Filmmakers who seek philanthropic or public funding to support their works may be considering fiscal sponsorship as a vehicle for obtaining such funding. In our first post on this subject, we covered the basics of fiscal sponsorship and on the qualifications of a sound fiscal sponsor. Here, we’ll discuss the fiscal sponsorship agreement and termination of the relationship between the filmmaker and the fiscal sponsor. Fiscal Sponsorship Agreement The Model Informs the Agreement In our…

Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “Inside the Secret Border Patrol Facebook Group Where Agents Joke About Migrant Deaths and Post Sexist Memes: The three-year-old group, which has roughly 9,500 members, shared derogatory comments about Latina lawmakers who plan to visit a controversial Texas detention facility on Monday, calling them “scum buckets” and “hoes.”” Pro …

Filmmakers who seek philanthropic or public funding to support their works may be considering fiscal sponsorship as a vehicle for obtaining such funding. And fiscal sponsorship can be of great value to a filmmaker. But it’s also a misunderstood and widely misapplied area of law that can create risks for filmmakers and their fiscal sponsors. Accordingly, the parties entering into a fiscal sponsorship agreement should have a basic grasp of what the law requires in…

Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “The Supreme Court’s conservatives decided Thursday that federal courts do not have a role to play in deciding whether partisan gerrymandering goes too far, giving a dominant political party in a state leeway to draw electoral maps that preserve or even expand its power.” Washington Post “In a setback…

The quick and admittedly general answers (because there are exceptions) are: (1) yes, a nonprofit can own a for-profit; and (2) no, a for-profit cannot own a nonprofit, but it can select all of the nonprofit’s board members and thereby largely control the nonprofit. Can a Nonprofit Own a For-Profit? A nonprofit can own all of the ownership interest in a for-profit entity, whether such entity is a corporation or limited liability company. However, there…

Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “Tensions between the United States and Iran flared on Monday as Tehran said it would soon breach a key element of the 2015 international pact limiting its nuclear program, while President Trump ordered another 1,000 troops to the Middle East and vowed again that Iran would not be allowed…

A nonprofit organization organized and operated for charitable purposes may be exempt under Section 501(c)(3) of the Internal Revenue Code while a nonprofit organized and operated to promote the common business interest of its members and not to engage in regular business activities ordinarily carried on for profit may be exempt under Section 501(c)(6) of the Code. While 501(c)(3) organizations and 501(c)(6) organizations appear to have completely different purposes, there are many organizations that operate to…