Last November, a group of crypto investors decided to try to buy an original copy of the U.S. Constitution which was coming up for auction at Sotheby’s on November 18, 2021.[1] But first, they had to solve a problem – the document, …
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Today, more and more nonprofits rely on third-party vendors for technology solutions to provide a range of services and operational support, including donor outreach and management, web platforms, payment processing solutions, and data storage. This past May, Blackbaud, a prominent service technology …
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BLUF – Nonprofits should review the language of their business interruption insurance policies and provide notice to their insurance company of any potential claim due to property affected by COVID-19. Generally, business interruption insurance protects an organization against lost income due to …
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With the rapid spread of the new coronavirus (COVID-19), life has been disrupted in a variety of ways. Conferences and events have been canceled around the world while international travel has been cut back by many organizations. What should you do if …
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Nonprofit board members face special challenges when a corporate entity is designated the sole member of nonprofit. As evident in recent legislation enacted in New York State at the end of 2018 that prohibited individuals from being the sole members of New York …
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In his novel Anna Karenina, Tolstoy declares “Happy families are all alike; every unhappy family is unhappy in its own way.” This famous opening line suggests that there are common elements for a successful family; on the flip side, there are countless …
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Essential Documents Having founded and run several startups, I understand the challenge of focusing on the mundane details related to corporate formation and governance. But as an attorney, I can’t understate the importance of insuring that these foundational documents are tailored to …
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Many nonprofit organizations host signature events that are fundamentally important for the organization’s mission. For some nonprofits, an annual fundraising gala provides the bulk of the nonprofits’ funding for the coming year. For others, conferences may provide essential opportunities to further their …
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This quarter, the IRS released the latest in a series of tax-exemption denials based on the presence of too much commercial activity by a charity applying for 501(c)(3) status. However, unlike other rulings regarding “commercial charities,” which have generally denied or revoked …
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Yoga Instructors May Be Independent Contractors On October 25, 2016, in the Matter of Yoga Vida NYC, a decision sure to have rippling effects through many industries, the New York State Court of Appeals–the highest court in New York State — ruled …
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