"Why or why not should one be incorporated?" is the question American lawyer Don Kramer asked in his Weekly E-Newsletter back in 2010.
For Mr. Kramer, the question is a legal one. The pros and cons that he outlines deal with personal liability and procedural/substantive questions. His fantastically succinct answer refers to state statute...Read more »
Israeli charities (amutot in Hebrew) rely on donations from overseas – no secret there. Many foreign-based charities choose to create an American based nonprofit, more commonly referred to as a “Friends of” organization so donations can be tax-deductible vis-a-vis the American Federal Government. (In a previous post, I spoke about IRS trends when...Read more »
PayPal is coming to Israel, reported Haaretz on September 13th. While this is great news for those individuals buying up those priceless items on eBay, nonprofits should be a little less enthusiastic.Read more »
But, alas, in Israel the answer is no...kind of. Cryptic, but true. That is to say that in my experience as a banker, I have both ordered credit cards for charities that wanted them and canceled credit cards for charities that were told it was "illegal" to have them.Read more »
Even before the dust settles in the States, Israel and her charities will already start to feel the effects from last week's scandal.Read more »
In a previous post, I mentioned that a loan and a line of credit serve the same purpose. While that may be true in a broad sense, they actually can be quite different. Hence, the different names. The bank will look at both types of credit the same way, evaluating the...Read more »
It is logical to assume that if a bank wants to appeal to the nonprofit community then it has to understand the nonprofit organization's way of thinking (that's where I come in). The opposite should also be true. If a charitable institution wants to appeal to a bank then it must understand...Read more »