The proposed One Big Beautiful Bill Act (OBBBA) introduces sweeping tax changes that will significantly impact nonprofit organizations. While the bill aims to encourage charitable giving through a new universal deduction...more
On June 26, 2025, Rhode Island enacted Bill 579 SUB A, Chapter 41, establishing new compliance and reporting requirements for nonprofit organizations operating within the state. Aimed at enhancing transparency and...more
Rhode Island nonprofits holding sales tax exemption certificates are reminded to file their renewal applications before the upcoming deadlines to maintain their tax-exempt status and comply with updated requirements. Sales...more
OpenAI, an artificial intelligence research nonprofit, has recently garnered media attention for considering a restructuring strategy involving the formation of a taxable subsidiary....more
The Massachusetts legislature and Governor Healey recently passed into law An Act Relative to Strengthening Massachusetts’ Economic Leadership (the “Act”). The Act provides significant changes in the nonprofit space which...more
Under the Inflation Reduction Act (IRA), nonprofit entities, including nonprofit independent schools, are now eligible to receive payment in lieu of tax credits for solar photovoltaic (PV) systems. This extension of the IRA...more
For many charitable institutions, accepting gifts subject to certain donor-imposed restrictions is in the normal course of business. While these restricted funds are quite common, their usefulness can occasionally become...more
Whether you run a nonprofit or serve on the Board, you have a responsibility to make sure the organization is both in compliance to weather the storm and take advantage of growth opportunities. There never seems to be enough...more
12/7/2022
/ Annual Filings ,
Audits ,
Best Practices ,
Board of Directors ,
Collateralized Debt Obligations ,
Compliance ,
Conflicts of Interest ,
Disclosure Requirements ,
Employment Policies ,
Executive Compensation ,
Grants ,
Insurance Industry ,
Investment ,
Liability ,
Nonprofits ,
Policies and Procedures ,
Sick Leave ,
Whistleblower Protection Policies
On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). The CARES Act benefits nonprofit organizations. The below summary contains highlights of several applicable...more
4/2/2020
/ CARES Act ,
Charitable Donations ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Educational Institutions ,
Employee Retention ,
Financial Stimulus ,
Loan Forgiveness ,
Loans ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
Tax Credits
501(c)(3) Nonprofit Organizations Update: CARES Act and Importance of Developing Comprehensive Charitable Giving Opportunities During COVID-19 Pandemic
On March 27, President Trump signed into law the Coronavirus Aid,...more
You are ready to join a nonprofit board so you can help support the good work that it does. Do you know the risks associated with serving in this important role?
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