Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “Tens of billions of dollars in deposits have flowed into the coffers of giant banks such as JPMorgan Chase and Bank of America following the panic surrounding the March 10 failure of Silicon Valley Bank, industry executives said. Consumers and businesses spooked by the abrupt collapse of a bank with more than $200 billion in assets are fleeing to the perceived safety of the mammoth institutions that sparked populist outrage with their risky behav ..read more

This week, I’ll be presenting to the New York City Bar Association Nonprofit Organizations Committee on engaging Millennials and Gen Z. This opportunity was prompted by my earlier post – Nonprofits: Engaging Millennials and Gen Z. I have not previously used ChatGPT, an artificial intelligence (AI) chatbot generating a lot of attention and controversy these days, but have been curious about how it might respond to some of the issues we write about. I found it interesting that soliciting one response provided a list of 5-6 points that might not include some of those you considered most important ..read more

Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “Bank Fears Go Global, Sending a Shudder Through Markets Stomach-churning volatility in stocks, bonds and other assets on Wednesday reflected renewed worries about the state of the economy and the risks lurking in the financial system.” NY Times “Eleven of the nation’s largest banks announced Thursday that they would deposit a total of $30 billion into First Republic Bank, as Wall Street and U.S. officials staged an emergency intervention aimed at ..read more

This post follows up on our previously published post Nonprofit Law 101 for Journalists and is intended to provide additional information to journalists and news organizations about federal tax laws applicable to 501(c)(3) organizations and common state corporate and charitable trust laws applicable to charitable nonprofits. The brief answers to the following questions are simplified to facilitate general understanding and may not include discussion of all the nuances and exceptions. Federal Tax Law Who must a 501(c)(3) organization serve? A 501(c)(3) organization must serve a charitable class ..read more

Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “President Biden on Thursday proposed a $6.8 trillion budget that sought to increase spending on the military and a wide range of new social programs while also reducing future budget deficits, defying Republican calls to scale back government and reasserting his economic vision before an expected re-election campaign.” NY Times “The second-largest bank failure in U.S. history rocked the tech industry and sent ripples of anxiety throughout the fin ..read more

By Erin Bradrick and Josh Sattely Fiscal sponsorship is a growing part of the nonprofit sector and, when done properly, is an important and impactful tool for furthering public benefitting work and activities. However, because fiscal sponsorship is not a relationship that is explicitly defined anywhere in the law or Internal Revenue Code and is instead most often defined in a written contract, we see fiscal sponsors using a wide range of words and phrases to refer to what are essentially the same things. For example, comprehensive (or Model A) fiscal sponsors might refer to the projects they s ..read more

Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S. Arriving in record numbers, they’re ending up in dangerous jobs that violate child labor laws — including in factories that make products for well-known brands like Cheetos and Fruit of the Loom.” NY Times “Eli Lilly said it is slashing the prices of commonly prescribed insulin drugs by 70 percent while capping related out-of-pocket costs at $35 a month, a move meant to help a ..read more

Northern California Planned Giving Council (NCPGC) is holding its 30th Annual Planned Giving Conference on April 24, 2023 at the Westin St. Francis in San Francisco. Qualified applicants can submit a scholarship application (available here) by March 5 for the chance to attend and get a 12-month mentorship with a current NCPGC member for free! Eligibility Requirements Applicants should work within organizations that: •    Have begun or are considering developing a planned giving program in their organization. •    Have the support of the Board of Dir ..read more

Here are some of the highlights from 2 of the subcommittee meetings at the ABA Exempt Organizations Committee meeting held in San Diego on February 10, 2023 as part of the ABA 2023 Midyear Tax Meeting. Private Foundations & Unrelated Business Income Taxes & International Philanthropy International: See Treasury Implements Historic Humanitarian Sanctions Exceptions “The general licenses released today reflect the United States’ commitment to ensuring that humanitarian assistance and related trade continues to reach at-risk populations through legitimate and transparent channels, whil ..read more

501(c)(4) is the second most common basis of tax-exemption after 501(c)(3). 501(c)(4) social welfare organizations include several well-known advocacy organizations including the Sierra Club, the ACLU, Planned Parenthood, the NRA, and AARP. However, the majority of 501(c)(4) organizations – an estimated 85 percent – do not engage in  issue advocacy, lobbying, support for candidates and ballot initiatives, and partisan voter registration, education, and mobilization. See Nonprofit Political Engagement: The Roles of 501(c)(4) Social Welfare Organizations in Elections and Policymaking. To qu ..read more