From mandatory e-filing to a change in the excise tax rate for private foundations, there is no question that significant changes are on the way for tax-exempt organizations in 2020. GHJ Nonprofit tax expert Lizbeth Nevarez offers an in-depth overview of the many changes and important actionable steps for tax-exempt organizations below: Repeal of Employee Parking Tax [...]

GHJ asked Marie DeAeth-d’Almeida, Director of Operations and Grants Management for the Mayor’s Fund for Los Angeles, about public-private partnerships.Q: What is the public-private partnership model?A: That is a great question – and one we hear often! The short answer is that the public-private partnership model is a collaborative endeavor that taps into the efficienc [...]

The U.S. Department of Health and Human Services (HHS) established several new funding sources to support healthcare entities in their response to the coronavirus pandemic. One such source is the Provider Relief Fund (PRF), for which HHS allocated $178 billion to be distributed to prevent, prepare for and respond to COVID-19, and as of the end of July 2021, over $118 [...]

As the season of giving approaches, it is important to remind ourselves of the opportunities to give back to those without access to basic life necessities. GHJ Foundation is doing its part by contributing to organizations serving under-resourced communities. GHJ Foundation’s rotating Grants Committee convenes twice a year for its grant selection process. As part of [...]

Historically, if a tax-exempt organization were generating a loss from one activity (such as advertising), it would be able to offset it with a gain from a separate activity, such as unrelated business taxable income (UBTI) reported on a Schedule K-1. In 2017, the Tax Cuts and Jobs Act (TCJA) added a new IRC section 512(a)(6) and introduced a new UBTI silo concept. [...]

Originally published by Diversity Professional. Nonprofit boards have significant influence and set the strategic direction for an organization. Therefore, a successful board ─ one that can innovate and adapt ─ requires a variety of skills, background and experiences amongst its members. Gender, racial and ethnic diversity are essential to effectively address societa [...]

Nonprofit boards face numerous challenges around board diversity, recruiting, fundraising, succession and limited resources. GHJ's new Nonprofit Board Series will offer practical insights for nonprofit board members to improve their operations. One way nonprofits can address common challenges while expanding their reach is with a community advisory council (CAC). In [...]

Many families and individuals use donor-advised funds (DAFs) as an alternative to having their own private foundations — but a “side-car” DAF can also be used to complement a private foundation. Stephanie Yan (GHJ Managing Director and Private Foundation Practice Leader) talks to Pegine Grayson (Senior Vice President/Client Advisor, Director of Philanthropic Servic [...]

A family private foundation creates a structure for charitable giving and a lasting legacy for the family, but it also comes with administrative burdens. Stephanie Yan, GHJ Managing Director and Private Foundation Practice Leader, talks to Pegine Grayson, Senior Vice President/Client Advisor, Director of Philanthropic Services at Whittier Trust, about the mundane but [...]

Originally published in Inside Philanthropy. Amid global shifts due to the COVID-19 pandemic and a nationwide reckoning around social justice, philanthropy has taken a new shape. More donors are exploring trust-based philanthropy, a charitable approach that aims to make giving more democratic, inclusive and collaborative between funders and grantees. This approach ai [...]