Proposed New York Regulations Would Limit Executive Compensation by Mintz Levin - Employment, Labor & Benefits on 5/23/2012 On May 16th, Governor Cuomo announced the issuance of proposed regulations by several New York State agencies which limit administrative costs and executive compensation for entities receiving State funding or...more
Groups Sponsoring Electioneering Communications Must Disclose All Donors Pending Appeal of District Court Order by Venable LLP on 5/22/2012 Advocacy groups and trade associations that fund political advertisements may be compelled to make heightened donor disclosures as a result of recent litigation. The expanded disclosure requirements apply to “electioneering...more
IRS Zeroing in on Auditing Ivy League Schools by Darrin Mish, Tampa Tax Attorney on 5/21/2012 The IRS has been probing more than 30 state schools and private nonprofit schools such as Harvard University in its latest efforts to ensure tax compliance. The latest blue chip university to be investigated is Cornell...more
Legally Operating a Medical Marijuana Business in California by Ashley C L Brown on 5/19/2012 Pursuant to California law, medical marijuana businesses legally are allowed to operate in the state. However, there are conflicts in the laws and confusion about what is and is not permitted. This article provides some...more
HHS Mandated Employer Health Insurance Requirements Begin August 1, 2012 - Do you need to comply? by Gammon & Grange, P.C. on 5/18/2012 This week, the Franciscan University of Steubenville became the first university to cease offering health insurance to its students in response to what has become known as the "HHS Mandate." As many religious employers are...more
In-License Agreements With Nonprofits: 5 Considerations by Mintz Levin on 5/17/2012 Originally publish in Law360, New York (May 15, 2012, 1:01 PM ET) Many of the most successful and profitable technologies being developed and commercialized by technology-based companies, particularly in the areas of...more
Nonprofit Contracts: Best Practices, Negotiation Strategies, Practical Tips, and Common Pitfalls by Venable LLP on 5/17/2012 In this presentation: - Contracting Trends - Identifying Risks - Negotiating Contracts - Key Contract Provisions - Managing the Internal Contracting Process - The Top “Take-Aways” Please...more
New York Legislature Rejects Proposal to Grant Health Commissioner Authority to Appoint Board Members and Operators of... by Proskauer - Not for Profit/Exempt... on 5/17/2012 Earlier this year, Governor Andrew Cuomo proposed changes to the New York Public Health Law which would have given the Commissioner of the Department of Health the power to remove managers of hospitals, diagnostic and...more
IRS Issues New Guidance to Private Foundations on Program Related Investments by Sheppard Mullin Richter & Hampton LLP on 5/16/2012 The IRS recently issued proposed regulations that provide new examples that illustrate what types of investments qualify as "program-related investments" (PRIs). These new examples are based on published guidance and on...more
IRS to Focus on Housing Counseling Agencies by Venable LLP on 5/16/2012 Earlier this year, the Internal Revenue Service’s (“IRS”) Exempt Organizations (“EO”) division unveiled its annual work plan. The plan highlights EO’s priorities for the year and is the best indicator of what the staff will...more
Tax-Exempt Organizations the Focus of Upcoming Congressional Hearings by Venable LLP on 5/11/2012 The U.S. House of Representatives’ Ways and Means Subcommittee on Oversight announced yesterday that it will hold a series of hearings on the tax-exempt sector and IRS oversight of tax-exempt activities. The first hearing...more
Marketing for a Good Cause? A Great Idea but Watch Out for Regulations by Sheehan Phinney Bass + Green PA on 5/11/2012 A cause marketing venture (also known as a "charitable sales promotion" or "commercial co-venture") is generally defined as a sales campaign in which part of the consumer's purchase of a product or service from a business -...more
Proposed Regulations Offer New Examples of Program-Related Investments by Morgan Lewis on 5/11/2012 New examples describe additional charitable purposes and investment structures for PRIs. The Internal Revenue Service (IRS) and the Treasury Department have issued long-awaited proposed Treasury Regulations providing...more
"Purely Public Charities" in Pennsylvania. Back to the future – again. by Saul Ewing LLP on 5/10/2012 A recent Pennsylvania Supreme Court decision has rekindled the issue of what constitutes a "purely public charity" for real estate tax exemption purposes in Pennsylvania. The decision may lead to a renewed interest of school...more
The Top Ten Things You Need to Know about the New District of Columbia Nonprofit Corporation Act by Venable LLP on 5/10/2012 On January 1, 2012, the District of Columbia Nonprofit Corporation Act of 2010 (the “New Act”) went into effect. As a general rule, the New Act provides D.C. nonprofit corporations with considerable flexibility to structure...more