Nonprofit Law Blog
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The NEO Law Group believes that healthy nonprofits are more effective at creating positive change. We help create and maintain legally compliant nonprofits that have strong foundations on which to build great programs. And we provide practical and affordable counsel, giving leaders reassurance and confidence to best further their valuable missions.
Nonprofit Law Blog
5d ago
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week.
Notable Nonprofit Posts, Articles, & Other Resources:
What happens when an AG dares to investigate Leonard Leo’s network (Heidi Przybla, Politico) [Ed. I have a quoted belief on the matter here.]
Cross-Sector Initiatives Should Start Small (Vanessa Laird, Kathy Quick & J. Myles Shaver, Stanford Social Innovation Review)
How Much of Foundations’ Money Is in Impact Investments? Just 5% Is Common, Says Report (Michael Kavate, Inside Philanthropy)
Health-Care Access Ma ..read more
Nonprofit Law Blog
5d ago
A donor advised fund (“DAF”) is generally defined in Section 4966(d)(2)(A) of the Internal Revenue Code as a fund or account
that is separately identified by reference to contributions of a donor or donors,
that is owned and controlled by a sponsoring organization, and
with respect to which a donor (or any person appointed or designated by the donor, namely, a donor-advisor) has, or reasonably expects to have, advisory privileges with respect to the distribution or investment of amounts held in the fund or account by reason of the donor’s status as a donor.
On November 13, 2023, the Internal ..read more
Nonprofit Law Blog
1w ago
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week.
Notable Nonprofit Posts, Articles, & Other Resources:
The Connection (AFJ Bolder Advocacy) [Ed. The 5th edition of this incredibly valuable resource was recdently published, providing guidance to nonprofit advocates seeking to maximize their impact by creating and operating 501(c)(3)s, 501(c)(4)s, and political organizations.]
Hackney: Keep Charitable Oversight In The IRS (Philip Hackney, Working Paper No. 2024-05, 15 Colum. J. Tax L. (forthcoming 2024))
Proposed DAF R ..read more
Nonprofit Law Blog
2w ago
I recently spoke with Tony Martignetti, host of Nonprofit Radio, about election year issues for charities in 2024. You can join the 13,000 weekly listeners and catch the Nonprofit Radio podcast here.
Tony and I have previously spoken about election year advocacy for charities. It’s important at the outset to note that this post focuses on the laws for public charities and not for private foundations, which have more detailed and strict rules to follow.
Advocacy is a critical part of every charity’s work. Charities advocate in furtherance of their mission to donors, funders, and the genera ..read more
Nonprofit Law Blog
2w ago
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week.
Notable Nonprofit Posts, Articles, & Other Resources:
Running the Advocacy Race: Bolder Advocacy’s Top Resources for an Impactful 2024 Election Season (Natalie Roetzel Ossenfort, Alliance for Justice)
The California Endowment Will Plow Its Entire $4 Billion Into Mission Investments (Alicia McElhaney, Institutinoal Investor)
10 Legal Issues for Nonprofit and Association Leadership in 2024 (ArentFox Schiff, JD Supra
Building Community Governance for AI (Lina Srivastava ..read more
Nonprofit Law Blog
2w ago
The IRS Tax Exempt & Government Entities Division (TE/GE) recently published its FY 2023 Accomplishments Letter. One segment of customers covered by TE/GE is Exempt Organizations (EO), which includes charities, private foundations, business leagues, labor unions, and veterans’ organizations. The other two segments of customers are Employee Plans and Government Entities. The Accomplishments Letter covers the IRS fiscal year ending September 30, 2023.
TE/GE Snapshot
Employs 29% of the American workforce
Controls nearly $53 trillion in assets
Accounts for about 26% o ..read more
Nonprofit Law Blog
3w ago
The following are just some of the many highlights from the 2024 Western Conference on Tax Exempt Organizations (WCTEO). Because of a change in the timing of the WCTEO from late fall to late winter, there was no conference in 2023, but that gave us a few more months of developments and events to discuss.
The Latest from Washington
Donor advised fund (DAF) proposed regulations
There will be a public hearing on May 6 at 10 am EST in DC
The proposed regulations provide that the effective date may be retroactive, but this appears unlikely based on signals from the federal government re ..read more
Nonprofit Law Blog
3w ago
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week.
Notable Nonprofit Posts, Articles, & Other Resources:
They Could Decide the 2024 Election. If They Vote. (Marcela Valdes, NY Times)
Supreme Court offers possible road map for schools to diversify top programs (Laura Meckler and Karina Elwood, Washington Post)
The Verdict Against Former NRA Leader Wayne LaPierre Explained (Sarah Webber and Elizabeth Schmidt, Chronicle of Philanthropy)
The IRS May Have Investigated the NRA, Document Suggests. What Happened? (Will Van San ..read more
Nonprofit Law Blog
1M ago
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week.
Notable Nonprofit Posts, Articles, & Other Resources:
Day of Remembrance (Fred T. Korematsu Institute) [Ed. Statement from President Biden: “On this day in 1942, President Franklin D. Roosevelt signed Executive Order 9066, which led to the forcible incarceration of over 120,000 Americans of Japanese descent – half of whom were children. It was shameful. Families were separated. Communities were torn apart. People were stripped of their dignity. And the unconstitutional ..read more
Nonprofit Law Blog
1M ago
The 2024 National Study on Donor Advised Funds was published last week by the DAF Research Collaborative. Donor advised funds (DAFs) represent a very substantial and controversial part of the charitable nonprofit sector. On one hand, they are characterized as the fastest growing segment of the sector, attracting more dollars for charities. On the other hand, they are viewed as a means for donors to warehouse their wealth while still getting deductions for contributions they arguably still practically control.
The 2024 National Study on Donor Advised Funds includes information about DAFs from ..read more