In the prior post in this series, we explored why public support matters and how failure to satisfy the IRS public support rules can result in unintended reclassification as a private foundation. Before an organization can assess whether it is meeting the applicable public support test, however, it must first understand which public support rules …
Not all public charities are alike, and not all rely on the same sources of funding. While many nonprofit leaders understand the basic requirements for qualification under Section 501(c)(3) of the Internal Revenue Code (“IRC”), fewer appreciate the ongoing obligation to maintain public charity status through compliance with the IRS public support rules. For boards, …
June is not starting out well for Walmart. At the start of the month, Walmart 1 Percent, a project of union-backed Making Change at Walmart, released a report with a title that packs a punch: “The Phony Philanthropy of the Walmart Heirs: How the Richest Family in America Uses Their Private Foundation to Mislead the …
Lawyers for the House of Representatives have concluded that the House Oversight and Government Reform Committee has legal standing to pursue contempt charges against Lois Lerner. Lerner is the former head of the exempt organizations division of the IRS. The contempt charge comes from Lerner’s refusal to testify before the Committee earlier this month. The …
