Many nonprofits do not distinguish between the two types of legal committees under the California Nonprofit Corporation Law: board committees and committees that are not board committees (“other committees”). Sometimes, there may be no issues raised by conflating these two different bodies within a nonprofit corporation. But other times,...
Nonprofit Resources of the Week – 9/29/24
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Show How Your Nonprofit Is Making a Difference: 10 Dos and Don’ts (Lisa Schohl, Chronicle of Philanthropy) One in Five Nonprofit Workers...
Some Highlights from the 2024 SSIR Nonprofit Management Institute – Day One
I had the pleasure of attending and speaking at the 2024 Nonprofit Management Institute – What’s Next for the Social Sector? – hosted by the Stanford Social Innovation Review. The future is uncertain. But that doesn’t mean you can’t prepare for it, or help to shape it. At this year’s Nonprofit Management...
Nonprofit Resources of the Week – 9/22/24
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Nonprofits, Legal Experts React to the Fearless Fund Decision to Shutter Grant Program to Black Entrepreneurs (Alex Daniels, Chronicle of Philanthropy) [Ed....
2024 IRS Resources for Supporting Organizations
The IRS recently published three Technical Guides on supporting organizations, one for each of the types describing the relationship between the supporting organization and its supported organization(s). A supporting organization (“SO”) is described in Section 509(a)(3) of the Internal Revenue Code as a category of 501(c)(3) organizations that does...
Nonprofit Resources of the Week – 9/15/24
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Fearless Fund settles with DEI foes, ends grant program for Black women (Julian Mark and Taylor Telford, Washington Post) Fearless Fund Drops...
Spending from an Endowment
We have previously written about prudent investment rules that apply to charities with respect to their institutional funds (including endowment funds) under the Uniform Prudent Management of Institutional Funds Act (UPMIFA), including here. One of the important factors in selecting and managing investments is the amount that is intended...
Nonprofit Resources of the Week – 9/8/24
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: The state of diversity in the U.S. nonprofit sector (Clerkin, C., Diomande, M., Koob, A., Candid) Proposed Restrictions on Foreign Grantmaking by...
Prudent Investments: UPMIFA and Climate Change
Charitable nonprofits organizations (“charities”) are subject to state prudent investment laws as we have previously written about here. The most important of these laws is the Uniform Prudent Management of Institutional Funds Act (UPMIFA) applicable in 49 states (all except Pennsylvania) and DC. UPMIFA and Management and Investment Factors...
Nonprofit Resources of the Week – 9/1/24
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Understanding “New Power” (Jeremy Heimans and Henry Timms, Harvard Business Review) Nonprofit Explorer Now Shows Which Organizations Are Trending (Brandon Roberts, Pro...