Category: Federal Oversight

DAO square

DAOs and the Nonprofit Sector – How Can they Work Together?

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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Qualified Sponsorship Payments, UBIT, and Social Media – A Reminder For Nonprofits

Takeaway – Nonprofits and consumer brands continue to find new ways to promote their collaborations. Take care that messages delivered at live events, in print, and online are consistent with the IRS rules regarding qualified sponsorships to avoid triggering unintended tax consequences …

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What is the Difference between a Church and a Religious Organization?

The legal line of demarcation between a church[1] and a religious or faith-based organization is not always clear. However, the distinction is important, as churches are exempt from certain legal requirements that otherwise may broadly apply to religious organizations. Due to Constitutional …

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