Organizing and Operating Nonprofits (USB Seminar)

MCLE Credits: 6.0
Ethics Credits Included: 0.0

MCLE Credit:	6.0 (Ethics: 0.0)
Live-Interactive Credit:	0.0
Price:	$299 - USB with electronic materials
Available Through:	8/31/2022

Information
Schedule
Faculty
Locations, Dates and Fees

Information

A pre-recorded video replay of the August 2019 live seminar, Organizing and Operating Nonprofits.

Topics covered include:

Whether you are new to or experienced in this area of practice, you will benefit from listening to our two experienced professionals. Obtain a working knowledge of:

The governing documents used to create and operate a Virginia nonprofit
How to protect against liability from operation of Virginia nonprofits
How to apply for tax-exempt status
How to meet annual reporting requirements and maintain tax exemption
What income is taxable despite tax-exempt status
Charitable-giving opportunities and regulations
Special rules applicable to private foundations

As the operations of nonprofits come under increasing scrutiny, it is important for such organizations and their advisors to understand fundamental legal and tax issues associated with forming and operating nonprofit organizations.

Schedule

COURSE TOPICS

Organizing a Virginia Nonprofit

Choice of entity (corporation vs. unincorporated entity)
Incorporating a Virginia nonstock corporation
Important articles of incorporation and bylaws provisions
Important provisions of Virginia Nonstock Corporation Act — operational and liability issues

Applying for Tax-Exempt Status

Advantages and disadvantages of tax-exempt status
Categories of exempt organizations
Exemption application forms
Filing requirements for small organizations
Private foundation or public charity — significant differences in operational and fundraising rules
Supporting organizations
Applying for state and local exemptions

Maintaining Tax-Exempt Status

Filing and disclosure requirements
Compliance
- Lobbying
- Political activity
- Unrelated business income tax (“UBIT”): definitions, exclusions, common sources
- Intermediate sanctions
Use of subsidiaries

Charitable-Giving Basics

Charitable-solicitation registration and reporting
Forms of gifts, substantiation rules, deductibility
Special events, raffles, etc.
Substantiation and appraisal rules
Special rules for certain assets — cash, cars, clothes, etc.
Online fundraising platforms

Private Foundations

Private foundation characteristics
Advantages of foundation status
Operational restrictions and deduction limits
Alternatives to foundation classification
Pitfalls and planning opportunities

General Counsel Services

Insurance
- Director and officer liability
- General liability, employment claims
- Event cancellation
- Multimedia
- Cybersecurity
Advising on operational issues
Ethical issues
- Attorney as board member
- Conflicts of interest with board members

Restructurings and Terminations

Mergers and consolidations
Spin-offs and subsidiaries
Dual directors
Going out of business
Tax implications

Faculty

FACULTY

J. William Gray, Jr. / Richmond
J. William Gray, Jr. specializes in tax-exempt organizations, charitable giving, and estate planning and administration. He is a fellow of the American College of Trust and Estate Counsel and a founding director and former president of the Virginia Gift Planning Council.

Eileen Morgan Johnson, Whiteford, Taylor & Preston LLP / Falls Church
Eileen Johnson is a partner in the Falls Church office of Whiteford, Taylor & Preston L.L.P. where she co-chairs their nonprofit practice group. She advises nonprofit organizations on a wide variety of legal issues, including tax advice, corporate governance, charitable solicitation and fundraising, and membership programs. She has held leadership roles in the American Society for Association Executives, the Association Foundation Group, and the Virginia State Bar.