Do you serve on a non-profit board? Or do you count non-profits among your clients? Charitable non-profits operate in a world of laws applicable only to them. The attorneys of the The Law Firm for Non-Profits will teach you how to spot potential legal pitfalls of non-profits before they erupt into disruptive legal problems or …
Posts Categorized: Donations
The Devil is in the Details
How carefully do you follow IRS rules when making a charitable donation? We’ve posted before about the importance of charities providing adequate acknowledgments to donors, but the duty isn’t just one-sided. If you are making a charitable donation, it is just as important for you to follow the rules. Wondering how bad it could be …
Will Pease Disturb the Peace?
Nonprofit leaders throughout the country are holding their collective breath waiting for the answer. A few months ago, we told you about the charitable deduction limitation scare caused by Obama’s budget plan. The panic resided when Obama clarified that the charitable deduction was not being targeted for reduction. But the so-called “Pease” limitation is now …
Should We Executive This Donor Agreement?
Nonprofits and donors alike need to be careful when considering a new contribution. Large donations often come with lots of promises made by both sides. Recently, heirs of a late philanthropist have been trying to stop UCLA from selling a Japanese garden bought with donated funds, which costs the university $140,000 per year to maintain. …
Clawbacks Lose Ground
Does your organization conduct thorough due diligence before accepting donations? If not (and you’re not alone), your nonprofit may find itself having to repay donations later determined to have been made from funds associated with illegal activities. But Minnesota Gov. Mark Dayton is trying to change that. He recently signed legislation that will help shield …
Pro Bono Services Versus Dollars?
This is a choice Jean Case, CEO of the Case Foundation, seems to have decided for all nonprofits. Her answer? Pro bono labor. Sen. Mark Warner (D-Va.) agrees. He was recently quoted in Business Week stating that only with pro bono technical assistance can nonprofit organizations build capacity. These two extraordinarily wealthy and influential voices …