The Internal Revenue Service (IRS) recently issued Notice 2021-56, which better defines the standards for limited liability companies (LLCs) to obtain 501(c)(3) status. The IRS last issued [...]
An endowment is a type of investment mechanism that many nonprofit organizations utilize to manage their assets for the future. Professional financial advisory firms typically handle endowments [...]
The U.S. Supreme Court has agreed to hear arguments this spring in the case of a former Seattle-area football coach who lost his job after he refused to stop praying on the high school football [...]
On December 17, 2021, a California appellate court issued its opinion in Woods v. American Film Institute. This case affirmed the legal principle that volunteers who expected no compensation do [...]