Thursday, March 5, 2009

Section 501(c)(3) Basics Section 3

Section 3 (Total Run Time: 11 min. 53 sec.)

  • Organizational requirement
  • Operational Test
  • Charitable Requirement
  • Cannot violate public policy
  • Private Inurement
  • What is inurement?
  • What are private shareholders or individuals?
  • What are Net Earnings?
  • How much inurement do we need?
  • Intermediate Sanctions (§4958)
  • Definitions
  • Private benefit limitation
  • Policy behind §4958
  • Lobbying and Campaigning

Presented by Will Foster

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