The Financial Accounting Standards Board has issued an exposure draft on Topic 958 entitled “Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made.” Public comment is invited but must be received by November 1, 2017.Read More
Fundraising & Nonprofit Report
The Fundraising & Nonprofit Report is published monthly. We give you up-to-date information about the most pressing legal issues related to fundraising and nonprofit organizations.
Charities founded or favored by Hollywood stars like Leonardo DiCaprio and singer, Alicia Keys, are allegedly beneficiaries of more than $200 million in donations from a Malaysian businessman who is being investigated for potential money laundering.Read More
We are pleased to announce the addition of Anna Schall as an attorney with our firm. Anna comes to us from the Missouri Office of Attorney General. She will be working on exempt-organization matters with the firm. Welcome to the firm, Anna!Read More
The state of Florida has elected not to retry the lawyer who was previously convicted of running a $300 million gambling ring using internet cafes operated by a veterans’ nonprofit organization. The appeals court ordered a new trial and the state has declined to prosecute.Read More
The Alabama Ethics Commission has interpreted the state’s ethics law as restricting public officials and state employees, and their family members, from fundraising for charities and other organizations they support including public schools and universities.Read More
A recent court decision declared that the California Attorney General could not require the filing of the Schedule B as part of registration for the plaintiff in the case who demonstrated that its’ supporters were being harassed. This decision is only an “as applied” ruling. It does not invalidate the requirement for other organizations. With the current Attorney General leaving office, it is unclear whether the State will appeal.Read More