This course focuses on the federal and state legal issues affecting nonprofit organizations likely to be confronted by nonprofit managers. The course will cover a broad range of legal issues and underlying policies contained in tax law, constitutional law, trust law, contract law, and state corporate law that govern nonprofit organizations and the individuals who manage nonprofit organizations.
Specific topics to be covered include some of the following:
- The issues involved in obtaining and maintaining nonprofit corporate status and tax-exempt status
- Creating and dissolving nonprofit organizations
- The choice of form of entity
- Fiduciary responsibilities of those governing nonprofit organizations
- Setting appropriate executive compensation
- Restrictions on political and lobbying activities of nonprofit organizations and how to create an effective lobbying campaign within those restrictions
- Issues that arise when charities use the internet
- The unrelated business income tax
- Private foundation status and how and why to avoid it
- Charitable giving rules
- Solicitations of charitable contributions
The purpose of the course is to familiarize nonprofit managers with the restrictions and opportunities that the law provides which impact the effective management of nonprofit organizations. Although the course will touch on several types of nonprofit organizations, the focus will be on charities exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code.