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On July 29, 2009, the IRS issued a Private Letter Ruling that allowed a public charity to take advantage of several “safe harbors” commonly available to private foundations involving advocacy by grantee organizations.
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The Senate Finance Committee is working on a bill to fund healthcare reform which includes proposed amendments that would cap the value of charitable deductions.
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The Internal Revenue Service issued final criteria for private foundations and sponsoring organizations that maintain donor advised funds to use when determining whether a potential grantee is classified as an Internal Revenue Code § 509(a)(1), (2), or (3) organization.
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The Treasury Inspector General for Tax Administration (TIGTA) has released a report entitled “A Corporate Approach Is Needed to Provide for a More Effective Tax-Exempt Fraud Program” which recommends specific changes to strengthen the effectiveness of the Internal Revenue Service (IRS) Tax Exempt/Government Entities Division’s Anti-Fraud Program.
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A Federal District Court in Indiana ruled that a school teacher agreement requiring disputes to be submitted to Christian conciliation did not constitute a substantive waiver of her federal rights under the Age Discrimination in Employment Act (ADEA) or the Americans with Disabilities Act (ADA).
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The Council of Bar and Law Societies of Europe (CCBE) recently submitted comments to the European Commission regarding the possible establishment of a European Foundation Statute that would help overcome some of the legal and tax-related obstacles that currently exist in cross-border nonprofit operations and activities.
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Clients of our firm have been reporting that they have seen an increased number of their donors sending them a “Fundraising Reduction Notice.”
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Mission, Inc.:
The Practitioners Guide to Social Enterprise,
by Kevin Lynch and Julius Walls, is a practical guide to starting and operating a social enterprise or values-based business. Allen Bromberger, a partner at Perlman & Perlman with extensive experience in this area, contributed to the portions of the book that relate to the legal structure of the enterprise.
Fiscal Management Associates, LLC
 The fiscal health and management of non-profits has long been an area of interest for regulators and funders alike. FMA and ERE, LLP teamed up to provide an in-depth report that compiles and analyzes information from 290 non-profits regarding their fiscal management practices, including staffing patterns, budgets and reporting, and communications with boards of directors. The results are informative and in some cases, surprising
StayExempt.org
 Have you visited StayExempt.org? This educational web site, developed by the Exempt Organization division of the IRS, features an on-line version of its popular workshop for small and mid-sized 501(c)(3) organizations, as well as mini-courses on various topics of interest to exempt organizations, including deductibility of contributions, applying for tax exemption, private foundation classification, raising money for disaster relief, and political activities by 501(c)(3) organizations. Want to learn more about the redesigned Form 990? StayExempt.org also features a series of mini-courses featuring various aspects of the redesigned annual return for exempt organizations. |
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EIF Mobilizes the Entertainment Industry to Promote Volunteerism
The Entertainment Industry Foundation (‘EIF”) brought together the four major broadcast networks – ABC, CBS, FOX and NBC –for an unprecedented week of television, which took place on October 19 -25, 2009 as part of EIF’s national initiative, iParticipate, to promote public service and volunteering.
EIF mobilized the entire entertainment community around the ground-breaking iParticipate campaign, which promotes a new way of thinking about service and seeks to persuade millions more Americans to volunteer regularly. As a centerpiece, the major broadcast networks and others spotlighted service through scripted programming, segments and public service announcements with inspirational messages and storylines about volunteerism. More than 100 shows signed up to participate. As result of EIF’s efforts, hundreds of thousands of potential volunteers visited the iParticipate website to find out about public service opportunities in their community. The initiative is a multi-year effort and will continue for the foreseeable future. |
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