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Nonprofit Basics: What You Need To Know About Expenditure Responsibility

February 6, 2023 Podcast
EO Radio Show – Your Nonprofit Legal Resource

Welcome to EO Radio Show – Your Nonprofit Legal Resource. Have you ever heard the phrase, “you’ll have to exercise expenditure responsibility as a condition for giving or receiving a grant,” and then decided to just go do something else? It’s too hard, too complicated, gets IRS scrutiny, just too scary. Expenditure responsibility, or “ER” as the foundation world refers to it, won’t send you to the ER but it can be bewildering and confusing until you’ve been on the giving or receiving end a few times. But it is really not that complicated. In this episode, I’ll explain what it is, why and when it applies, and how to comply with the requirements.

Resources:

IRC Section 4945(h) – Expenditure Responsibility

EO Radio Show EP 1: Nonprofit Basics: Overview of Nonprofit Charitable Organization Types: Corporation, LLC, Trust, Association and Fiscal Sponsorship

EO Radio Show EP 5: Nonprofit Basics: Navigating the Complex Rules That Describe A Public Charity

EO Radio Show EP 18: Nonprofit Basics: Operating Foundation Rules

If you have suggestions for topics you would like us to discuss, please email us at [email protected]

Additional episodes can be found at EORadioShowByFarella.com

DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

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