Entries by John Templeton

Three Critical Privacy Issues Every Nonprofit Entity Should Consider

By Deena Coffman, GSEC, CIPP/US, CIPP/E, CIPM, FIP Most nonprofit organizations collect, use and store “personal information” of donors and staff. There are well over 200 laws, just in the United States, that mandate protections of this information and apply, in whole or in part, to nonprofits. All nonprofit entities should understand the requirements that […]

IRS “Snapshots” Providing Technical Guidance

By Joyce Underwood, CPA The IRS has recently added new issue-specific guidance regarding charities and nonprofits in the form of “Snapshots.” The guidance is a result of internal collaboration and provides fresh insight and perspective to agents on compliance areas to help them effectively and efficiently perform their work. These IRS employee job aids are […]

Perspective in Real Estate

A feature examining the role of private equity in the real estate sector. Brick & Mortar Retailer Woes Raise Concerns Despite Spiking M&A Activity The retail model is undergoing a transformation that presents opportunities and risks for the real estate industry. Driven by changing consumer expectations about brand experience and convenience, traditional retailers are scrambling […]

Another Year Wiser: Takeaways from REITWise 2017

By Brandon Landas and Jan Herringer In mid-March, leaders throughout the industry gathered in sunny California for NAREIT’s annual Law, Accounting & Finance Conference. Presentations spanned financial, accounting, tax, legal and political issues for REITs and real estate companies. Here are some of the event’s top takeaways from REITWise 2017. Accounting for New Standards: Lease […]

Best Practices for an Effective Investment Committee

By Lee Klumpp, CPA CGMA Most nonprofits rely on an investment committee to oversee their investment portfolios. This oversight group can have a big impact on real long-term wealth preservation and ensuring resources are available to realize organizational goals and aspirations. These best practices are consistent with the fiduciary duties of care, loyalty and obedience, […]

Making Real Estate Investments Attractive To Tax-Exempt Organizations

By David Patch Organizations described in sections 401(a) and 501 are generally exempt from federal income tax, except with respect to income from businesses that are unrelated to their tax-exempt purpose, known as unrelated business taxable income (UBTI).[1] Rents from real property are specifically excluded from UBTI, making rental real estate partnerships a potentially attractive […]

The Importance of Civic Reach

By Lewis Sharpstone, CPA Ensuring sustainability is a top priority for almost every nonprofit organization. But one sometimes overlooked piece of the sustainability puzzle is managing critical external relationships and ensuring their longevity. This is especially important in a climate characterized by pervasive change. As we’ve covered in our Nonprofit Standard blog posts, executive retirements […]

IRS Stresses New Processes at Annual Tax Exempt and Government Entities Meeting

By Laura Kalick, JD, LLM in Taxation The 2017 Internal Revenue Service (IRS) Joint TE/GE (Tax Exempt and Government Entities) Council Meeting was held in Baltimore in February. These annual meetings were designed to maintain open communication between practitioners and the IRS TE/GE Division. Attendees include members of the five regional TE/GE Councils. Each regional […]