Nonprofit Law Blog
Information to empower and protect California nonprofit organizations.
Author: Gene Takagi is an exempt organizations attorney based in San Francisco. He currently serves on the boards of Net Impact, an international organization of more than 10,000 MBAs and professionals using the power of business to improve the world, and Japanese Community Youth Council, a local charity serving more than 5,000 young people annually.
Blawg Related Categories: Corporate Law • States • California • Solo / Small Firm • Business Law • Legal Information
Recent Posts from Nonprofit Law Blog
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Dissolution - Part Two (California)
The California Attorney General's Publication CT--603 (12/06) - "General Guide for Dissolving A California Nonprofit Corporation" - outlines the basic process required by a California nonprofit corporation after its board of directors or its membership…
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Dissolution
The well-known saying, "Honesty is the best policy," rings especially true for nonprofit organizations and the topic of dissolution. Although a tough decision and perhaps one that many will want to avoid, it is important…
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Mergers and Due Diligence
While the idea of a merger can seem like a promising avenue for increased efficiency, increased fundraising, and the like, merging is a multi-step process with important legal implications. As Jerald A. Jacobs explains in…
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IRS Releases Notice on Charitable Contributions of Inventory
On October 3, 2008, the IRS released Notice 2008-90, announcing that the IRS and the Treasury Department are studying the computation of the deductible amount and adjustment to cost of goods sold for charitable contributions…
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33 Pastors Violate Ban on Electioneering
UPDATE: On September 28, 2008, 33 pastors from across the country endorsed candidates for political office, an activity which violates Section 501(c)(3) of the Internal Revenue Code and jeopardizes the tax-exempt status of their respective…
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Senate Passes Tax Bill Extending Charitable Giving Incentives
On September 23, 20008, the Senate passed a tax bill which would extend the charitable IRA rollover and several others charitable giving incentives that terminated on December 31, 2007. The charitable giving provisions are just…
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Donor Advised Funds - An Uncertain Future
Donor advised funds enable people to claim a charitable tax deduction on donated cash, stock, and other assets to these special accounts offered primarily by financial companies and community foundations while also allowing them to…
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IRS Eliminates Advance Rulings Process
On September 8, 2008, the IRS issued new regulations that eliminate the public charity advance ruling process. IR-2008-102, "IRS Streamlines Application Process for New Tax-Exempt Organizations," stated in part: The Internal Revenue Service and the…
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Foundations Supporting Advocacy
Private foundations are subject to strong prohibitions on “direct” and “grassroots” lobbying, generally meaning any direct contact with a member of a legislative body regarding specific legislation and encouragement by the foundation to have individuals…
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Microphilanthropy
Microphilanthropy is a term that is being used more and more frequently. As one of the "top ten philanthropy buzzwords of 2007", perhaps more attention needs to be paid to this emerging practice. The concept…