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For Purpose Law Group
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Full-service legal counsel to nonprofits, businesses, and social enterprises. Estate planning counsel for individuals and families.
Full-service legal counsel to nonprofits, businesses, and social enterprises. Estate planning counsel for individuals and families.

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We can help your nonprofit. Find us at www.ForPurposeLaw.com.
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We offer complete estate planning packages! *Cape not included.
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A frequent criticism of the nonprofit world is that boards of directors are primarily populated with people far removed in wealth, background, circumstances, and experience from the people these organizations are formed to serve.

There’s talk, of course, that this should change, but discussions about increasing board diversity often lead to little action.

Now the City Attorney of Chattanooga, Tennessee, Wade Hinton, has created a model that may work well not only in that city but also be used as a prototype in other regions. A new nonprofit website called Board Connector has been created: Its purpose is to connect people – especially women, people of color (and those who are both) – to nonprofit boards.
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Congress Digs In On Huge College Endowments, after all a not-so-old joke has it that Harvard is best thought of as a hedge fund with a university attached.
The fund in question is its endowment – the largest in the United States – valued at over $35 billion.
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In 2003, former Marine John Mejia was determined to help wounded service members returning from the Iraq War. He had been injured near Somalia a decade earlier and recalled arriving at a military hospital with nothing more than his hospital gown.
So Mejia started a small project to prepare and distribute backpacks with CDs, socks, and other comfort items for injured veterans. From this modest beginning, the Wounded Warrior Project (WWP) was launched.
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The central focus of this Finance Committee inquiry was whether “some private foundations are operating museums that offer minimal benefit to the public while enabling donors to reap substantial tax advantages.” Lawmakers wanted to know whether these organizations “provide sufficient public benefit to warrant continued 501(c)(3) tax exemption and all of the related benefits that accrue to the founders/donors.
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Do you think your nonprofit organization might just have what it takes to land a $100 Million grant? Then it's time to apply for the MacArthur contest!
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In California, all estates with assets over $150,000 must go through a court-supervised procedure called “probate.”
If you own a home in California – any home – that puts you way over this $150,000 statutory cutoff. That means you need an estate plan that includes a “living trust” – more formally called a “revocable, inter-vivos trust.”
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On June 16, 2016, the Internal Revenue Service made it happen: the long-awaited introduction of the machine-readable Form 990 (Modernized E-file, “MeF”). This will result in "a gusher" of information about nonprofits - made easily accessible to the public. Is your nonprofit's 990 ready for such a large reveal?
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Foundations today are “realizing the benefits of tools for funding charitable projects that do not neatly fall into one category or the other”; that is, investments or grants. These newly issued regulations should encourage foundations and their directors and managers to adopt innovative practices without fear of incurring crippling “jeopardizing investment” excise taxes.
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