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Treasury considers abandoning equivalency affidavit for U.S. foundation grants to foreign NGOs

Faegre Baker Daniels
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USA
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September 24 2012

On September 24, 2012, the U.S. Treasury Department published a notice requesting comments on whether it should no longer allow U.S. private foundations to make a good faith determination of a foreign grantee's public charity status based on the grantee's affidavit

Report regarding donor advised funds and supporting organizations

Faegre Baker Daniels
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USA
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March 14 2012

In December 2011, the United States Department of Treasury (Treasury) issued its long-awaited report (Report) on donor advised funds and supporting organizations, as required by the Pension Protection Act of 2006 (PPA

Exempt organizations - tax exemptions revoked

Faegre Baker Daniels
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USA
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June 14 2011

Pursuant to the provisions of the Pension Protection Act of 2006, tax-exempt organizations are required to file annual returns or notices with the Internal Revenue Service (IRS), and failure to file such returns or notices for three consecutive tax years will automatically result in loss of tax-exempt status

New guidance with respect to sexual-assault investigations under Title IX

Faegre Baker Daniels
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USA
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June 2 2011

In April, the Department of Education’s Office for Civil Rights issued a “Dear Colleague” letter (Letter) which offers guidance with respect to the reporting requirements set forth in Title IX of the Education Amendments of 1972, 20 U.S.C. Sec. 1681, et seq. (Title IX

Charitable contribution refresher

Faegre Baker Daniels
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USA
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June 2 2011

In a recent "Tax Tip," the IRS provided eight tips with respect to making charitable contributions

Nevada case takes the “donor” out of donor advised funds

Faegre Baker Daniels
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USA
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June 2 2011

The Pension Protection Act of 2006 resulted in new attention to a long tradition of charitable giving coupled with an appropriate measure of donor input - the use of "donor advised funds."

Company and foundation assistance for employees in Japan: FAQs

Faegre Baker Daniels
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Japan, USA
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March 15 2011

As companies and workers throughout the United States struggle to understand the implications of the March 11 earthquake and tsunami in Japan, many also struggle with how best to help

Exempt organizations - IRS relief for small organizations in danger of losing their tax-exemption

Faegre Baker Daniels
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USA
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October 6 2010

As we reported earlier this year, following the passage of the Pension Protection Act of 2006 (PPA), all tax-exempt organizations (with the exception of churches and related groups) are required to file annual information returns

New guidance regarding the grantmaking activities of public charities electing under Code Section 501(h)

Faegre Baker Daniels
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USA
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February 4 2010

In late 2009, the IRS issued a private letter ruling (a "PLR") that offers guidance for grantmaking public charities that have made a lobbying election under Section 501(h) of the Internal Revenue Code of 1986, as amended (the "Code"

The IRS continues to examine the governance practices of tax-exempt organizations

Faegre Baker Daniels
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USA
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February 4 2010

The IRS has repeatedly articulated its position that tax-exempt organizations that employ good governance practices are more likely to comply with tax laws and to protect their charitable assets