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For Nonprofits, May 17 Tax Deadline Prompts A 'Start Of The Year' Review – Part II | Fox Rothschild LLP


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This is the second of a two-part Alert to guide nonprofit organizations in preparing for upcoming filing deadlines and implementing best practices for the onset of a fiscal year.
In Part I of the Alert, we discussed Form 990/Form 990-PF requirements, Solicitation of Funds registration requirements, Change in Officer/Director notification requirements, and appropriate insurance coverage.
In Part II, we focus on written acknowledgements, quid pro quo disclosures, potential bylaw amendments and potential modifications to corporate records.
Written Acknowledgements and Quid Pro Quo Disclosures
A written acknowledgment is the documentation your nonprofit organization must give a donor when a donor provides a donation over a certain value. If the donor does not receive goods or services in exchange for the donation, then the acknowledgement must state that no goods or services were provided to the donor. If ....

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Facebook's Housing Echo Chamber


Facebook’s Housing Echo Chamber
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PERSPECTIVE-In 2019, I reported in 48 hills that the Chan Zuckerberg Initiative was using mega-grants to shape California housing law and policy.
CZI gave Enterprise Community Partners $500,000 to draft and then lobby for Assemblymember David Chiu’s AB 1487, the law that authorized the Metropolitan Transportation Commission to become a one-stop regional planning agency overseeing transportation and housing and to levy taxes on the nine-county Bay Area; CZI formally endorsed that bill. 
CZI also gave the Terner Center for Housing Innovation at UC Berkeley nearly a million dollars: $440,000 for unspecified uses and $500,000 to start a Housing Lab essentially, a development incubator under the aegis of the celebrated public university.  ....

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