There is growing support to repeal a provision in the 2017 Tax Reform Law that applies a 21% tax on the value of fringe benefits provided by charities to their employees (for example, free parking) is growing. Along with it is optimism that this will be reversed.Read More
Fundraising & Nonprofit Report
The Fundraising & Nonprofit Report is published monthly. We give you up-to-date information about the most pressing legal issues related to fundraising and nonprofit organizations.
The IRS has announced that tax-exempt organizations filing an IRS Form 990 or Form 990EZ tax return, other than 501(c)(3) charitable organizations, will no longer be required to file a Schedule B listing their significant donors.Read More
Grand Canyon University has grown by leaps and bounds. It is in the suburbs of the Phoenix area. Originally, it was a nonprofit educational facility but later changed to become a for-profit institution. As the University has expanded, the cost of being a for-profit school became overwhelming. As a result, the school has once again filed and obtained nonprofit status.Read More
European Union/United Kingdom
If your organization has website visitors, donors, members, or others in the EU/UK that provide the organization with personal information and data, it is not too late to attempt to come into compliance with the General Data Protection Regulation (GDPR) which went into effect on May 25, 2018. There is a plethora of resources out there which attempt to explain the regulation and provide some level of guidance on complying. Most of these resources are a bit confusing, especially for United States entities that may receive information, knowingly or unknowingly, from residents of the EU or UK. Should you have any questions about this, please do not hesitate to contact Greg Lam of the firm.Read More
According to The Associated Press, the organization, Wounded Warriors Foundation, has agreed to pay restitution and civil penalties in the amount of $250 after the New York Attorney General found that it sold $4,200 in raffle tickets without ever holding a raffle or providing any of the monies raised to veterans. The organization must now dissolve or register as a charity.Read More