Authors: Hopkins
ISBN-13: 9780471680000, ISBN-10: 0471680001
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: August 2004
Edition: REV
BRUCE R. HOPKINS is the countrys leading authority on tax-exempt organizations and is a lawyer with the firm Polsinelli, Shalton & Welte, PC. He is also the author of fifteen books, including The Law of Intermediate Sanctions; The Legal Answer Book for Private Foundations; The First and Second Legal Answer Book for Nonprofit Organizations; The Law of Tax-Exempt Organizations, Eighth Edition; Private Foundations: Tax Law and Compliance, Second Edition; and The Tax Law of Charitable Giving, Third Edition, as well as the newsletter Bruce R. Hopkins Nonprofit Counsel, all published by Wiley.
Whether you are a nonprofit novice or the director of an established organization, this must-have guide to nonprofit law contains all the information you need to succeed, thrive, and protect your nonprofit's tax-exempt status. This practical reference offers you information on virtually every legal aspect of starting and operating a nonprofit organization—from receiving and maintaining tax-exempt status to tips for successful management practices. Completely revised and expanded, the third edition features updated information on changes in law, rules, and regulations governing the nonprofit sector, and provides you with clear information on corporate, tax, and fundraising laws.
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This guide to nonprofit law covers most of the legal aspects of starting and operating a nonprofit organization. It provides guidance on the rules and regulations governing nonprofit organizations, including tax, corporate, and fund-raising applications and implications. Information on reporting revenue, private benefits, personal liability, charitable giving rules, employee compensation, lobbying, and for-profit subsidiaries is also included. Hopkins is a lawyer with a private firm. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Preface vii
Acknowledgments xiii
Part 1 Starting a Nonprofit Organization 1
Chapter 1 What Is a Nonprofit Organization? 3
Chapter 2 Starting a Nonprofit Organization 13
Chapter 3 Debunking Some Myths and Misperceptions 25
Part 2 Being Nonprofit, Legally 33
Chapter 4 Nonprofit Organizations: Much More than Charity 35
Chapter 5 Nonprofits and Private Benefit 51
Chapter 6 From Nonprofit to Tax-Exempt 67
Chapter 7 Charities: Public or Private? 83
Chapter 8 Governance: Board Duties and Liabilities 97
Chapter 9 Braving Annual Reporting 115
Chapter 10 Tax Exemption: Not a Paperwork Exemption 125
Chapter 11 Charitable Giving Rules 135
Chapter 12 Government Regulation of Fundraising 153
Part 3 Tax-Exempt Organizations Can Be Taxable, and So Can Their Managers 173
Chapter 13 Related or Unrelated? 175
Chapter 14 Lobbying Constraints-And Taxes 191
Chapter 15 Political Campaign Activities-And More Taxes 203
Chapter 16 Donor-Advised Funds, Tax-Shelters, Insurance Schemes-And Still More Taxes 211
Part 4 Helpful Hints and Successful Techniques 217
Chapter 17 Subsidiaries: For-Profit and Nonprofit 219
Chapter 18 Joint Venturing and Other Partnering 229
Chapter 19 Wonderful World of Planned Giving 237
Chapter 20 Putting Ideas into Action 245
Part 5 Sidestepping Traps 255
Chapter 21 Watchdogs on the Prowl 257
Chapter 22 Potpourri of Policies and Procedures 271
Chapter 23 Commerciality, Competition, Commensurateness 287
Chapter 24 IRS Audits of Nonprofit Organizations 297
Chapter 25 Avoiding Personal Liability 315
Epilogue 321
Glossary 327
Index 339