State governments are struggling to keep their social service programs alive. Increasingly, they are turning to charities like Shriner’s Hospital for Children, United Way, and YMCA for help keeping up with funding commitments under programs like Temporary Assistance for Needy Families (TANF). In fact, according to the Government Accountability Office (GAO) report issued last month, …
Posts By: The Law Firm for Non-Profits, P.C.
Avoid the Payroll Tax Plague
When we recently spoke at CalCPA’s nonprofit committee meeting, we mentioned a big issue plaguing nonprofits – failure to pay payroll taxes. For cash flow or other reasons, nonprofits often fail to make these payments to the IRS and the EDD. These agencies have taken notice and are going after nonprofits that fail to make …
Arthur Rieman and Jessica Shofler Published in LA Lawyer
LA Lawyer’s September issue includes the article “California’s New Hybrid Corporate Statute,” authored by Arthur Rieman and Jessica Shofler of The Law Firm for Non-Profits, along with David Adelman of Greenberg & Bass. The article dissects and analyzes California’s new hybrid corporate forms, which may be a perfect fit for entrepreneurs seeking a business entity …
Will Innovation Breed Success?
Many donors only give to charities that demonstrate specific evidence of their success. The governor of Massachusetts is now turning this commonly held standard into new state legislation. It’s called Social Innovation Financing. MA’s Governor Deval Patrick and Lt. Governor Timothy Murray released a statement explaining that it’s a “simple premise – have government pay …
Watch Out Politically Minded 501(c)(4)s, the NY AG is Getting to Work
While the IRS finally agreed to reevaluate regulations concerning politically minded 501(c)(4)s, the NY Attorney General isn’t happy just sitting around and waiting. Instead, NY AG Eric Schneiderman recently sent letters to over 20 politically motivated 501(c)(4) organizations, asking for tax and other financial records. Democratic and republican organizations alike are receiving these requests, including …
Is a Mandatory Payout for Donor Advised Funds on the Horizon?
How many of our readers have money in donor advised funds (DAFs)? If you are one of those readers, you may soon be hearing a lot more about a mandatory 5% annual payout. That’s because earlier this summer, the Congressional Research Service (CRS) issued a report concluding that, like private foundations, DAFs should have a …