TAX SAVINGS FOR CHARITIES Nonprofit organizations are facing extraordinarily challenging times as the Covid crisis continues. Tax savings for charities is important as nonprofits that are classified as 501(c)(3) organizations under the Internal Revenue Code (often referred to as “charities”) have the benefit of exemption from various federal and state taxes. Now is the time…
COVID LOANS ARE AVAILABLE TO NONPROFITS THROUGH NEW YORK FORWARD LOAN FUND In response to the economic hardships caused by the COVID-19 pandemic, New York has created a loan program called the New York Forward Loan Fund (NYFLF) aimed at small businesses, small landlords, and nonprofits. NYFLF loans will not be forgiven. The loans must…
Beware COVID-19 Charitable Donation Fraud Beware COVID-19 Charitable Donation Fraud: As we all struggle through the COVID-19 health crisis, there is little doubt that in due course Americans will open their wallets to help those in need. We are a very charitable society and give billions of dollars each year to a wide range of…
Michele L. Babcock Elected to Sullivan County Chamber of Commerce & Industry Board of Directors Press Release For more information, contact: Valerie Gross J&G LLP, Director of Marketing and Business Development, 845-778-2121 FOR IMMEDIATE RELEASE WALDEN, NY – The law firm of J&G, LLP (J&G) is pleased to announce that Michele L. Babcock, Managing Partner…
Gary M. Schuster Re-Elected to NYCON Board Press Release For more information, contact: Michele Babcock J&G LLP, Managing Partner, 845-778-2121 FOR IMMEDIATE RELEASE WALDEN, NY – The law firm of J&G, LLP (J&G) is pleased to announce that Gary M. Schuster, Partner concentrating in not-for-profit, business, arts and entertainment, was re-elected for a third term…
Tips for Running a Nonprofit Almost every attorney and staff member at J&G volunteers for one or more nonprofits. We also represent dozens of nonprofits of all kinds. Here are some tips for running 501(c)(3) charitable nonprofits. Tip 1. Care, Obedience and Loyalty. Members of a nonprofit board of directors are said to have these…
Nonprofit Contributions: Aiming at Dark Money, but Hitting Nonprofits Governor Cuomo has just signed into law a measure intended to shine light on so-called “dark money” contributions to political candidates by some nonprofit organizations. The law was immediately criticized by a wide array of nonprofit and other groups as both overbroad and inadequate. The law…
