Curriculum

Nonprofit Organizations

B569 is taught by J. Prusak

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

Grades will be based on a group project and short essay assignments. The required texts will be:

# Fishman and Schwarz, Nonprofit Organizations: Cases and Materials (Foundation Press, Fifth Edition 2015).

# Fishman and Schwarz, Nonprofit Organizations # Statutes, Regulations and Forms (Foundation Press, 2015).