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Assembly bill 792: removing the term “avoid speculation” from California’s statute for investments of nonprofit public benefit corporations
  • Davis Wright Tremaine LLP
  • USA
  • August 11 2015

Assembly Bill 792 (AB 792) addressing investment standards for nonprofit public benefit and religious corporations was recently signed by Governor

Budget 2015 for charities
  • Berwin Leighton Paisner LLP
  • United Kingdom
  • August 6 2015

George Osborne’s budget of 8 July 2015 contained very few measures that would have a specific impact on charities, although a number of the more

IRS clarifies financial assistance policy requirements for charitable hospital organizations
  • Locke Lord LLP
  • USA
  • July 20 2015

The Internal Revenue Service (IRS) has clarified the requirements for charitable hospital organizations required to adopt a financial assistance

Court ruling with a deterrent effect imposing personal liability on directors of an Israeli Non-Profit Organization (NPO)
  • Barnea & Co
  • Israel
  • July 5 2015

In May 2015, the Jerusalem District Court issued a judgment imposing personal liability in light of lawful conduct of the affairs of an NPO, on the

Advisory Committee on Tax Exempt and Government Entities (ACT) releases public report
  • Bryan Cave LLP
  • USA
  • June 26 2015

The 14th report of recommendations of the Advisory Committee on Tax Exempt and Government Entities (ACT) addresses five issues: Employee Plans:

IRS clarifies charitable hospital provider list requirement
  • Steptoe & Johnson LLP
  • USA
  • June 26 2015

Today, the IRS and the Treasury Department released Notice 2015-46, which provides clarification with respect to how a charitable hospital

Co-branding credit cards with charities: commercial co-venture issues
  • Davis Wright Tremaine LLP
  • USA
  • June 26 2015

A cobranded credit card program in which the "merchant" is in fact a charity may be subject to special rules relating to the regulation of

The State AG Report Weekly Update September 10, 2015
  • Cozen O'Connor
  • USA
  • September 10 2015

Michigan AG Bill Schuette ordered Childhood Leukemia Inc. (“CLF”) to cease and desist unsolicited phone calls to Michigan residents and issued a

The State AG report weekly update September 3, 2015
  • Cozen O'Connor
  • USA
  • September 3 2015

New York AG Eric Schneiderman reached a settlement with the former trustees of Homeland Foundation, Inc., a general charitable organization that

Guindon v. Canada: Supreme Court of Canada upholds administrative penalties in leveraged donation scheme
  • Borden Ladner Gervais LLP
  • Canada
  • September 8 2015

In the recent decision of Guindon v. Canada, 2015 SCC 41, the Supreme Court of Canada ruled that administrative penalties assessed against Julie