It is not uncommon for a nonprofit to create affiliate organizations in order to expand its reach into new areas, protect critical assets, or engage in activities that may otherwise jeopardize [...]
The IRS recently issued Notice 2020-36 that proposes new requirements to qualify for group tax exemptions under Section 501(c) that would supersede Rev. Proc. 80-27. The proposed guidance does [...]
One of the most important assets for a nonprofit organization is an engaged board of directors. However, boards that do not have a clear understanding of their legal duties when it comes to their [...]
Guidance for Nonprofits on Managing Donor-Restricted Endowment Funds During the COVID-19 Pandemic
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In these uncertain times, nonprofits with donor-restricted endowment funds could see a substantial impact on the power of those funds. Below are some tips for managing endowment funds during the [...]
On September 22, 2020, the U.S. Department of Labor (DOL) released a proposed rule that establishes new standards for employers in determining whether a worker is an employee or independent [...]
The California Office of the Attorney General recently released its Charity Governance During the COVID-19 Pandemic guidance for nonprofits on how these organizations can fulfill some of their [...]
For most of 2020, everyday life has changed dramatically for almost every American due to the COVID-19 pandemic. However, for nonprofits and their boards, the necessity of continuing to comply [...]
On May 26, 2020, the IRS released final regulations on donor disclosure requirements that exempt many nonprofits — except 501(c)(3) nonprofits and 527 political organizations — from [...]
The Federal Reserve recently expanded its Main Street Lending Program to nonprofit organizations as relief during the COVID-19 pandemic. The Federal Reserve created two new nonprofit loan options [...]
The Paycheck Protection Program Loan Flexibility Act of 2020, signed into law on June 5, 2020, amends the Paycheck Protection Program (PPP) to give borrowers more freedom in how and [...]