LAW 5516 - Not-for-Profit Organizations

Credit(s): 2
Prerequisite(s) or Co-requisite(s): Income Taxation I (LAW 5501) is a pre- or co-requisite course
This course presents the organizational and operational requirements for organizations exempt from United States federal income tax, as well as state tax, corporate and other laws relevant to nonprofits with special attention to those of the state of Louisiana. Particular attention will be paid to charitable organizations described in section 501(c)(3) of the Internal Revenue Code, such as churches, schools and hospitals, but the course will also examine a host of other organizations exempt from Federal income tax such as business leagues, social clubs and credit unions. The course will cover formation, governance, compensation, public charities and private foundations, unrelated business income tax, lobbying and political activities, fundraising, joint ventures and other issues.