On Demand

Not-for-Profit Corporations: A Focus on Formation and Governance


Created on March 25, 2019





A charitable intention is not enough to create a valid not-for-profit organization. Navigating the federal and state landscapes regulating and restricting charitable entities is a complex endeavor. This program, led by attorneys Yolanda Kanes and Ralph Siciliano, will focus on federal and state regulations pertaining to not-for-profit corporations and governance issues relating to those entities. Here, they will address formation issues such as selecting the type of charitable organization and achieving and maintaining Federal Tax Exempt status, as well as important governance issues. Governance issues on the docket include standards of fiduciary conduct and excess benefit transactions.

Learning Objectives:

  1. Select the correct type of charitable organization and auditors
  2. Achieve and maintain Federal Tax Exempt status
  3. Balance state registration and reporting requirements with those at the federal level
  4. Identify related party transactions
  5. Establish investment policies and key by-law provisions
  6. Appreciate restrictions on lobbying and political activities
  7. Mitigate conflict of interests

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