Wondering about the state of the estate taxes and other tax brackets in 2012 (compared to 2013 if Congress does nothing this year to prevent this from happening)? Take a look at the following chart: U.S. Taxes 2012 v. 2013 2012 Top Tax Brackets 2013 Top Tax Brackets Income Tax 35% 39.6% Estate Tax 35% 55%...
For those New York nonprofits who were interested but missed our webinar last week, the following link to my firm’s website will let you watch the entire presentation: NYPMIFA: What You Need To Know To Avoid An Unfriendly Attorney General Audit All I ask in return is to add some comments on the blog! And...
For those who were able to join our webinar today on NYPMIFA, the following links are to the sources for the information presented: New York Attorney General Memo – March 2011 http://www.charitiesnys.com/pdfs/NYPMIFA-Guidance-March-2011.pdf Various law firm memos http://www.simpsonthacher.com/content/publications/pub1062.pdf http://nonprofitlaw.proskauer.com/tags/nypmifa/ http://www.nixonpeabody.com/linked_media/publications/NYPMIFA_Guide_Nixon_Peabody.pdf http://www.skadden.com/Index.cfm?contentID=51&itemID=2391 http://www.pbwt.com/docs/images/alerts_newsletters/EO_Alert_NYPMIFA_Summary_with_AG_Guidance_0311.pdf
http://www.cbsnews.com/8301-31749_162-57365621-10391698/garth-brooks-awarded-$1-million-in-hospital-lawsuit/ Not a great day for fundraisers – this case proves a few tough points for nonprofits that we should all be aware of: Never trust a jury to come up with a rational decision – How did the hospital let this go to a trial without settling? Courts will always favor a donor and...
Check out this post by Michael Rosen. There are too many details of this story that are still missing but with a trial getting underway, the nonprofit world may be getting treated to the full details of how badly a gift can go (guessing there must have been many missteps by the hospital on this...