Nonprofits have legal issues like any other businesses. And they also have matters unique to nonprofit, tax-exempt organizations – like state reporting obligations, IRS reports, fiduciary duties, ...
Benefits of a Family Foundation
A family foundation is a type of 501(c)(3) tax-exempt nonprofit organization that allows its founders to set up a formalized charitable grantmaking enterprise funded by one individual or a few family ...
How to make your donation count on #GivingTuesday and beyond
#GivingTuesday is a global day of giving. Celebrated on the Tuesday following Thanksgiving and the shopping events Black Friday and Cyber Monday, #GivingTuesday kicks off the charitable ...
5 Items to Include in Donor Acknowledgment Letters – What to include for tax purposes?
What are donor acknowledgment letters? Donor acknowledgment letters are more than just a "thank you" letter. Most tax-exempt organizations have certain requirements to follow -- including providing ...
Year-End Giving – How Do Charitable Donations Affect My Taxes?
How do charitable donations affect my taxes? After researching a charitable organization and deciding where to give your money, you should also consider how the charitable donation will affect your ...
Nonprofit Law Basics: What is the Difference Between a Public Charity & a Private Foundation?
The terms of nonprofit entities can be confusing ... public charity ... private foundation ... corporate foundations … private operating foundations … public charities that act as ...
Year-end giving – How to make your donation count
Year-End Giving - How to make your donation count The end of the calendar year is a popular time for donors to make charitable contributions. But before sending a donation to a nonprofit ...
Year-End Giving – Can I Deduct the Value of My Volunteer Service?
Can I deduct the value of my volunteer service to a nonprofit? The IRS will not allow individuals to deduct the monetary value of their volunteer service to a nonprofit on their individual income tax ...
Rules of the Game: Professional Athlete’s Foundations
With high levels of scrutiny in top athlete's foundations, charities must be structured and managed correctly. I am a huge believer in giving back and helping out in the community and the world...I ...
Mollie Cullinane interviewed on NPR: Morning Edition about New Philanthropy + Use of LLC
An LLC? It Gives Facebook Founder More Freedom To Meet Philanthropic Goals. Story by Chris Arnold. Morning Edition: NPR 12/3/2015 Mollie Cullinane was interviewed on National Public Radio's Morning ...