Charities are focusing more and more attention on revenue-generating activities, both as a means of carrying out their missions and as a means of generating revenue to support their missions. With the expansion of web-based strategies and global communications, charities, often working with commercial "partners," have been developing new and innovative income-generating strategies that must be evaluated and tested against established laws.
Areas of Focus
- Related business income generated by an entity such as a museum, or symphony, or low-income housing provider, while furthering its exempt purpose.
- Corporate sponsorships and the IRS rules that pertain to them.
- Unrelated business income derived from activities that do not directly further a charitable purpose, but generate taxable money to support the client’s mission.
- Vehicle donation programs and the regulations associated with them.
- Tax-exempt bonds issued by a municipality for the benefit of hospitals, schools and other public nonprofits.
- Raffles and gaming.
- Joint ventures between nonprofit and for-profit organizations, focusing on ensuring nonprofit clients maintain their tax-exempt status.
- Social enterprises, which use a corporate business model to achieve a charitable mission or solve a public problem such as global warming, disease, or poverty.
- Commercial co-venture arrangements.
- Compliance with state fundraising laws.
Related Blog Posts (18)
Past Events
-
Panel May 11, 2018
ABA Section of Taxation May Meeting: New Section 512(a)(6): Unrelated Business Taxable Income Silos – Separating the Corn from the Wheat
Co-panelist: Meghan R. Biss, Caplin & Drysdale
Co-panelist: Maura Whelan, Simpson Thacher & Bartlett, LLP
Washington, DC
Presenter
-
Presentation May 1, 2018
Center for Volunteer and Nonprofit Leadership, Emerging Leaders Program: “Nonprofit Legal Compliance”
Presenter
-
Panel April 26, 2018
Georgetown University Law Center conference
Representing & Managing Tax-Exempt Organizations
First panel: Fundraising and Crowdfunding on the Internet and Social Media
Co-panelist: Courtney Aladro
Second panel: Ask the Experts
Co-panelist: Jim Joseph and Morey Ward
Washington, DC
Presenter
-
Seminar March 27, 2018
Grant Thornton, LLP - “What’s New in Not-for-Profit Law?”
Presenter
