New Acquisitions - Tax and Legal Implications for Nonprofits

This bibliography includes recent works about federal, state and city laws and regulations affecting nonprofit organizations, including private foundations.

Arnsberger, Paul; Ludlum, Melissa; Riley, Margaret; Stanton, Mark. "A history of the tax-exempt sector: an SOI perspective." Statistics of Income Bulletin, (Winter 2008): p. 105-35. Subject file: 602
View full text (PDF)»

Provides an overview of the legislative history of tax exemption in the United States and provides financial data on public charities and foundations from tax years 1985 to 2004. Includes several charts and tables.

Beggs, Sara; Carroll, Andy (ed.) How to avoid self-dealing. Washington, DC: Association of Small Foundations, 2008. 30 p. ($15) 510 ASF HOW AVO

Describes the rules that prohibit foundations from participating in transactions with foundation insiders, or "disqualified persons." The guide explains the range of prohibited activities, discusses exceptions to the prohibitions, and provides suggestions for protecting your foundation.

Blum, Debra E.; Williams, Grant. "Putting charity to the test: IRS considers controversial measure for charitable activity." Chronicle of Philanthropy, vol. 20 (15 May 2008): p. 29-31.

The Internal Revenue Service announced plans to develop a commensurate test to measure the efficiency and effectiveness of nonprofit organizations by making certain that charities spend in line with their resources. This announcement comes in the wake of increased scrutiny of nonprofit spending by the Senate Finance Committee.

Kirschten, Barbara L. Nonprofit corporation forms handbook. 2008 ed. Eagan, MN: Thomson/West, 2008. xv, 1564 p. ($491) 945 KIR 2008

Covers registration and reporting requirements for Internal Revenue Service (IRS) designated tax-exempt organizations. Provides sample document forms to illustrate incorporation and operation of nonprofits under the jurisdictions of California, Delaware, District of Columbia, Illinois, Maryland, Massachusetts, New York, Pennsylvania, Texas, and Virginia. Offers guidelines for applying for IRS 501(c)(3) or 501(c)(6) exempt status.