organized and operated for qualifying purposes. These purposes…
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Social Enterprise Ideas Require the Right Foundation
For nonprofits contemplating a social enterprise, a fundamental first hurdle will be selecting the form that the enterprise will take….
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New Domain Names Available for Nonprofits
Certain nonprofits now can purchase two new web domains: .ngo and .ong. Public Interest Registry, the nonprofit that manages the…
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Supporting Organizations Face More Reporting on 2014 Form 990
This year, as supporting organizations gear up for the May 15 Form 990 filing due date, they may need to…
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Game Over? NFL Gives Up Tax-Exempt 501(c)(6) Status
The National Football League is voluntarily becoming a taxable entity, following several years of scrutiny and legislative attempts to revoke…
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