Client Advisories

SBA Unable to Accept New Coronavirus Relief Loan Applications

April 16, 2020/TEO BULLETIN/less than a minute

In our previous blog post, we discussed relief available for nonprofits under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “Act”).  As described, the Act authorizes up to $349 billion…

Client Advisories

N.Y. Charities Bureau Extends CHAR500 Filing Deadline and Releases Guidance for Nonprofits

April 15, 2020/TEO BULLETIN/2 minute read

Most organizations that hold assets and/or conduct activities for charitable purposes in New York are required to register with the New York State Attorney General’s Charities Bureau pursuant to the…

Client Advisories

Relief for Nonprofits Under the CARES Act

April 10, 2020/TEO BULLETIN/less than a minute

The Coronavirus Aid, Relief, and Economic Security (CARES) Act offers relief for businesses facing economic challenges due to the outbreak of coronavirus disease (COVID–19). Certain provisions of the Act expressly extend…

Client Advisories

TEO Bulletin Authors Present at PLI’s Advising Nonprofit Organizations 2020 Program

February 28, 2020/TEO BULLETIN/less than a minute

TEO Bulletin author Pamela Mann recently led Practicising Law Institute’s full-day Advising Nonprofit Organizations 2020 continuing legal education program. Presenters also included fellow TEO Bulletin author Ahsaki Benion and chief…

Client Advisories

Expenses for Qualified Transportation Benefits No Longer Taxable as Unrelated Business Income

February 14, 2020/TEO BULLETIN/2 minute read

On December 20, 2019, the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the “Act”) was signed into law as part of a larger appropriations bill. Among other things,…

Client Advisories

Electronic Filing Now Required for IRS Form 1023 Exemption Application

February 7, 2020/TEO BULLETIN/less than a minute

Pursuant to IRS Rev. Proc. 2020-8, as of January 31, 2020, a Form 1023 Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code—which is used to…

Client Advisories

New Act Simplifies Excise Tax on Investment Income for Private Foundations

January 27, 2020/TEO BULLETIN/less than a minute

Click here to read our Client Advisory regarding the recent change to the excise tax on investment income of private foundations.

Client Advisories

New York Attorney General and PayPal Charitable Giving Fund Enter Into Agreement to Address Lack of Transparency in Charitable Giving Campaign

January 22, 2020/TEO BULLETIN/3 minute read

On January 14, 2020, the New York Attorney General entered into an Assurance of Discontinuance (the “Settlement”) with PayPal Charitable Giving Fund (“PPGF”)—PayPal, Inc.’s charitable giving arm—to resolve issues raised…

Client Advisories

NY’s Stop Hacks and Improve Electronic Data Security Act (SHIELD Act) Takes Effect

November 6, 2019/TEO BULLETIN/3 minute read

New York’s “Stop Hacks and Improve Electronic Data Security Act (SHIELD Act)” (the “Act”) officially took effect on October 23, 2019. In pertinent part, the Act amends New York General…

Client Advisories

Federal Court Invalidates New York Donor Disclosure Law

October 24, 2019/TEO BULLETIN/3 minute read

A federal judge has invalidated a New York state Ethics Law requiring § 501(c)(3) and § 501(c)(4) tax-exempt organizations to publicly report their donors under certain circumstances. Background. Organizations exempt…