IRS Sets Forth Simplified Standards For 501(c)(3) Status for LLCs New Notice simplifies criteria and asks for comments on state law issues Ready Reference
Named Beneficiary Has Standing To Contest Actions of Trustee Pa. Supreme Court reverses ruling that denied standing when beneficiary’s payment would not be affected Lead Stories
California to Regulate ‘Charitable Fundraising Platforms’ Beginning 2023, state will require registration before enabling solicitation of charitable contributions Lead Stories
Build Back Better Bill Provides Help For Nonprofit Journalism, Endowments Tax credits available to support local journalism, universities could eliminate tax on investment income Lead Stories
Smithsonian Gets Cy Pres Power To Modify Display Requirement for Collection Court allows Institution to display statues online instead of physically in museum facilities Lead Stories Add new comment
National Rifle Association Fails in Attempt To Use Bankruptcy to Move to Texas Court dismisses case, saying it was not filed in good faith and was an effort to avoid New York regulatory action Lead Stories