LAW 648LEC - Nonprofit Organizations

The nonprofit sector constitutes a significant portion of the economy of the United States and employs millions of people. The sector is very diverse. It includes hospitals, private schools, colleges and universities, other types of educational organizations, human service organizations, museums, arts and cultural institutions, scientific research organizations, community development organizations, environmental protection organizations, legal aid clinics, public interest law firms, charities and foundations, and others. This course will examine the unique provisions of the law that govern the formation, operation (including matters of compliance, corporate governance, and best practices), and regulation of such organizations. We will consider the types of organizations that qualify for exemption from federal income tax under Section 501 of the Internal Revenue Code and the requirements for exemption, with a primary focus on 501(c)(3) organizations. We will also consider the extent to which such organizations may nevertheless be subject to income tax.

Credits: 3