On October 10th, the Tax-Exempt Fundamentals Committee of the Tax-Exempt Organizations section held its first class in the inaugural fundamentals series, an introduction to non-profit organizations, at the Boston Bar Association. At this program, speakers Judith Edington of Sullivan and Worcester, LLP and Russell Stein of Weil, Gotshal & Manges LLP provided an overview of non-profit organizations with a focus on public charities. The program covered a range of topics including fundamental differences between for-profit entities and non-profit entities, what "tests" an organization needs to pass in order to qualify as a non-profit, restrictions on charitable organizations as well as various different types of public charities.
The series will continue with four more classes on public charities in November, January, February and March. Next year's series, starting in September 2013, will focus on private foundations. There were approximately 30 attendees at the first class; a copy of the materials covered are available here in PowerPoint format.
Click here for more information on the next program in this series, scheduled for November 13th at 12:30 pm.