JUNE 2018

European Union/United Kingdom

If your organization has website visitors, donors, members, or others in the EU/UK that provide the organization with personal information and data, it is not too late to attempt to come into compliance with the General Data Protection Regulation (GDPR) which went into effect on May 25, 2018. There is a plethora of resources out there which attempt to explain the regulation and provide some level of guidance on complying. Most of these resources are a bit confusing, especially for United States entities that may receive information, knowingly or unknowingly, from residents of the EU or UK. Should you have any questions about this, please do not hesitate to contact Greg Lam of the firm.

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MAY 2018

According to The Associated Press, the organization, Wounded Warriors Foundation, has agreed to pay restitution and civil penalties in the amount of $250 after the New York Attorney General found that it sold $4,200 in raffle tickets without ever holding a raffle or providing any of the monies raised to veterans. The organization must now dissolve or register as a charity.

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APRIL 2018

A proposal authorized by Representative Mike Kelly (R-Penn.), and Representative Stephanie Murphy (D-Fla.), would require tax exempt organizations to file electronically with the federal government and have the IRS make those records public. The sponsors of the bill, which was backed by the National Association of State Charity Officials, believe that the changes would lead to less fraud and more transparency and give federal and state authorities more ability to target fraudulent charities.

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MARCH 2018

As in many states, politics in Missouri can be quite entertaining. In this case, the Attorney General has launched an inquiry into Governor Eric Greitens’ veteran charity which places the Republican Party’s top senate recruit in Missouri on a potential collision course with the state’s Republican governor. The governor is currently facing a felony indictment in St. Louis over an alleged black mailing.

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DECEMBER 2017

The impact of tax reform on the charitable community cannot yet be known, but the prospects are not good. The legislation doubles the standard deduction which will result in fewer people itemizing when they file their tax returns. Those who itemize are far more likely to make a charitable Contribution because there is a savings as a result of the deduction the government gives to the final tax bill. The result is that there is less of an incentive to make charitable contributions, at least from the standpoint of obtaining tax-savings.

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