On the Record: Charity Laws Face Changes

These proposals represent significant changes in how exempt organizations operate and are regulated. It is too early to tell, however, if any or all of the proposed changes will make it into law. But nonprofits would be well served to be on high alert.

Kathleen Stephenson is of counsel with the Philadelphia office of Pepper Hamilton LLP. Lisa Petkun is a partner in the tax department of Pepper Hamilton. On the Record keeps readers up to date on the latest tax and planning issues pertaining to fundraising endeavors and charitable organizations.