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Gary M. Schuster, Esq. Recognized by Community Foundation of Orange and Sullivan Counties Press Release For more information, contact: Michele Babcock, Managing Partner J&G Law, LLP 845-778-2121 FOR IMMEDIATE RELEASE The law firm J&G Law, LLP (J&G) is pleased to announce that Gary M. Schuster, Esq. a partner concentrating in business and nonprofit law, has been recognized by the Community…

August 17, 2023 is National Nonprofit Day J&G Law, LLP (J&G), is excited to announce that August 17, 2023, marks National Nonprofit Day.  This serves as a reminder of the remarkable contributions nonprofit organizations make to communities and the world. In celebration of this significant day, Gary M. Schuster, Esq., a partner at J&G concentrating…

New Tax Law Affects Nonprofits The new tax law is quite lengthy and will require some time to review and analyze. However, the following provisions have been identified as having an effect on public charities. Increased standard deduction.  The standard deduction is increased to $24,000 for married individuals filing jointly, $18,000 for head-of-household, and $12,000…

Tax Law Changes Will Seriously Impact Nonprofits and the Rest of Us Last week I attended the annual board retreat of NYCON, the New York Council of Nonprofits. There was considerable discussion of the pending tax bill in Congress. According to New York State Comptroller DiNapoli, federal spending in New York during 2016 included $55…

Revisiting Related Party Transactions The New York Not-For-Profit Corporation Law was substantially amended in 2014. Among other things, those amendments introduced the concept of “related party transactions” in order to reduce the possibility of unlawful self-dealing by corporate insiders. A “related party” was defined as an officer, director or key employee of the nonprofit. A…

The Creative Industries in Orange County As seen in the December 2016/January 2017 edition of Business Watch (The Orange County Chamber of Commerce Newsletter). When you mention the arts, people naturally think of paintings, galleries, concerts and theaters. Orange County has these, but there is more. Arts are part of what economists call the Creative Industries which…

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…

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