The Donald J. Trump Foundation, which was been mired in a 2016 lawsuit brought by the New York Attorney General, will be dissolved pursuant to an agreement dated December 18, 2018 and court supervision.  This nonprofit’s dissolution has a general teaching for nonprofit board members: take board meetings seriously! One of the primary complaints brought by the attorney general alleges that the board of directors breached their fiduciary duty by not meeting for 19 years. The board members are Donald Trump, his three adult children (Ivanka, Donald Jr., and Eric) and the Trump Organization’s CFO, Allen Weisselberg. The most......


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March 12, 2018

Updates to the 1023

In December 2017, the IRS released the new 1023 Application for Recognition of Exemption (often referred to as the “1023”): the form by which nonprofits can apply for 501(c)3 tax-exempt...

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