Gene TakagiFeb 12, 2025
NEW: H.R. 9495: What’s Next? https://nonprofitlawblog.com/h-r-9495-whats-next/ #nonprofitlaw
H.R. 9495: What’s Next?

In a post published on November 19, 2024, we described H.R. 9495, the Stop Terror-Financing and Tax Penalties on American Hostages Act that passed the U.S. House of Representatives mostly along par…

Nonprofit Law Blog
Gene TakagiFeb 2, 2025
2025 Western Conference on Tax Exempt Organizations https://nonprofitlawblog.com/2025-western-conference-on-tax-exempt-organizations/ #WCTEO #nonprofitlaw
2025 Western Conference on Tax Exempt Organizations

The 28th Annual Western Conference on Tax-Exempt Organizations (WCTEO), my #1 go-to conference every year for the past 19 years, will be held in Los Angeles on Thursday, February 27, and Friday, Fe…

Nonprofit Law Blog
us_theconversationJan 28, 2025
#OpenAI, the nonprofit tech company that created the popular ChatGPT chatbot, is at a crossroads. The leadership team is reportedly taking steps to transform it into a for-profit company. Here are a few of the pitfalls:
https://buff.ly/4923x8Z
#nonprofitlaw
https://buff.ly/4923x8Z
Legal complications await if OpenAI tries to shake off control by the nonprofit that owns the rapidly growing tech company

When for-profit companies are spun out of nonprofits, there is no easy way out of the legal consequences.

The Conversation
The Conversation U.S.Nov 22, 2024
OpenAI, the nonprofit tech company that created the popular #ChatGPT chatbot, is at a crossroads. The leadership team is reportedly taking steps to transform it into a for-profit company. Here are a few of the pitfalls:
https://buff.ly/3Z0R8xK
#regulation #nonprofitlaw #nonprofits #AI
Legal complications await if OpenAI tries to shake off control by the nonprofit that owns the rapidly growing tech company

When for-profit companies are spun out of nonprofits, there is no easy way out of the legal consequences.

The Conversation
Gene TakagiNov 4, 2024
Charitable: Defending Human and Civil Rights https://nonprofitlawblog.com/charitable-defending-human-and-civil-rights/ #nonprofitlaw
Charitable: Defending Human and Civil Rights

Charitable purposes under IRC Section 501(c)(3) include the the promotion of social welfare by organizations designed to defend human and civil rights secured by law. The IRS Exempt Organizations T…

Nonprofit Law Blog
Gene TakagiSep 16, 2024
2024 IRS Resources for Supporting Organizations
https://nonprofitlawblog.com/2024-irs-resources-for-supporting-organizations/ #nonprofitlaw
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 organizati…

Nonprofit Law Blog
Gene TakagiSep 9, 2024
EW: Spending from an Endowment https://nonprofitlawblog.com/spending-from-an-endowment/ #nonprofitlaw
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 Insti…

Nonprofit Law Blog
Gene TakagiMar 6, 2024
Highlights from the 2024 Western Conference on Tax Exempt Organizations (WCTEO) https://nonprofitlawblog.com/wcteo-2024-highlights/ #nonprofitlaw
WCTEO 2024 Highlights

The following are just some of the many highlights from the 2024 Western Conference on Tax Exempt Organizations (WCTEO). Because of a change in the timing of the WCTEO from late fall to l…

Nonprofit Law Blog
Gene TakagiFeb 10, 2024
Highlights from the ABA Exempt Organizations Committee Meeting 1/19/2024 https://nonprofitlawblog.com/highlights-from-the-aba-exempt-organizations-committee-meeting-1-19-2024/ #nonprofitlaw
Highlights from the ABA Exempt Organizations Committee Meeting 1/19/2024

Here are some of the highlights from the American Bar Association Exempt Organizations Committee meeting held on January 19, 2024 as part of the ABA Midyear Tax Meeting. Thanks to all who looked af…

Nonprofit Law Blog
Gene TakagiFeb 2, 2024
2024 Western Conference on Tax Exempt Organizations https://nonprofitlawblog.com/2024-western-conference-on-tax-exempt-organizations/ #WCTEO #nonprofitlaw #nonprofitaccounting
2024 Western Conference on Tax Exempt Organizations

The 27th Annual Western Conference on Tax-Exempt Organizations (WCTEO), my #1 go-to conference every year for the past 18 years, will be held on February 29 and March 1, 2024 at The California Endo…

Nonprofit Law Blog