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The major change in UPMIFA compared to the previous model law (the Uniform Management of Institutional Funds Act) is that it replaces a requirement that nonprofits cannot spend below the original value of contributions or "historic dollar value" (HDV) with a new requirement that their investing and spending will be at a rate that will preserve ...
If an organization is to qualify for tax exempt status, the organization's (a) charter — if a not-for-profit corporation — or (b) trust instrument — if a trust — or (c) articles of association — if an association — must specify that no part of its assets shall benefit any people who are members, directors, officers or agents (its principals).
A federal judge on Friday temporarily blocked part of a Georgia law that restricts organizations from helping people pay bail so they can be released while their criminal cases are pending. U.S ...
Some converted nonprofits may not be legitimate. [12] A Government Accountability Office report about the problem is anticipated. [13] Art Institutes (converted in 2017) [14] Ashford University became non-profit in 2018 and was subsequently acquired by the University of Arizona in 2020. Baker College in Michigan became nonprofit in 1977.
The university senate approved the College of Commerce and Business Administration on June 9, 1914 at the request of David Kinley, a university vice president who would later serve as president of the University of Illinois. [7] The college was officially formed on April 27, 1915, through a vote of the University of Illinois Board of Trustees.
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Non-profit organizations based in Chicago (2 C, 210 P) Pages in category "Non-profit organizations based in Illinois" The following 68 pages are in this category, out of 68 total.
The Georgia Tech Foundation provides financial assistance to the Georgia Institute of Technology. It was founded in 1932 and chartered under the tax laws of the United States as a non-profit 501(c)(3) corporation. In 2013, the Foundation provided $130.8 million in support of the Institute, including $20.7 million in scholarships, fellowships ...