Charity Lawyer Blog
Nonprofit Law Simplified
Fundraising Regulation for Nonprofits
Charities raise funds in a variety of ways, including in person, by telephone, direct mail, email, and through internet solicitations. They also sponsor fundraising events such as dinners, galas, door-to-door sales, concerts, carnivals, sports events, and auctions. Both state law and federal law apply to fundraising activities.
Charitable Deductions – Date of Gift Rules
The date of gift rules can be convoluted, but they are important for 501(c)(3)s to understand. 501(c)(3)s must provide receipts to donors, which include the date on which the contribution was received. Having a healthy grasp of these rules will help facilitate donor acknowledgments and ease the burden of frantic donors requesting information come year-end.
Blockchain Applications in the Nonprofit Sector: Part IV – Cryptocurrencies
This is Part IV of a four-part series about applications of blockchain technology in the nonprofit sector. Part I of this series introduced blockchain technology
How Should Your Nonprofit Set the Compensation of its Executives?
A nonprofit’s board of directors is responsible for establishing the compensation (salary and benefits) for the chief executive (typically referred to as either the Executive Director, the CEO, or the President). Although the IRS does not provide specific dollar amounts or an acceptable range of compensation levels, they stipulate that compensation must be reasonable and not excessive; “reasonable” is defined as the value that would ordinarily be paid for like services by like enterprises under like circumstances.
Blockchain Applications in the Nonprofit Sector: Part III – Decentralized Autonomous Organizations
This is Part III of a four-part series about blockchain technology in the nonprofit sector. In this Part, we cover decentralized autonomous organizations and how
Blockchain Applications in the Nonprofit Sector: Part II – Smart Contracts
This is Part II of a four-part series covering blockchain technology in the world of nonprofits. In this Part, we discuss smart contracts and
Blockchain Applications in the Nonprofit Sector: Part I – Introduction to Blockchain
Blockchain technology has disrupted the way we think about many industries. One major sector that has gone overlooked is the nonprofits industry. Unbeknownst to many, the nonprofit sector is a significant player in the American economy. The United States is home to nearly one and a half million nonprofit organizations, employing more people than the construction, finance, and transportation industries.
Non Profit Checklist: Ten Things to Do Before Year End
The end of the year is a busy time for all nonprofits. Because of this, some obligations tend to slip through the cracks. Since the consequences can devastate a nonprofit, it is vital to ensure certain responsibilities are met by year-end.
Unrelated Business Income Tax: Volunteer Labor Exclusion
Internal Revenue Code § 513(a)(1) excludes from UBIT unrelated trade or business activity which is performed without compensation (the “Volunteer Labor Exclusion”).