The Office of Citizen Exchanges, Youth Programs Division, of the Bureau of Educational and Cultural Affairs announces an open competition for the Youth Leadership Program with Algeria. Public and private nonprofit organizations meeting the provisions described in Internal Revenue Code section 26 U.S.C. 501(c)(3) may submit proposals to provide youth and adult participants from Algeria with an approximately four-week U.S.-based exchange program in summer 2012 focused on civic education, youth leadership development, respect for diversity, and community engagement, and to support follow-on community service projects in their home communities. The U.S. Embassy in Algiers will recruit, screen, and select Algerian participants. The award recipient will be required to recruit, screen, and sel...
NOTICE OF PUBLIC HEARING ON PROPOSED BOND FINANCING Notice is hereby given that the Economic Development Authority of Montgomery County, Virginia (the "Authority"), whose address is 755 Roanoke Street, Suite 2H, Christiansburg, Virginia 24073, will hold a public hearing, on behalf of the Board of Supervisors of Montgomery County, Virginia ("Montgomery County") on the application and Plan of Financing of the Virginia Tech Foundation, Inc., a non-stock, nonprofit Virginia corporation described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Applicant"), whose principal business address is 902 Prices Fork Road, Suite 4000 (0142), Blacksburg, Virginia 24061, for the Authority to issue revenue and refunding bonds or other obligations (collectively, the ...
The Office of Citizen Exchanges of the Bureau of Educational and Cultural Affairs announces an open competition for Empowering Women and Girls through Sport Program as part of the International Sports Programming Initiative. This initiative will consist of approximately 12 short-term U.S.-based and overseas programs focused on using sport as a tool for women's empowerment. The program envisions approximately 115 participants from overseas coming to the U.S., and approximately 20 American participants traveling overseas. Public and private non-profit organizations meeting the provisions described in Internal Revenue Code section 26 U.S.C. 501(c)(3) may apply.
Technology transfer from universities to the commercial sector may conflict with the tax exemption granted to higher education under Internal Revenue Code section 501(c)(3). Under some circumstances, revenue from technology transfer such as royalties from patent licensing should be taxable as unrelated business income. Universities should consider developing two different kinds of technology transfer agreements, one taxable and one tax-exempt, to promote compliance with the tax code's requirements for tax exemption.
The Office of Citizen Exchanges of the Bureau of Educational and Cultural Affairs announces an open competition for the International Sports Programming Initiative. Public and private non- profit organizations meeting the provisions described in Internal Revenue Code section 26 U.S.C. 501(c)(3) may submit proposals for projects designed to reach out to youth and promote mutual understanding by increasing the professional capacity of those who design and manage youth sports programs in select countries in Africa, East Asia and the Pacific, the Near East and North Africa, South and Central Asia, Europe, and the Western Hemisphere. The focus of all programs must be on reaching out to both male and female youth ages 7- 17 and/or their coaches/administrators. Programs designed to train elite...
An organization seeking to be exempt from R.C. 2915.02's prohibition against gambling must: (1) be one of the named organizations under R.C. 2915.01(H); (2) be exempt from federal taxation under subsections 501(c)(3), (4), (8), (10), or (19) of the Internal Revenue Code; and (3) have been in existence in teh state of Ohio for a period of two years preceeding the conducting of any scheme or game of chance. When the organization seeks exemption as an "educational organization" and only donates 30% of its revenue or profits to several organizations, many of which do not meet the definition of "educational," the organization does not qualify for the exemption.
The tune of the § 501(c)(3) lobbying restriction may become a bit catchier if it were clear exactly what it meant. That clarity can be provided by understanding and then perhaps modifying the lobbying restriction on religious organizations that currently exists under § 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"). This comment focuses on how to best address the tension between a church's right to free speech and the potential for excessive entanglement between church and state through the lobbying restriction. An ideal lobbying test would provide a threshold safe-harbor figure, while at the same time avoiding the imposition of a significant burden on the church that would create excessive entanglement. Therefore, Congress, or the Treasury, should enact a test ...
WASHINGTON, March 16 /U.S. Newswire/ -- On the March 14 Webcast of Tax Talk Today, a panel of IRS officials and tax professionals reviewed the specific limitations placed on Internal Revenue Code Section 501(c)(3) organizations -- churches and charitable organizations -- regarding political campaign intervention. With the 2006 elections just months away, the IRS is moving to educate these organizations regarding what is and is not allowed under tax law in a bid to minimize the violations that peaked in the 2004 election year. Charities are going to know ahead of time what the rules are," said Celia Roady, partner, Morgan, Lewis & Bockius LLP. "They're also going to be put on fair notice that the IRS is going to be prepared to deal with any violations of those rules.
The Kanawha County Republican Executive Committee is alleging that a reception held Tuesday to thank Democratic Rep. Nick Rahall for supporting health-care reform violated federal tax laws. In a press release issued Wednesday, committee Chairwoman Melody Potter said the event at West Virginia Health Right, a free clinic, broke Internal Revenue Code provisions that say 501(c)(3) nonprofit organizations can't engage in political activity. Organizing for America, which is part of the Democratic National Committee, helped organize and advertise the reception.
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