Angela asks: What happens when you have a nonprofit foundation that does not follow their own bylaws, does not vote on anything, and board members are added and deleted at the whim of the President with no votes on anything…
Lori asks: I’m head of a board for a 501(c)(3) where the only employee is also the president and founder of the organization. Her salary is currently 20 percent of our budget and she is asking for a large increase…
Foundation Group’s CEO, Greg McRay, was interviewed on the New Year’s Day episode of The Balancing Act on Lifetime Television. Co-host Julie Moran talked with Greg about the what’s involved with starting a nonprofit. It was a lot of fun…
Guest Post by Sr. Director of Customer Acquisition at Kindful:
Nonprofit compliance can be complicated business. That’s been true for as long as there has been a Section 501(c)(3) in the US tax code. That complexity has only gotten more burdensome since the states have stepped up their solicitation registration…
When it comes to the intersection of estate planning, charity, and philanthropy, there are many things that must be considered. It may be estate tax concerns, leaving an inheritance to your family, or creating a lasting legacy of giving that…
When it comes to establishing an appropriate philanthropic vehicle, the two most often chosen are Private Foundations (PF) and Donor Advised Funds (DAF). Both have their distinct advantages, as well as some drawbacks. DAFs have become increasingly popular over the…
Good news from the IRS usually sounds like the beginning of a funny joke…but not this time. In an unexpected move, the IRS announced in late January a revised filing fee schedule for applicants for 501(c) status. Most applicants will…
You have seen the videos from stores during Black Friday: mass amounts of people funneling into a store to grab anything and everything they can. People go on day-long shopping sprees to cross off everything on their list for the…
If an organization is planning to conduct any type of activity outside its incorporated state, certain measures need to be taken to maintain state-level compliance. An organization must have a clear understanding of what it is planning so it can…