BCLP Charity Law

Charity Law

ARCHIVE

Main Content

Nonprofit Management & Leadership Fundraising Institute 2015

August 18, 2015

Categories

When: Tuesday, Sept. 15 to Friday, Sept. 18, 2015 Where: Various classrooms in the Social Sciences and Business (SSB) building on the north campus of UM-St. Louis Fee: $350 for all five sessions, or priced individually per session.

Please note: No class on Monday

To register for all five sessions, at a cost of $350, click here.

Session 1: Successful Grant Writing. Tuesday, Sept. 15 from 9 a.m. to 4 p.m.$99 to register indivually. Lunch included. Social Sciences and Business building, SSB 411. To register individually for Session 1, click here. Instructor Wendy Dyer provides perspectives and the latest practical examples to give you an edge in writing proposals and obtaining funding. Hands-on activities provide real-world take-aways that you can use now. From research to thanking the donor, this comprehensive session is good for beginners and seasoned grantwriters. Dyer has been a fundraiser and a fundraising consultant for

IRS Seeks Applications for Advisory Committee for the Tax Exempt and Government Entities Division

August 12, 2015

Categories

The Internal Revenue Service seeks applicants for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT). The committee provides advice and public input on the various areas of tax administration served by the Tax Exempt and Government Entities Division (TE/GE).

News Release

IRS Exempt Organization Newsletter 2015-8

July 7, 2015

Categories

On July 2, the IRS released its Exempt Organization Newsletter, Issue Number 2015-8.

  • IRS,      industry, states take new steps together to fight identity theft, protect      taxpayers
  • IRS      Nationwide Tax Forums begin in July
  • Register for IRS webinar: 501(c)(7)      Social Clubs: How to get and keep tax-exempt status
  • Hurricane season underway: IRS      reminds taxpayers to safeguard their tax records
  • Recent revocations
  • Register for EO workshops
  •   1.  IRS, industry, states take new steps together to fight identity theft, protect taxpayers

    The IRS joined recently with representatives of tax preparation and software firms, payroll and tax financial product processors and state tax administrators to announce a sweeping new collaborative effort to combat identity theft refund fraud and protect the nation’s taxpayers.

    Read news release.

      2.  IRS Nationwide Tax Forums begin in July

    Employee Plans and Exempt Organizations will participate in the IRS Nationwide Tax Forums in

    Advisory Committee on Tax Exempt and Government Entities (ACT) Releases Public Report

    June 26, 2015

    Categories

    The 14th report of recommendations of the Advisory Committee on Tax Exempt and Government Entities (ACT) addresses five issues:

  • Employee Plans: Analysis and Recommendations Regarding 403 (b) Plans
  • Exempt Organizations: The Redesigned Form 990 – Recommendations for Improving its Effectiveness as a Reporting Tool and Source of Data for the Exempt Organization Community
  • Federal, State and Local Governments: FSLG Education and Outreach – Review and Recommendations
  • Indian Tribal Governments: Report on Recommendations for Outreach and Training – A Revision to the Indian Tax Desk Guide
  • Tax Exempt Bonds: Doing More With Less – Balancing Resources and Needs.
  • The 20 members of the ACT presented their report to the IRS in a public meeting in Washington, DC on June 17, 2015.

    Workshop: Legal Issues for Nonprofit Board Member

    June 24, 2015

    Categories

    When: Thursday, Aug. 13, 2015 from 3-5 p.m. Where: Social Sciences and Business Building — SSB #218 on the UM-St. Louis North Campus Fee: $20

    Program Description: Given the vital role of volunteer nonprofit corporate board members in our region, and in the entire nonprofit sector, it is of utmost importance that more people fully understand the responsibilities that go with joining the board of a nonprofit corporation. This class will help individuals and organizations better understand the duties, obligations, and liabilities that apply to the members of the board of directors of a nonprofit corporation, regardless of its size or programs. In addition to covering both Missouri law and general legal principles that relate to nonprofit board membership, this class will also discuss board member protections in the form of insurance, indemnification, and statutory protection from some forms of liability.

    Instructor: DAN SISE, JD, joined the Nonprofit Management

    Leverage Lender Issues

    June 10, 2015

    Categories

    Leverage Lender Issues

    June 10, 2015

    Authored by: Jerry Breed

    In comments at the ABA Forum – IRS/Treasury meetings, Paul Handleman, chief of the passthroughs and special industries branch of the IRS Chief Counsel’s office, raised the question as to whether Revenue Ruling 2003-60 is applicable to sponsor leverage loans. Revenue Ruling 2003-60 holds that a leverage loan may be includible in the amounts of a “Qualified Equity Investment” for purposes of the New Markets Tax Credit. The ruling references the leverage lender as a “bank”, presumably not related to the QALICB or the sponsor of the QALICB.

    Since the issuance of Revenue Ruling 2003-60, the industry has considered the scope of the ruling to include all lenders regardless of their relationship with the QALICB. Standard rules of classifying debt and equity as well as standard methods of determining whether transactions should be recharacterized under step-transaction, sham transaction or economic substance, however, remain applicable. Footnote 344 to the HERA provides

    Review of Income Tax Deduction Rules for Charitable Gifts

    June 10, 2015

    Categories

    According to area newspaper the St. Louis Post Dispatch, one of St. Louis’ wealthiest families, that of Enterprise Holdings founder Jack Taylor, is making some very large charitable donations this week–a total of $92.5 million to 13 cultural institutions and charities, most local to St. Louis.

    In light of this, we thought now would be a good time to remind everyone of some of the basic income tax deductions available for gifts to charities.

    Section 170 of the Internal Revenue Code (the “Code”) governs income tax deductions for charitable contributions. In the case of an individual making a cash gift to a Section 501(c)(3) organization classified as a “public charity” (such as churches, schools, hospitals, and governmental units), the gift is deductible for federal income tax purposes so long as the aggregate gifts do not exceed fifty percent (50%) of the taxpayer’s adjusted gross income (“AGI”) for the taxable year.

    In the case

    Volunteering Across the Lifespan: Engaging Volunteers of All Ages

    June 3, 2015

    Categories

    When: Friday, June 26, 2015 from 9 a.m. to 4 p.m. Where: J.C. Penney Conference Center UMSL North Campus Fee: $60 for MVMA members; $75 for non-members – Click here to register now! or call 314-516-5961 

    Program Description: How can you engage volunteers from pre-school to retirement? This workshop will present the unique challenges and best practices from volunteer managers working with volunteers of all ages. Topics will include best practices for the unique needs of each generation from recruiting, training, engaging and retaining.

    Instructors: The workshop instructors are experienced volunteer managers. Each will talk about leading volunteers in an age group in which they have extensive expertise:

    Youth (under 13). Nicole Dalton is the External Collaborations Coordinator for the Girl Scouts of Eastern Missouri. Nicole’s seven years with the Girl Scouts have included working with local troops and volunteers, managing large scale events for the membership, coordinating volunteer

    IRS Exempt Organization Newsletter 2015-7

    June 3, 2015

    Categories

  • Register for IRS webinar: 501(c)(7) Social Clubs: What they need to qualify for and maintain tax-exempt status
  • IRS Nationwide Tax Forums begin in July
  • Tax relief for damage from severe storms, tornadoes, straight-line winds and flooding in Oklahoma
  • Maintain eligibility to sponsor a 403(b) plan
  • How does the Taxpayer Advocate Service work for you?
  • Recent revocations
  • Register for EO workshops
  • The attorneys of Bryan Cave LLP make this site available to you only for the educational purposes of imparting general information and a general understanding of the law. This site does not offer specific legal advice. Your use of this site does not create an attorney-client relationship between you and Bryan Cave LLP or any of its attorneys. Do not use this site as a substitute for specific legal advice from a licensed attorney. Much of the information on this site is based upon preliminary discussions in the absence of definitive advice or policy statements and therefore may change as soon as more definitive advice is available. Please review our full disclaimer.