November 16-30, 2005
Last Issue: November 1-15, 2005
Senate Approves Limits on Charities,
Incentives for Charitable Giving
Measures must be approved by the House
before they can become effective
Full Article (free)
Clinton Foundation Is “Legitimate Business
Enterprise”
Eligible for Tax Breaks Under Economic Development Law
Arkansas Supreme Court says business enterprise
can include nonprofit as well as for-profit business
Corporate Action is Permissible
Unless Prohibited by Governing Instruments
Court rejects argument that action is okay only
where specifically permitted in Constitution or bylaws
Donors Can’t Sue Charity for
Damages
When Deduction Is Postponed
Court denies claim for unjust enrichment and
damages
when gift is not completed until following year
Ready Reference Page
Senate Proposes Two Year Contribution
Breaks,
Permanent Limits on Deductions, DAFs and SOs
Donor Advised Funds and Supporting Organizations would
face new restrictions to make them more “accountable”
- Need a practical gift for colleagues?
- “This Year In Nonprofit Law” Materials Available
- Thursday with the Editor, December 15, 2005
To the Point
Is it true that the Katrina tax relief bill, which provides that donors may deduct up to 100% of their income this year, does not apply to gifts to supporting organizations or donor advised funds? Answer (free)Lessons from Litigation
Full
Article
- Prohibition on gifts to terrorist groups is constitutional
Tax Matters Full Article
- Volunteer can’t deduct cost of lunch
Employment Law Full Article
- Anxious employee not entitled to FMLA protection
- Lifting requirement for camp counselors not discriminatory
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