Tax, Legal & Compliance

It’s not every day that Yale University gets an offer like this: Florida Gov. Rick Scott (R) invited the 315-year-old Ivy League institution to move to the Sunshine State. The Connecticut legislature has a proposal to impose a tax on some investment profits from the university’s $26.5 billion endowment, and Scott seized on the opportunity…

General Electric Co. (GE) plans to donate $50 million over the next five years to Boston and the surrounding area. The money comes as GE gets set to move its global headquarters and 800 employees to the South Boston Seaport. But there are critics. And they charge the city and state are giving GE a…

In February 2015, Robert Bruce, a 34-year-old from Tennessee, was indicted by a grand jury on six federal wire fraud charges related to the charity he created to honor the victims of December 2012’s Sandy Hook Elementary School tragedy in Newtown, Conn. Now, Bruce has agreed to plead guilty, having reached a plea deal with the U.S. attorney’s office, The Associated Press reported...

In a settlement with the Federal Trade Commission (FTC), the leader of various sham cancer nonprofits has agreed to shut down his organizations in what the agency has called the largest joint enforcement action against charity fraud...

Andrew Caspersen, a senior private equity executive with PJT Partners, has been arrested and charged with attempting to defraud investors out of around $95 million. In addition to the criminal charges filed by Preet Bharara, the U.S. Attorney for the Southern District of New York, Caspersen is the subject of a parallel civil complaint filed…

A Washington, D.C., advocacy group has asked the IRS to investigate whether the Trump Foundation violated nonprofit regulations by contributing to a political organization associated with Florida Attorney General Pam Bondi...

Wounded Warrior Project (WWP) has received a lot of attention about its spending, which has caused some donors to abandon their support of the charity and its board to fire its CEO and chief operating officer, even after the board defended its past expenditures that some deemed excessive. Now, U.S. Sen. Charles Grassley, R-Iowa, who serves as chairman for the Senate Judiciary Committee, has asked Anthony Odierno, WWP's board chair and interim CEO, to provide spending data not available in tax filings...

Charity Defense Council, the nonprofit-advocacy organization founded by Dan Pallotta, on Thursday issued an 11-page media advisory detailing the preliminary findings of its investigation into the allegations CBS News and The New York Times made against Wounded Warrior Project. The organization found "major errors" in the two news outlets' reporting, including "significant factual errors" and "the possibility of material bias."...

A South Dakota couple who died in a murder-suicide last year stole hundreds of thousands of dollars intended to be used to help improve Native Americans' college readiness, among other things, state Attorney General Marty Jackley said Wednesday. Investigators believe the total amount that Scott and Nicole Westerhuis stole exceeded $1 million, based on a…

Providing quality services. Raising funds. Promoting public awareness. Regardless of your nonprofit’s core mission, tasks like these are never far from your ever-growing list of things to do. But there’s one more thing you need to add to your list if you haven’t already, and that’s obtaining federal trademark registration for your name...