The Nonprofit FAQ

What sorts of business deals can nonprofits do?

Jeanne wrote in CharityLaw (a service of CharityChannel.com) on June 17, 1999: I have a question regarding possible relationships between a nonprofit and a commericial company. My question is, what ARE the possibilities??? How can we legally and productively work with them, or can we? Mark Weinberg, of Weinberg & Jacobs, LLP, answered: Check out Mike Sanders' book Partnerhsips and Joint Ventures Involving Tax Exempt Organizations, John Wiley & Sons, Inc. 1994. This is what the publisher says in its blurb about this book: "A detailed examination of the laws, rules and regulations governing partnerships and joint ventures involving nonprofit organizations with an emphasis on maintaining exempt status. Contains a survey of other methods nonprofits can use to raise capital, a comprehensive review of the tax-exempt entity leasing rules and a review of the guidelines governing nonprofit eligibility for federal housing assistance programs." The 2007 3rd edition is published. Its list price is $215. If you want to order this book from Amazon.com, you can use this link (and the sale will generate a royalty which will be used to maintain the NONPROFIT FAQ): Order http://www.amazon.com/exec/obidos/ASIN/047003761X/internetnonprofi">Partnerships and Joint Ventures now. Posted 6/17/99; book reference updated 8/17/08 -- PB