The ins and outs of law in the nonprofit sector--made easy!
Written by renowned author Bruce R. Hopkins, Nonprofit Law Made
Easy is a must-read guide for executives, board members, officers,
accountants, fundraisers, and others who handle legal issues that
affect the way nonprofit organizations are formed and
operated.
Nonprofit Law Made Easy presents in-depth discussions on such hot
topics as acquiring and maintaining tax-exempt status, reporting
requirements, charitable giving, disclosure requirements, unrelated
business activities, fundraising, corporate governance principles,
and board member liability. It also includes crucial information on
avoiding nonprofit law traps and navigating governance and
liability issues.
Packed with practical tips and hard-to-find, authoritative advice,
Nonprofit Law Made Easy demystifies complex legal issues with
plain-language explanations of laws and regulations for non-legal
professionals.
Autorentext
BRUCE HOPKINS (Kansas City MO) is the country's leading authority on tax-exempt organizations and is a lawyer with the firm Polsinelli, Shalton & Welte, P.C. He is also the author of fifteen books, including The Law of Intermediate Sanctions, The Legal Answer Book for Private Foundations, The Legal Answer Book for Nonprofit Organizations, The Law of Tax-Exempt Organizations, 8e, Private Foundations: Tax Law and Compliance, 2e, and Starting and Managing a Nonprofit Organization: A Legal Guide, 3e, as well as the newsletter Bruce Hopkins' Nonprofit Counsel, all published by Wiley.
Klappentext
The ins and outs of law in the nonprofit sector—made easy!
Written by renowned author Bruce R. Hopkins, Nonprofit Law Made Easy is a must-read guide for executives, board members, officers, accountants, fundraisers, and others who handle legal issues that affect the way nonprofit organizations are formed and operated.
Nonprofit Law Made Easy presents in-depth discussions on such hot topics as acquiring and maintaining tax-exempt status, reporting requirements, charitable giving, disclosure requirements, unrelated business activities, fundraising, corporate governance principles, and board member liability. It also includes crucial information on avoiding nonprofit law traps and navigating governance and liability issues.
Packed with practical tips and hard-to-find, authoritative advice, Nonprofit Law Made Easy demystifies complex legal issues with plain-language explanations of laws and regulations for non-legal professionals.
Zusammenfassung
The ins and outs of law in the nonprofit sector--made easy!
Written by renowned author Bruce R. Hopkins, Nonprofit Law Made Easy is a must-read guide for executives, board members, officers, accountants, fundraisers, and others who handle legal issues that affect the way nonprofit organizations are formed and operated.
Nonprofit Law Made Easy presents in-depth discussions on such hot topics as acquiring and maintaining tax-exempt status, reporting requirements, charitable giving, disclosure requirements, unrelated business activities, fundraising, corporate governance principles, and board member liability. It also includes crucial information on avoiding nonprofit law traps and navigating governance and liability issues.
Packed with practical tips and hard-to-find, authoritative advice, Nonprofit Law Made Easy demystifies complex legal issues with plain-language explanations of laws and regulations for non-legal professionals.
Inhalt
Preface.
Chapter 1 Forming a Nonprofit Organization.
A Philosophical Framework.
Defining Nonprofit Organization.
Purpose of Organization.
Location of Organization.
Selection of Organization Form.
Name of Organization.
Composition of Governing Body.
Officers and Key Employees.
Management Companies.
Minutes.
Other Documents.
Summary.
Chapter 2 Acquiring and Maintaining Tax-Exempt Status.
Concept of Tax Exemption.
Eligibility for Tax-Exempt Status.
Recognition of Tax-Exempt Status.
Categories of Tax-Exempt Organizations.
Selection of Appropriate Category.
Application Process.
Timing.
Exceptions.
Notice Requirements for Political Organizations.
Preparation of Applications.
Reliance on Determination.
Maintenance of Exempt Status.
Changes in Organizational Form.
Material Changes.
Group Exemption.
Summary.
Chapter 3 Public Charities and Private Foundations.
Defining Private Foundation.
Defining Public Charity.
What Difference Does It Make?
Disqualified Persons.
Determining Public SupportTricks of the Trade.
Focus on Supporting Organizations.
Hybrid Foundations.
Rules for New Organizations.
Private Foundation Rules.
Termination of Status.
Donor-Advised Funds.
Summary.
Chapter 4 Reporting Requirements.
Federal Law Basics.
A Multitude of Forms.
Form 990 Glossary.
Annual Information ReturnA Law Perspective.
Law Perspective on Preparation of Returns.
State Law Requirements.
Watchdog Agencies.
Summary.
Chapter 5 Charitable Giving.
Basic Concepts.
Defining Charitable Gift.
Qualified Donees.
Gifts of Property.
Limitations on Deductibility.
Deduction Reduction Rules.
Twice-Basis Deductions.
Contributions of Vehicles.
Contributions of Intellectual Property.
Partial Interest Gifts.
Gifts of Insurance.
Planned Giving.
Summary.
Chapter 6 Disclosure Requirements.
Applications for Recognition of Exemption.
Annual Information Returns.
Gift Substantiation Requirements.
Quid Pro Quo Contributions.
Disclosure by Noncharitable Organizations.
Disclosure of Gifts of Property.
Dispositions of Contributed Property.
Appraisal Requirements.
Offering of Information or Services.
Tax Shelters.
Summary.
Chapter 7 Unrelated Business Activities.
Statutory Framework.
Affected Tax-Exempt Organizations.
Conduct of Business.
Regularly Carried-On Businesses.
Related or Unrelated?
Unrelated Business Taxable Income.
Exempted Activities.
Exempted Income.
Exceptions to Exceptions.
Corporate Sponsorships.
Internet Activities.
Commerciality Doctrine.
Summary.
Chapter 8 Fundraising Regulation.
State Regulation of Fundraising.
State Charitable Solicitation Acts.
States' Police Power.
Constitutional Law Considerations.
Federal Regulation of Fundraising.
Fundraising by Means of the Internet.
Summary.
Chapter 9 Building on the Basics.
Fundamentals of Bifurcation.
Definition of Subsidiary.
Determining Need for Subsidiary.
L...