In the House of Representatives last week, U.S. Representatives Betty McCollum (D-MN) and Fred Upton (R-MI) introduced The Nonprofit Sector Strength and Partnership Act, H.R. 7587.
It’s an ambitious bill, over a decade in the making. The goal is to give the nonprofit sector a long-overdue and greatly deserved “seat at the table” in federal policy
For Purpose Law Group Blog
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Public Service Loan Forgiveness: Update
“Student loans were never meant to be a life sentence, but it’s certainly felt that way for borrowers locked out of debt relief they’re eligible for.”
U.S. Secretary of Education Miguel Cardona made these remarks last week in connection with his recent announcement of the newest fixes for the troubled Public Service Loan Forgiveness (PSLF) program. Department of Education…
New Charity Enforcement by CA Attorney General
We’re watching state-level developments of interest to the nonprofit sector, particularly in California.
First, in CA Nonprofit Legislative Update (April 5, 2022), the focus is on several bills under consideration in the halls of the Capitol building in Sacramento. Some have been “sponsored” or “supported” by the California Association of Nonprofits. And at least one controversial measure is being closely…
Nonprofits Reaching for Piece of CA Budget Pie
“The annual state budget is – next to the State Constitution – the most important document in California government.”
That’s how Senate writers in Sacramento open the helpful 20-page PDF booklet titled The Budget Process: A Citizens’ Guide to Participation. And next in the Introduction, they remind us that if “… California were a nation,” it would rank…
CA Nonprofit Legislative Update
It’s been a few months since our last look at what’s happening for California nonprofits at the state level. See California Legislative Opportunities In 2022 For The Nonprofit Sector (January 19, 2022).
There are several bills of interest meandering through the state Senate and Assembly. And, once again this fiscal year, there is a huge budget surplus that our…
Does It Matter What We Call A Nonprofit’s Top Executive?
Recently, in The Delicate Dance of the Nonprofit Board and Staff (February 25, 2022), we posed the question: Why do some nonprofits that appear to the outside world to be “worthy and promising” nevertheless eventually “collapse on themselves and fail”?
In more than a few situations, we explained, the two sides do not “know or understand their legally distinct…
Gifts In Kind: New FASB Rules Now Apply
While “cash is king” for charitable contributions, other forms of financial support are popular as well with donors and appreciated by 501(c)(3) organizations.
But the record-keeping and reporting requirements for these gifts of goods and services are more cumbersome than for cash-only donations.
About 18 months ago, the Financial Accounting Standards Board (FASB) published new rules prescribing how…
Nonprofit Advocacy After The Omnibus Act
It’s been about two weeks since the U.S. Congress passed the Consolidated Appropriations Act, 2022. See New Spending Act Falls Short Of Nonprofits’ Needs (March 16, 2022).
The National Council of Nonprofits (NCN), which took the lead for our sector in advocating for critical financial relief – see #Relief4Charities – posted initial reaction on March 10th, the day that the…
New Spending Act Falls Short of Nonprofits’ Needs
The federal government’s fiscal year begins each October 1st. Legislators are expected to approve the funding for the next twelve months by September 30th.
In recent years, though, members of Congress have routinely failed to meet that appropriations deadline. Instead, they fall back on a dizzying series of short bursts of emergency funding authorized by “continuing resolutions.”
It happened…
Nonprofit Preferred Postal Rates: Update
Last week was a big one for bipartisan Congressional action.
Two major legislative packages are awaiting the President’s signature. In both cases, there were wish lists by the nonprofit sector that our community leaders lobbied for hard with strong grassroots assistance. But each of the final measures fell well short of our needs and goals.
In this post, we’ll…