Nonprofit Law for Colleges and Universities (eBook)

BRUCE R. HOPKINS is a senior partner with the firm Polsinelli Shughart PC. He is the author or coauthor of thirty books, including The Law of Tax-Exempt Organizations, Tenth Edition; Planning Guide for the Law of Tax-Exempt Organizations; The Tax Law of Charitable Giving, Fourth Edition; and The Law of Fundraising, Fourth Edition, as well as the monthly newsletter Bruce R. Hopkins' Nonprofit Counsel, all published by Wiley. VIRGINIA C. GROSS is a shareholder with the law firm Polsinelli Shughart PC. She concentrates her practice on counseling nonprofit organizations on their tax-exempt and nonprofit law matters. She has coauthored two other books for Wiley, Nonprofit Governance: Law, Practices, and Trends and The New Form 990: Law, Policy, and Preparation. Virginia is a frequent writer and speaker on nonprofit law topics. THOMAS J. SCHENKELBERG is chair of the Polsinelli Shughart's Nonprofit Organizations Practice Group. His clients include national hospital systems, research organizations, private foundations, colleges, universities, associations, social welfare organizations, PACs, and governmental entities. He is a frequent writer and speaker on nonprofit law topics.

Preface.

About the Authors.

Chapter 1 Nonprofit Organizations Law Generally.

Nonprofit Law Basics.

Federal Tax Law Basics.

Chapter 2 Nonprofit Educational Organizations.

Education Law Basics.

Demographics.

Nonprofit Law Basics.

Chapter 3 Acquiring and Maintaining Tax-ExemptStatus.

Nonprofit and Tax-Exempt Entities.

Exemption Application Basics.

General Procedures.

Application Form 1023.

Form 1023, Schedule B.

Group Exemption.

Chapter 4 Acquiring and Maintaining Public CharityStatus.

Public Charity Law in General.

Supporting Organizations in General.

Type III Supporting Organizations.

General Supporting Organization Questions.

Donor-Advised Funds.

Chapter 5 Governance.

Chapter 6 Private Inurement, Private Benefit, and ExcessBenefit Transactions.

Introduction.

Private Inurement.

Private Benefit.

Intermediate Sanctions.

Chapter 7 Executive Compensation.

Concept of the Executive.

Payment of Reasonable Compensation.

Executive Compensation and the Governing Board.

Chapter 8 Legislative Activities.

Expenditure Test.

Social Welfare Organizations.

Trade, Business, and Professional Associations.

Reporting Requirements.

Chapter 9 Political Campaign Activities.

Basic Federal Tax Law Rules.

IRS Enforcement Efforts.

Federal Election Laws.

Reporting Requirements.

Chapter 10 Endowment Funds.

Endowment Fund Basics.

Demographics.

Endowment Fund Management.

Endowment Fund Investments.

Endowment Fund Distributions.

Endowment Fund Criticisms.

Chapter 11 Scholarships, Fellowships, and Other StudentAssistance.

Scholarship and Fellowship Law.

Other Student Assistance Programs.

Chapter 12 Charitable Giving Rules.

Charitable Giving Rules Basics.

Percentage Limitations.

Conditional, Unrestricted, and Restricted Gifts.

Unique Forms of Donors.

Special Gift Situations.

Charity Auctions.

Planned Giving.

Charitable Remainder Trusts.

Pooled Income Funds.

Charitable Gift Annuities.

Charitable Lead Trusts.

Other Gifts of Remainder Interests.

Chapter 13 Fundraising Regulation.

Federal Law Requirements.

State Law Requirements.

Chapter 14 Unrelated Business Activities in General.

General Unrelated Business Rules.

Basic Rules.

Debt-Financed Property Rules.

Other Unrelated Business Rules.

Chapter 15 Contemporary Application of the Unrelated BusinessIncome Rules.

Chapter 16 Entity Planning.

Joint Venture Basics.

Partnerships and Limited Liability Companies.

Tax-Exempt Organizations and Joint Ventures.

Tax-Exempt Organizations, Partnerships and Limited LiabilityCompanies.

Information Reporting.

Chapter 17 Annual Information and Other Returns.

General Requirements.

Return Contents.

Unrelated Business Income Tax Returns.

Accounting Methods and Financial Statements.

Changes in General Operations.

Public Inspection and Recordkeeping Requirements.

Sanctions.

Chapter 18 Disclosure and Distribution Rules.

Annual Information Returns.

Exemption Applications.

Disclosure and Distribution Sanctions.

Provision of Goods And Services.

Fundraising Disclosure.

Other Documents and Requirements.

Index.