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Nonprofits

Comptroller audit finds SUNY schools did not follow residency requirements

ALBANY, N.Y. — A recent survey found that seven State University of New York (SUNY) campuses, including ones in Binghamton and Syracuse, did not uphold in-state residency requirements so that only eligible students received the benefit of the lower in-state tuition, according to New York State Comptroller Thomas P. DiNapoli. SUNY is the nation’s largest […]

VIEWPOINT: Can “Business” Activities Ever Be Charitable? N.Y Thinks Not

As we previously summarized in a prior article (https://www.bsk.com/news-events-videos/irs-provides-long-awaited-formal-guidance-on-501-c-3-llcs), the IRS recently brought much-needed clarity for limited liability companies (LLCs) seeking to be recognized as tax-exempt under Internal Revenue Code Section 501(c)(3). (IRS Notice 2021-56). Given this new guidance, we expressed optimism for expanded use of 501(c)(3) LLCs, which can have significant advantages over nonprofit corporations

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