In November of 2016, Bryan Cave organized a half-day symposium examining the opportunities and legal considerations related to responsible and impact investing strategies. I participated on a panel to discuss how private foundations may engage in impact investing through the use of a program related investment (PRI).

We continue to see increasing interest by our foundation clients regarding the use of PRIs to engage in impact and social investing.  So why do PRIs continue to be a part of the conversation for private foundations that desire to engage in impact and social investing?

First, PRIs have been expressly included in the Internal Revenue Code and Treasury Regulations for more than 40 years, and thus are a very well-established and accepted tool.

Second, PRIs provide a variety of additional benefits to a private foundation beyond the social benefit derived from the investment itself.  For example, PRIs are not subject to the

Join the IRS for a National Paycheck Checkup Thunderclap

We invite you or your group to join @IRSnews in support of the IRS Thunderclap effort promoting a national “Paycheck Checkup.” Following major tax law changes, workers should review their withholding to make sure they have the right amount of tax taken out of their paychecks.

Form 990 processing changes

As of January 8, the IRS is returning Form 990 series returns filed on paper – and rejecting electronically filed returns – when they are incomplete or the wrong return. IRS.gov answers the question What happens if my Form 990 is missing information or a schedule, or is the wrong return?

Form 990-EZ reminders

Tax-exempt organizations with annual gross receipts under $200,000 and assets under $500,000 (at the end of the reporting period) can use Form 990-EZ, Short Form Return of Organization Exempt from

Thursday, April 26, 2018 from 1-4 p.m. in #202 J.C. Penney Conference Center (on the UMSL north campus)

“Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.”   Margaret Mead

Groups, committees, teams and collaborations are essential parts of the work in a nonprofit organization.  What is the essence of “group process” and what is the role of the professional in creating successful ongoing decision making experiences?  How does a staff person know when to lead and when to step back to ensure that staff members and volunteer leaders are engaged, empowered and motivated? This seminar highlights the stages and elements of collective impact, including building trust, managing participants needs and expectations, responding to conflict and staying focused on the organization’s impact.

Instructor Marci Mayer Eisen has worked in the St. Louis nonprofit community for 30+ years with

Use Form 1024-A to Apply for Recognition of Exemption under IRC Section 501(c)(4)

Organizations that choose to apply for recognition of exempt status under Internal Revenue Code (IRC) Section 501(a) as an organization described in Section 501(c)(4) should use the new Form 1024-A, Application for Recognition of Exemption under Section 501(c)(4) of the Internal Revenue Code.

Organizations seeking recognition of exempt status under Section 501(a) as an organization described in Section 501(c)(2), (5), (6), (7), (8), (9), (10), (12), (13), (15), (17), (19) or (25) will continue to use Form 1024, Application for Recognition of Exemption Under Section 501(a).

Form 1024-A doesn’t satisfy an organization’s separate requirement to notify the IRS that it’s operating under Section 501(c)(4). Instead, use Form 8976, Notice of Intent to Operate Under Section 501(c)(4).

Revenue Procedure 2018-5

Revenue Procedure 2018-5 simplifies the

We are excited to announce that London based Berwin Leighton Paisner (BLP) is combining with Bryan Cave. The combination will expand our global reach and increase our depth in key markets, creating a firm with approximately 1,600 lawyers in 32 offices across 11 countries in the United States, Europe, the Middle East and Asia.  BLP brings both strength and depth in core practices such as global real estate, international corporate, transactions and tax; private client; litigation, arbitration and investigations; and related areas of expertise; as well as highly rated financial services and financing practices. In addition, BLP is also strong and adds depth in the charity law sector, and like Bryan Cave, takes a team approach to achieve our charity client’s goals. The following is a brief overview of the BLP Charity Practice and approach:

Operating in the not-for-profit sector has never been more challenging – or more exciting: unprecedented

Bryan Cave LLP has once again been recognized as a U.S. News – Best Lawyers® “Best Law Firms” National Tier 1 ranked firm for its work in Trusts & Estates.  Awards are determined using several criteria, including: client evaluations, peer attorney feedback, and, notably, managing partners and practice area chairs’ reviews. Congrats to the Bryan Cave Private Client Group!

File current versions of exemption applications

The IRS reminds people seeking tax-exempt status to use the current version of forms to avoid processing delays. The current version of Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, is dated December 2017, and Form 1024, Application for Recognition of Exemption Under Section 501(a), is dated January 2018.

If you use a prior version of one of these forms, the IRS will return your application and ask you to resubmit using the current version of the form.

User fees 

Revenue Procedure 2018-5 announces the following user fees:

Application Type User Fee Form 1023 $600 Form 1024 Form 1024-A Form 1023-EZ $275 Group exemption letter $2,000

Please submit Form 8718, User Fee for Exempt Organization Determination Letter Request, with group exemption letter requests and exemption applications, other than those filed on Forms