Nonprofit Law for Colleges and Universities

A hands-on guide to the most pertinent and critical legal issues facing those who lead and manage tax-exempt colleges and universitiesNonprofit Law for Colleges and Universities is a practical, accessible guide to nonprofit law as it is specifically applicable to exempt colleges and universities, and their related entities, such as fundraising foundations, endowment funds, supporting organizations, for-profit subsidiaries, and limited liability companies. Topics discussed will include governance, endowment funds management, the annual reporting requirements, and the unrelated business rules Written by the country's leading authorities on tax-exempt organizations Features essential, practical legal information in easy-to-understand English Presented in question-and-answer format, divided according to major topic areas that are of interest to those who lead and manage tax-exempt colleges and universitiesDesigned for the management and leadership of colleges and universities, as well as others working in the higher education field, such as lawyers, accountants, and fundraising/development personnel, Nonprofit Law for Colleges and Universities allows readers to easily search for and find answers to questions, putting all the information they need right at their fingertips.

BRUCE R. HOPKINS is a senior partner with the firm Polsinelli Shughart PC. He is the author or coauthor of thirty books, including The Law of Tax-Exempt Organizations, Tenth Edition; Planning Guide for the Law of Tax-Exempt Organizations; The Tax Law of Charitable Giving, Fourth Edition; and The Law of Fundraising, Fourth Edition, as well as the monthly newsletter Bruce R. Hopkins' Nonprofit Counsel, all published by Wiley.

VIRGINIA C. GROSS is a shareholder with the law firm Polsinelli Shughart PC. She concentrates her practice on counseling nonprofit organizations on their tax-exempt and nonprofit law matters. She has coauthored two other books for Wiley, Nonprofit Governance: Law, Practices, and Trends and The New Form 990: Law, Policy, and Preparation. Virginia is a frequent writer and speaker on nonprofit law topics.

THOMAS J. SCHENKELBERG is chair of the Polsinelli Shughart's Nonprofit Organizations Practice Group. His clients include national hospital systems, research organizations, private foundations, colleges, universities, associations, social welfare organizations, PACs, and governmental entities. He is a frequent writer and speaker on nonprofit law topics.

Preface
About the Authors
Nonprofit Organizations Law Generally
Nonprofit Law Basics
Federal Tax Law Basics
Nonprofit Educational Organizations
Education Law Basics
Demographics
Nonprofit Law Basics
Acquiring and Maintaining Tax-Exempt Status
Nonprofit and Tax-Exempt Entities
Exemption Application Basics
General Procedures
Application Form 1023
Form 1023, Schedule B
Group Exemption
Acquiring and Maintaining Public Charity Status
Public Charity Law in General
Supporting Organizations in General
Type III Supporting Organizations
General Supporting Organization Questions
Donor-Advised Funds
Governance
Private Inurement, Private Benefit, and Excess Benefit Transactions
Introduction
Private Inurement
Private Benefit
Intermediate Sanctions
Executive Compensation
Concept of the Executive
Payment of Reasonable Compensation
Executive Compensation and the Governing Board
Legislative Activities
Expenditure Test
Social Welfare Organizations
Trade, Business, and Professional Associations
Reporting Requirements
Political Campaign Activities
Basic Federal Tax Law Rules
IRS Enforcement Efforts
Federal Election Laws
Reporting Requirements
Endowment Funds
Endowment Fund Basics
Demographics
Endowment Fund Management
Endowment Fund Investments
Endowment Fund Distributions
Endowment Fund Criticisms
Scholarships, Fellowships, and Other Student Assistance
Scholarship and Fellowship Law
Other Student Assistance Programs
Charitable Giving Rules
Charitable Giving Rules Basics
Percentage Limitations
Conditional, Unrestricted, and Restricted Gifts
Unique Forms of Donors
Special Gift Situations
Charity Auctions
Planned Giving
Charitable Remainder Trusts
Pooled Income Funds
Charitable Gift Annuities
Charitable Lead Trusts
Other Gifts of Remainder Interests
Fundraising Regulation
Federal Law Requirements
State Law Requirements
Unrelated Business Activities in General
General Unrelated Business Rules
Basic Rules
Debt-Financed Property Rules
Other Unrelated Business Rules
Contemporary Application of the Unrelated Business Income Rules
Entity Planning
Joint Venture Basics
Partnerships and Limited Liability Companies
Tax-Exempt Organizations and Joint Ventures
Tax-Exempt Organizations, Partnerships and Limited Liability Companies
Information Reporting
Annual Information and Other Returns
General Requirements
Return Contents
Unrelated Business Income Tax Returns
Accounting Methods and Financial Statements
Changes in General Operations
Public Inspection and Recordkeeping Requirements
Sanctions
Disclosure and Distribution Rules
Annual Information Returns
Exemption Applications
Disclosure and Distribution Sanctions
Provision of Goods And Services
Fundraising Disclosure
Other Documents and Requirements
Index
Table of Contents provided by Publisher. All Rights Reserved.

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Nonprofit Law for Colleges and Universities Essential Questions and Answers for Officers, Directors, and Advisors

Summary

Author Biography

Table of Contents

Supplemental Materials