School of Public Policy 697NL - ST-Nonprofit Law & Management

This course is designed for those who may be involved in nonprofit organizations at some point in their lives as directors, employees, volunteers, customers, funders, or founders. Students will create, fund, run, and dissolve a virtual 501(c)(3) public charity over the course of the semester, as we learn the opportunities and challenges that nonprofits can face. We will discuss the theoretical bases for the nonprofit sector and for tax exemption, formation and dissolution of nonprofit corporations at the state level, obtaining tax exempt status from the IRS, the charitable contribution deduction, fiduciary duties of the board of directors, the rules surrounding lobbying and political activity of nonprofits, charitable solicitation laws, unrelated business income tax, private inurement, and excess benefit taxes.