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Tag: Nonprofits

Newsroom image for the post Dear Nonprofits – The IRS is Making Use of an LLC Easier

Posted October 29, 2021 with Tags

Dear Nonprofits – The IRS is Making Use of an LLC Easier

For nonprofits and the lawyers who love them, 2020 and 2021 have been full of frustrating interactions with the IRS. Getting the IRS to acknowledge and respond to basic communications has seemed more difficult than in the past. That is …

Newsroom image for the post Six Governance Steps Nonprofits Can Take to Advance DEI Goals

Posted September 2, 2021 with Tags

Six Governance Steps Nonprofits Can Take to Advance DEI Goals

A recent study found that nonprofit boards are 78.6 percent white.  That means nonprofit boards do not reflect the make-up of the American population or the constituents these nonprofits and foundations serve.  The National Council of Nonprofits has acknowledged the critical importance of diversity in nonprofit governance, saying: With a diversity of experience, expertise, and perspectives, a nonprofit is in a stronger position to plan for the future, manage risk, make prudent decisions, and take full advantage of opportunities.  A diverse board that is also sensitive to cultural differences is usually one that has a stronger capacity to attract and retain talented board members - as well as to be in touch with community needs. Though diversity, equity and inclusion (DEI) discourse has recently been present in programming, foundation gifting, and other industry lenses, community foundations are looking for new ways to take active steps towards deepening their DEI commitment, including an examination of board memberships.

Posted March 25, 2020 with Tags ,

Can Nonprofits Use Their Endowment Funds to Assist Communities in the wake of COVID-19?

As the COVID-19 pandemic continues to impact all corners of life both locally and nationally, we have received questions from our nonprofit clients regarding the use of their endowment funds to help support their targeted communities.  In addition to a quick review of Minnesota’s endowment fund law, we provide some action items to consider when faced with these spending decisions.

Posted March 17, 2020 with Tags ,

Minnesota Nonprofits and COVID-19: Special Considerations for Unemployment Insurance

With Emergency Executive Order 20-05, Minnesota Governor Walz provided much-needed relief to Minnesota employers and employees facing immediate loss of work because of COVID-19. The March 16th Order waives the one-week waiting period before individuals can be considered eligible for unemployment and relaxes otherwise strict requirements to maximize the chances that unemployed and underemployed workers receive benefits quickly

Posted May 31, 2017 with Tags , , , ,

501(r) Audits Are Here: What You Need to Know

The Affordable Care Act imposed new requirements on tax-exempt hospitals under Section 501(r) of the Internal Revenue Code. Section 501(r) and its implementing regulations present a complex framework intended to promote “charitable” behavior by tax-exempt hospitals. By way of example, 501(r) requires a hospital to assess and address community health needs and to adopt billing and collection practices aimed at ensuring that patients who have a limited ability to pay for care are treated fairly.

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