Category: Nonprofit & Tax Exempt Organizations

faith_based_organizations

When are Religious Organizations Exempt from Charitable Registration?

While most nonprofits are required to register in many states to conduct charitable fundraising, religious organizations are generally exempt from the registration requirement.  It’s important to be aware, however, that the scope of the states’ religious exemption varies.  Therefore, religious organizations should …

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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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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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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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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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