Curriculum

Nonprofit Organizations

B569 is taught by J. Prusak, P. Purcell

Over one million tax-exempt and nonprofit organizations, supported by over $300 billion in annual gifts, provide essential services ranging from large urban hospitals, major universities, national social service agencies and grant-making private foundations to "grassroots" homeless shelters, food pantries and health clinics. Attorneys fulfill an important role as counsel to tax exempt organizations and to the donors who support these charitable missions.

This course examines the legal issues of nonprofit and tax exempt organizations. Specific topics will include:

Formation, operation, and governance of nonprofit organizations

Tax-exempt status for public benefit and mutual benefit organizations

Creation of private foundations, donor advised funds and supporting organizations

Duties and liabilities of officers and directors

Lobbying and political campaigning

Inurement, private benefit and intermediate sanctions

Commercial activity and unrelated business income tax

Charitable giving

Oversight by state attorney general and Internal Revenue Service

Special issues for membership organizations

Mergers, joint ventures, dissolution and antitrust

Prerequisites: Corporations