Nonprofit Organizations: Cases and Materials Supplement

Nonprofit Organizations: Cases and Materials Supplement

Paperback(REV)

$16.00

Product Details

ISBN-13: 9781599413785
Publisher: West Academic Publishing
Publication date: 07/28/2007
Series: University Casebook Series
Edition description: REV
Pages: 97
Product dimensions: 7.10(w) x 9.80(h) x 0.40(d)

Table of Contents


Preface     iii
Introduction     1
An Overview of the Nonprofit Sector     1
Introduction     1
Charity, Philanthropy and Nonprofit Organizations: A Historical Introduction     2
Note: Social Enterprise Organizations     2
Organization and Operation of Non-Profit Organizations-the State Perspective     4
Operation and Governance     4
Fiduciary Obligations     4
The Duty of Care     4
Investment Responsibility     6
Executive Compensation     9
Taxation of Charitable Organizations     10
Tax Exemption: Charitable Organizations     10
Affirmative Requirements for Charitable Tax Exemption     10
Application for [section] 501(c)(3) Exemption     10
The Meaning and Scope of Charity     10
Hospitals and Other Health Care Organizations     10
Credit Counseling Organizations     11
The Public Policy Limitation     14
Inurement, Private Benefit and Intermediate Sanctions     14
Intermediate Sanctions on Excess Benefit Transactions     14
Limitations on Lobbying and Political Campaign Activity     16
Political Campaign Limitations     16
Revenue Ruling 2007-44     16
Procedural Issues     28
Information Returns and Disclosure Requirements     28
Commercial Activities and Unrelated Business Income     31
Exclusions from Unrelated Business Taxable Income     31
Private Foundations     32
The Universe of Private Foundations     32
The Distinction Between Private Foundations and Public Charities: Historical Origins     32
Private Foundation Alternatives     32
Donor-Advised Funds     32
Note: A New Regulatory Regime for Donor-Advised Funds     32
Pass-through Foundations and Pooled Common Funds     34
The Federal Tax Treatment of Private Foundations: An Overview     34
The Tax Definition of a Private Foundation     34
Private Foundation Excise Taxes     34
Avoiding Private Foundation Status: The Details     35
Supporting Organizations: [section] 509(a)(3)     35
2006 Legislation     35
Private Foundation Excise Taxes     39
Tax on Investment Income     39
Self-Dealing: [section] 4941     40
Charitable Distribution Requirements: [section] 4942     40
Excess Business Holdings: [section] 4943      41
Jeopardy Investments: [section] 4944     43
Taxable Expenditures: [section] 4945     43
Regulation of Donor-Advised Funds     44
Definitions     44
Taxable Distributions     45
Intermediate Sanctions     46
Prohibited Benefits     47
Excess Business Holdings Rules     47
Deductibility of Contributions     47
Reporting and Disclosure     48
Lingering Policy Questions     48
Charitable Contributions     49
Introduction     49
Policy Issues     49
Charitable Contributions: Basic Principles     49
Qualified Donees     49
International Giving     49
Substantiation and Compliance Rules     50
Noncash Contributions     50
Ordinary Income Property     50
Note: 2006 Legislation - Certain Gifts of Ordinary Income Property     50
Tangible Personal Property     51
Partial Interests (Not in Trust)     52
Qualified Conservation Contributions     53
Valuation and Appraisal Requirements     53
Statutes and Regulations Appendix     55
Internal Revenue Code of 1986
[section] 170. Charitable, etc., contributions and gifts     55
[section] 501. Exemption from tax on corporations, certain trusts, etc.     70
[section] 509. Private foundation defined     74
[section] 512. Unrelated business taxable income     76
[section] 4943. Taxes on excess business holdings     77
[section] 4958. Taxes on excess benefit transactions     80
[section] 4966. Taxes on taxable distributions     84
[section] 4967. Taxes on prohibited benefits     88

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