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The Year in Social Enterprise: 2015 Legislative and Policy Review
  • Drinker Biddle & Reath LLP
  • USA
  • February 4 2016

The past year proved to be a landmark year in the brief history of the emerging social enterprise sector. Indeed, 2015 witnessed continued

Increasing the chances of receiving new markets tax credit financing
  • Locke Lord LLP
  • USA
  • October 5 2009

Next month, the Community Development Financial Institutions Fund ("CDFI Fund"), a division of the Treasury Department, will award $5 billion of new markets tax credits ("NMTC Allocations") to community development entities ("CDEs"), the vast majority of which are financial institutions, non-profits and governmentally-related entities

Lobbying for 501(c)(3) organizations - tracking political activities under the Tax Code and the Lobbying Disclosure Act
  • Venable LLP
  • USA
  • July 31 2009

501(c)(3) organizations that engage in federal lobbying are subject to at least two separate legal definitions of lobbying in order to comply with applicable federal tax and disclosure laws

Politically active and legally compliant: an election year primer for independent schools
  • Whiteford Taylor & Preston LLP
  • USA
  • September 12 2012

School is back in session, and it’s a Presidential election year

Federal focus on indirect tax arbitrage benefits to colleges and universities: could access to tax-exempt bonds be limited?
  • Latham & Watkins LLP
  • USA
  • May 6 2010

Tax arbitrage, the use of tax-exempt bond proceeds to purchase higher-yield investment assets, is generally prohibited under federal law

IRS interim report on tax-exempt colleges and universities compliance project
  • Latham & Watkins LLP
  • USA
  • May 17 2010

The Internal Revenue Service (IRS) released an interim report on May 7, 2010 summarizing the responses to compliance questionnaires sent to nonprofit colleges and universities in October 2008

IRS denies exemption to local fraternity foundation providing scholarships to chapter members
  • Dinsmore & Shohl LLP
  • USA
  • August 4 2010

The IRS ruled that a foundation formed to provide tuition and room and board scholarships to members of a local fraternity chapter is not entitled to exempt status as a Section 501(c)(3) educational organization

New guidance regarding the grantmaking activities of public charities electing under Code Section 501(h)
  • Faegre Baker Daniels LLP
  • USA
  • 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"

Lobbying for nonprofit organizations - tracking political activities under the Tax Code and the Lobbying Disclosure Act
  • Venable LLP
  • USA
  • July 31 2009

Nonprofit organizations conducting federal lobbying are subject to two separate definitions of lobbying

Common Cause challenges American Legislative Exchange Council's tax-exempt status using whistleblower provisions
  • McGuireWoods LLP
  • USA
  • May 4 2012

Using the whistleblower provisions of the Internal Revenue Code of 1986 (Code or IRC), Common Cause has reported to the IRS what it states is “massive underreporting of lobbying by the American Legislative Exchange Council” (ALEC