Tuesday, April 23, 2024
 

NY Tax-Exempt Organizations Run Afoul of IRS


This story came out a couple of weeks ago, and we’ve been meaning to mention it. Federal law prohibits nonprofits classified as 501 (c) 3 organizations from making political donations or participating in campaigns. Those that do risk losing their tax-exempt status. According to the New York Times, this seems to be happening quite often in New York.

A review of campaign-finance and federal tax records shows that at least 81 tax-exempt charities have given contributions to legislative candidates since 2005, with some organizations giving more than once to multiple candidates. While the amounts were not eye-popping, the contributions often flowed to lawmakers who helped the charities secure state money. The donations — by museums, churches, hospitals, even Little Leagues and soccer clubs — underscore the lack of oversight of lawmakers’ fund-raising practices in the state.

One wonders if these reviews are guided in part by politics and political affiliation. It would be interesting to research the political identities of the recipients. A word to the wise to tax-exempt New York arts organizations.

 

Comments

No comments so far.
  • Leave a Reply
     
    Your gravatar
    Your Name
     
     
     

     
     
 
Legal

Clancco, Clancco: The Source for Art & Law, Clancco.com, and Art & Law are trademarks owned by Sergio Muñoz Sarmiento. The views expressed on this site are those of Sergio Muñoz Sarmiento and of the artists and writers who submit to Clancco.com. They are not the views of any other organization, legal or otherwise. All content contained on or made available through Clancco.com is not intended to and does not constitute legal advice and no attorney-client relationship is formed, nor is anything submitted to Clancco.com treated as confidential.

Website Terms of Use, Privacy, and Applicable Law.
 

Switch to our mobile site