Besides conducting related business activity and earning income through passive strategies, nonprofits can simply earn income through unrelated business activity. Unrelated business activity is exactly what it sounds like: activity...
The next option for earning income that every nonprofit should know about is income exempt from unrelated business income tax. While there are quite a few exceptions, the key exception...
Contrary to popular belief, a nonprofit can (and maybe even should) make a profit from its business activities. Depending on what the activity is, a nonprofit 501(c)(3) organization may not...
It’s no secret that charitable resources are limited and hard to come by for small nonprofit organizations. Many foundations and grant making entities, in fact, advise nonprofits to develop long...
It’s no doubt that the novel coronavirus (COVID-19) has introduced a high level of panic for local businesses, especially with many big companies facing large-scale work force consequences due to...
Fun Fact: Did you know that one of the largest food product distributors in the world is also owned by a 501(c)(3) tax exempt organization? The Newman’s Own Foundation (a...
Are for-profit companies incentivized to do good? Specifically, does the law incentivize the creation of Social Purpose Corporations? We’ve talked a lot about Social Enterprises on this blog. I encourage...
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,...