This workshop covers some of the most fundamental aspects of the law of nonprofit organizations and how community foundations work within that larger sphere. It serves as a helpful introduction to the field for new staff as well as a refresher for more experienced professionals.
This workshop will include:
- An overview of the nonprofit universe including information about including 501(c)(3) organizations and the differences between public charities and private foundations.
- Introduction to the statues, tax codes, and legal requirements for community foundations and the consequences if not followed.
- The legal aspects of finance and administration, including the Sarbanes-Oxley Act for Nonprofits and an in-depth explanation of UPMIFA.
Topics:
- Understanding of public charity types, traditional organizations, and how public charities can function.
- The Sarbanes-Oxley Act for Nonprofits, UPMIFA and what it allows for, and fiscal sponsorship.
- Donor Advised Funds, a brief overview of the definition, exceptions and variance power, and key operation rules.
- The special rules that apply to grants given to individuals.
Who should attend:
This workshop is open to any board or staff member from any community foundation.
