For those of us in the non profit world who sing for our supper, it can seem that there are few inexpensive - let alone free - resources available. Here is one: The (primarily) free webinars presented by GuideStar that delve into the most pressing concerns for non profit management.
On Wednesday, March 17 at noon GuideStar presents "Grantmaker Due Diligence in the Pension Protection Act Era: How to Identify Supporting Organizations and Align Your Grants Administration Process with the 21st-Century Tax Code."
The Pension Protection Act of 2006 imposes new excise taxes on private foundations and sponsors of donor-advised funds for making grants to certain types of supporting organizations. This webinar will address the concerns of grantmakers, including:
- How can I determine if a potential grantee is a supporting organization?
- What about 509(a)(3) organizations that are Types I, II or III?
- Are there best practices concerning determination of functional integration for Type III supporting organizations?
- What are the practical implications of Revenue Procedure 2009-32, and how might they impact my grantmaking operations and compliance practices?
GuideStar will review the IRS tax code, IRS Revenue Procedure 2009-32, and corresponding pre-grant due diligence best practices, and explore different on-line and manual options for charity verification including GuideStar Charity Check. Participants will gain the knowledge necessary to avoid excise taxes and take away tips to streamline the due-diligence process.
The webinar presenters are: Suzanne Ross McDowell, partner in the Washington office of Steptoe & Johnson LLP, where she focuses on the law of tax-exempt organizations with particular emphasis on tax, corporate governance, and commercial transactions; and Pamela Jowdy, senior product manager for GuideStar. Ms. Jowdy leads the product management and development functions at GuideStar, focusing on identifying and understanding the unique needs of multiple audiences that require non profit intelligence and tools for business analysis.
GuideStar's mission is to revolutionize philanthropy and non profit practice by providing information that advances transparency, enables users to make better decisions, and encourages charitable giving.
Registration is open now; visit the GuideStar homepage to learn more.