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Department of Education Proposes Rules Increasing Student Loan Risk to Schools
  • McGuireWoods LLP
  • USA
  • June 15 2016

On June 13, the Department of Education (DOE) proposed new rules relating to effective discharges of student loans. The proposed rules should be of


The problems with inflating class settlements - Klier v. Elf Atochem Inc.
  • McGuireWoods LLP
  • USA
  • October 4 2011

While it remains popular among settling lawyers and courts, the doctrine of cy pres in class actions (where defendants wind up paying charities with an ostensible link to the gravamen of a lawsuit) has been garnering criticism for some time


Donor advised funds: a popular way to give to charity
  • McGuireWoods LLP
  • USA
  • January 30 2015

In recent years, donor advised funds have become a popular alternative to private foundations and supporting organizations for many donors. Donor


Congressional proposals for nonprofit tax breaks and extenders
  • McGuireWoods LLP
  • USA
  • March 3 2015

In February, the House of Representatives passed several tax bills and the Senate Finance Committee approved several tax bills that, if ultimately


How would President Obama’s budget affect charities?
  • McGuireWoods LLP
  • USA
  • April 22 2013

The Obama Administration released its budget proposal for 2014 on April 10, 2013, calling for nearly $250 billion in new spending on jobs, public


Three things to know about joint operating agreement transactions
  • McGuireWoods LLP
  • USA
  • June 26 2013

The nonprofit healthcare industry in the United States is in the midst of significant change. A variety of different operational arrangements are


Cy pres & the Optimal class action
  • McGuireWoods LLP
  • USA
  • July 25 2013

Cy pres relief remains controversial among courts , but it's like catnip to legal academics. Now, Notre Dame professor Jay Tidmarsh has published his


The Non-Profit Revitalization Act of 2013 overhauls New York nonprofit corporation law
  • McGuireWoods LLP
  • USA
  • October 3 2013

Both houses of New York's legislature this spring unanimously passed The Non-Profit Revitalization Act of 2013, (NY S.5845A.8072) (the "Act"), a


Tax classification of charitable organizations: a primer
  • McGuireWoods LLP
  • USA
  • December 2 2014

A charitable organization is exempt from federal income tax under section 501(a) of the Internal Revenue Code (the Code) if it is described in


Executive compensation continues to be a hot button compliance issue for charitable organizations
  • McGuireWoods LLP
  • USA
  • December 19 2014

Over the last decade, the IRS has assumed a broader role in the governance of tax-exempt organizations and embraced the view that transparency leads