Nonprofit Law Matters

Monthly Archives: August 2013

Philanthropic Facilitation Act Encourages Program-Related Investments

Posted in Grantmaking & Social Investing, Private Foundations, Social Enterprise

The Philanthropic Facilitation Act recently was introduced in the House of Representatives by co-sponsors Cory Gardner (R-CO) and Jared Polis (D-CO).  The Act would amend the Internal Revenue Code to create a voluntary review process by which the Internal Revenue Service would determine whether specific investments qualify as a private foundation program-related investment (PRI). Expedited approval… Continue Reading

Reporting Organizational Changes to California State Agencies

Posted in Private Foundations, Public Charities, Unions, Associations, Clubs & Other Tax-Exempt Organizations

Earlier this year, we described the process for reporting organizational changes to the IRS.  At the state level, nonprofit organizations often have additional reporting or notification requirements when they make organizational changes.  We take this opportunity to highlight how a nonprofit organization incorporated in California can report organizational changes to the California Secretary of State,… Continue Reading