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The Best Lawyers in America© Team Members

August 21, 2018

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The Best Lawyers in America© Team Members

August 21, 2018

Authored by: BCLP

Congrats to our Team Members, Gino Serra, Frank Wolff, and Keith Kehrer, for inclusion in the 2019 Edition of The Best Lawyers in America© in the Nonprofit / Charities Law category. Congrats to our Team Members Kimberly Civins, Michael Bland, Renee Gabbard, Shannon Barks, John Ready, Steve Daiker, Larry Brody, John Schaperkotter and Kathy Sherby for inclusion in the 2019 Edition of The Best Lawyers in America© in the Trusts and Estates category.

The Best Lawyers in America© is the oldest lawyer-rating publication in the U.S., and inclusion in Best Lawyers is based entirely on peer-review.

Basic Financial Oversight and Management for Nonprofit Organizations

August 9, 2018

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Thursday, Sept. 13, 2018 from 1-5 p.m. in #202 JC Penney Conference Center (on the UMSL north campus)

Every organization should have board or staff members that possess financial credentials and/or experience and are charged with the primary responsibility of reporting or managing the financial matters of the nonprofit. However, board and staff members whose expertise is other than financial still need the ability to monitor and manage the financial condition of the organization. This is an introductory, basic course covering important financial management and oversight principles and activities in every nonprofit organization.

Attendees will learn:

  • How to manage a range of budget and financial matters in relation to your fiscal year
  • Indicators of financial health as well as how to detect potential trouble spots
  • A basic understanding of nonprofit financial statements
  • Plain-language (non-accountant-speak) financial concepts, activities and procedures that anyone can understand

The primary instructor for this

Updates to Charitable Contribution Procedures

August 8, 2018

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To simplify compliance for grantors and contributors to tax-exempt organizations, the IRS recently issued an updated revenue procedure (Rev. Proc. 2018-32) that combines previously scattered guidance on deductibility and reliance issues. The new revenue procedure explains when grantors and contributors may rely on a listing of an organization on an IRS database of organizations eligible to receive contributions under Sec. 170 for purposes of determining whether the grants or contributions may be deductible under Sec. 170.

Searchable Databases

The IRS maintains and updates two different publicly available databases on organizations eligible to receive tax-deductible contributions under Sec. 170. The first lists organizations that are eligible to receive tax-deductible charitable donations (eligible organization list), and the second is an extract of certain information concerning tax-exempt organizations from the IRS electronic Business Master File (the EOB MF Extract).

Historically, the eligible organization list was maintained in print form in IRS Publication 78.

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