Tuesday, July 22, 2014

Mikulski Announces Senate Passage of Legislation Protecting Economic Security of Those at High Risk of Terrorist Attack - Top News - InsuranceNewsNet.com

Mikulski Announces Senate Passage of Legislation Protecting Economic Security of Those at High Risk of Terrorist Attack - Top News - InsuranceNewsNet.com: U.S. Senator Barbara A. Mikulski (D-Md.) today announced Senate passage of the Terrorism Risk Insurance Program Reauthorization Act of 2014, legislation she cosponsored to extend the Terrorism Risk Insurance (TRIA) Program protecting the economic security of businesses and organizations at high-risk of terrorist attack.

GUEST COLUMN: Regulatory wake-up call for nonprofits - Buffalo - Business First

GUEST COLUMN: Regulatory wake-up call for nonprofits - Buffalo - Business First: The regulatory alarm clock went off July 1, 2014, for not-for-profit corporations in New York State. That was the deadline for complying with the Non-Profit Revitalization Act of 2013, which strengthens corporate governance requirements and modernizes operating requirements.

Friday, July 18, 2014

Bipartisan House Super-Majority Passes "America Gives More Act" | Council on Foundations

Bipartisan House Super-Majority Passes "America Gives More Act" | Council on Foundations: H.R. 4719 includes several provisions of particular importance to foundations. First, it would make the IRA charitable rollover permanent through a provision adapted from legislation sponsored by Congressman Aaron Schock (R-IL-18). Second, the bill includes a provision, adapted from legislation introduced by Congressman Erik Paulsen (R-MN-3), to simplify the two-tier excise tax on private foundations by replacing it with a single rate of one percent. The Council on Foundations has supported both of these provisions for many years.

Thursday, July 17, 2014

Y All the Fuss? | A challenge to the YMCA's tax-exempt status offers lessons for Treasure Valley businesses and nonprofits | News | Boise Weekly

Y All the Fuss? | A challenge to the YMCA's tax-exempt status offers lessons for Treasure Valley businesses and nonprofits | News | Boise Weekly: Normally, Ada County Commission meetings attract a handful of attendees. But at the July 3 meeting, the crowd swelled to around 220. Attendees included people from all walks of life, from the severely disabled and those living with illness or disease, to business professionals and athletic instructors.

The majority was there to show support for the Treasure Valley YMCA. In May, Ada County commissioners voted unanimously to reduce the West Boise YMCA's tax exemption rate from 100 percent to 19 percent. The change came on the heels of Axiom Fitness and Idaho Athletic Club both alleging the West Y's usage had dramatically changed to include more CrossFit and yoga facilities. But after hearing testimony from YMCA Chief Executive Director Jim Everett and beneficiaries of the Y's charitable services, commissioners reversed their earlier decision in a 3-0 vote July 2, reinstating the Y's 100 percent tax-exempt status.

Wednesday, July 16, 2014

Fundraising Professionals Hail New York Case Settlement, Encourage Donors to Take Wise Giving Steps | Motor E magazine

Press Release



Fundraising Professionals Hail New York Case Settlement, Encourage Donors to Take Wise Giving Steps | Motor E magazine: Arlington, VA (PRWEB) July 16, 2014

The Association of Fundraising Professionals (AFP) applauds the recent investigation by the New York State Attorney’s General Office into the Disabled Veterans National Foundation (DVNF), calling it a victory for ethical charities and fundraisers.

Wednesday, July 09, 2014

N.Y. State Delays a Board Provision of New Law on Nonprofits – Philanthropy Today - Blogs - The Chronicle of Philanthropy

N.Y. State Delays a Board Provision of New Law on Nonprofits – Philanthropy Today - Blogs - The Chronicle of Philanthropy: New York Gov. Andrew Cuomo signed legislation last week delaying a provision of the state’s sweeping overhaul of charity regulations that would bar employees of a charity from chairing its board of directors, reports the Associated Press.

Legislative sponsors of the bill said they wanted more time to study the impact of the restriction, which was sought by state Attorney General Eric Schneiderman as a means of ensuring board independence. The provision is now set to take effect on Jan. 1, 2016.

Monday, July 07, 2014

7520 Rate for July Stable at 2.2% | Planned Giving Design Center

7520 Rate for July Stable at 2.2% | Planned Giving Design Center: For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for July 2014 is 2.2%; Stable with last month's rate.

Friday, June 27, 2014

Red Cross Says Hurricane Sandy Fundraising is ‘Trade Secret’ – Philanthropy Today - Blogs - The Chronicle of Philanthropy

Red Cross Says Hurricane Sandy Fundraising is ‘Trade Secret’ – Philanthropy Today - Blogs - The Chronicle of Philanthropy: The Red Cross is fighting a public records request filed by ProPublica to disclose how it raised and spent $300-million in the wake of Hurricane Sandy, the investigative news organization reports.

The Red Cross gave some information about its Sandy-related activities to New York Attorney General Eric Schneiderman, but has resisted publicly releasing details, arguing that they are a “trade secret.”



Registering an international charity or overseas disaster appeal - Charity Commission

Registering an international charity or overseas disaster appeal - Charity Commission: Registering an international charity or overseas disaster appeal
Registering an international charity or overseas disaster appeal



Wednesday, June 25, 2014

Canada’s Anti-Spam Legislation (CASL) - Press - AFP

Canada’s Anti-Spam Legislation (CASL) - Press - AFP: Canada’s Anti-Spam Legislation (CASL)

On behalf of AFP, Mark Blumberg, a partner at Blumberg Segal LLP and Non-Profit and Charity Law expert, drafted this document to help explain Canada’s Anti-Spam Legislation2 (“CASL”). CASL will be in force on July 1, 2014, with the sections related to the unsolicited installation of computer programs or software coming into force on January 15, 2015. It is a complicated piece of legislation that will apply to commercial electronic messages (“CEM”) that are either sent from, or accessed on, a computer system in Canada, unless an exemption applies.

Tuesday, June 24, 2014

Finding Our Way Through the Knight – IRS Issues Final Regulations to Guide Us Throug... | Bloomberg BNA

Finding Our Way Through the Knight – IRS Issues Final Regulations to Guide Us Throug... | Bloomberg BNA: Wednesday, June 25, 2014
Finding Our Way Through the Knight – IRS Issues Final Regulations to Guide Us Through Miscellaneous Deductions for Estates and Nongrantor Trusts

Monday, June 23, 2014

Pittsburgh Suburb Tries to Restrict Door-to-Door Solicitors - NPQ - Nonprofit Quarterly

Pittsburgh Suburb Tries to Restrict Door-to-Door Solicitors - NPQ - Nonprofit Quarterly: Don’t knock on doors in Baldwin, Pennsylvania to solicit money for a nonprofit unless you’re carrying your registration. Stephanie Hacke reports for the Tribune-Review that Baldwin has passed an ordinance requiring members of nonprofit, religious, and charitable organizations to register with the Baldwin police before they solicit for anything on a door-to-door basis.

Tuesday, June 17, 2014

How the Lerner Fiasco Camouflages Important IRS Issues - NPQ - Nonprofit Quarterly

How the Lerner Fiasco Camouflages Important IRS Issues - NPQ - Nonprofit Quarterly: It’s time for nonprofit leaders to demand something more important from Congress than a judgment on Lerner. It’s time for Congress—the House Committee led by Issa and its Senate counterpart, Homeland Security and Governmental Affairs, led by Senator Thomas R. Carper (D-DE)—to examine how the IRS functions vis-�-vis nonprofit organizations and other aspects of critical oversight, how it has apparently functioned for years, what should be on its plate and what shouldn’t be, and how to make the IRS—and for us, its roles in oversight of tax exempt organizations—function better, appropriately, and competently.—Rick Cohen

Monday, June 16, 2014

Nonprofits' Impact on City Larger Than Expected

Nonprofits' Impact on City Larger Than Expected: Survive might not be the correct verbiage, according to a recent survey conducted by the Long Beach Nonprofit Partnership in accordance with the CSULB Office of Economic Research. A more suitable word choice is thrive, as the nonprofits continue to grow and become a more integral part of the economy according to a recent study.

One Small City Will Press Homeless Shelter for Payments in Lieu of Taxes - NPQ - Nonprofit Quarterly

One Small City Will Press Homeless Shelter for Payments in Lieu of Taxes - NPQ - Nonprofit Quarterly: universities and the like. One fifth of Brockton’s property is tax-exempt, according to the city finance director, John Condon; out of $5.4 billion in total property value, about $1.01 billion is tax-exempt.

Mayor Bill Carpenter’s efforts are focused on groups that own $500,000 or more in real property and the plan would have nonprofits contribute 10 percent of what they would be assessed in taxes if they were not exempt the first year, 20 percent the second year, and 30 percent from then on.