Tax-Exempt organizations face a myriad of unique and complex challenges. Perkins Coie lawyers act as trusted advisors to boards of directors and staff leadership for a wide variety of tax-exempt organizations.
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Publications
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12.06.2023Treasury Releases First Installment of Long-Awaited Guidance on Donor-Advised FundsUpdatesOver the past several years, the U.S. Department of the Treasury has been preparing guidance concerning donor-advised funds, which are accounts owned and controlled by public charities over which individual or corporate donors may exercise advisory privileges. In November, Treasury finally released the first of four pieces of guidance that it has told practitioners to expect.
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08.24.2020Political Contributions for the 2020 Election: What Prospective Donors Should KnowUpdatesWith the 2020 elections rapidly approaching, individuals may be considering making contributions to political candidates, campaigns, action committees (PAC), or parties.
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07.14.2020IRS to Target High Net Worth Individuals, Private Foundations, and Associated Entities Beginning in July 2020UpdatesThe Internal Revenue Service (IRS) intends to audit hundreds of high net worth individuals and their related entities starting this month.
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07.13.2016New IRS Notification Requirement for Certain 501(c)(4)sUpdatesThe IRS published temporary proposed regulations on July 12, 2016 that will affect all 501(c)(4) social welfare organizations formed after July 8, 2016.
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06.29.2015NJ Court’s Ominous Property Tax Exemption Warning to HospitalsUpdatesThe Tax Court of New Jersey decided AHS Hospital Corp. v. Town of Morristown, a case of first impression with potentially serious consequences for nonprofit hospitals seeking to qualify under N.J.S.A. 54:4-3.6, a statutory property tax exemption applicable to “[a]ll buildings actually used for . . . hospital purposes.”
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09.25.2013Repeal of Requirements for Arizona Registration of Charities Soliciting Donations in ArizonaUpdatesAs of September 13, 2013, the Arizona Secretary of State is no longer accepting registrations from charities that solicit charitable donations in Arizona. Arizona House Bill 2457 repealed the former Section 44-6552 of the Arizona Revised Statutes.
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02.06.2013Private FoundationsLawyer PublicationsA private foundation is often the vehicle of choice for donors who want to ensure that their charitable goals are realized. The private foundation is particularly attractive because it allows a donor and members of the donor’s family to be involved in the foundation’s management and administration. The features that make private foundations popular with many donors will be explored in the following Update that provides both a general overview of private foundations, as well as a discussion of their advantages, entity structures, types, special rules, tax deductions, and planning and funding considerations.
