Category: Nonprofit

CA State Assembly

California Enacts New Law to Regulate Charitable Fundraising Platforms

On October 7, 2021, California Governor Gavin Newsom signed into law Assembly Bill 488, which amends The Supervision of Trustees and Fundraisers for Charitable Purposes Act and establishes a new statutory framework to regulate online charitable fundraising platforms.  In a joint press …

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cryptocurrency small

What Nonprofits Should Be Asking About Virtual Currency Regulation and Fundraising

Takeaway – Nonprofits can avoid risk by accepting and immediately liquidating donations of cryptocurrency. If they are planning to hold onto virtual currency for the long term, nonprofits should make sure they use platforms that are properly licensed and registered, and figure …

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UBIT small

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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Woman holding two white love hearts. A woman is holding them in her hands. There is a rustic wood table underneath her hands. Valentines day or anniversary concept. Copy space.

Donor Match-Making – Legal Considerations for Matching Gift Campaigns

Matching gift campaigns are a popular fundraising strategy used by charities to incentivize public donations with donations offered by one or more “match donors.” Types of Campaigns The core of a matching gift campaign is that a “match donor” offers to make …

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Colorful People Care logo vector, Health Care logo designs template, design concept, logo, logotype element for template

Private Operating Foundations: An Option for Hands-On Philanthropists

Private operating foundations may have distinct advantages over other types of 501(c)(3) tax-exempt organizations for philanthropists who want to have more direct involvement in guiding their philanthropic program and impact.[1]  Philanthropists with access to the financial means to fund their foundation’s activities …

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Golden coin with NFT symbol isolated on black background

NFTs and Charities – What’s New and What Isn’t?

Takeaway – NFTs are gaining popularity. Charities are considering how they can take advantage of the NFT craze. In many ways, digital artwork and other digital assets are analogous to traditional artwork and physical assets. Nonprofits may need to conduct additional diligence …

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