Paying it Forward--

This session will address the questions that should be asked by all budding philanthropists.  Whether you envision yourself working for a nonprofit or contributing to one, this session will get you started!  Chat with lawyers from MIT’s Office of General Counsel.

1. What type of organization will best suit your goals?

• Nonprofit corporation described in Internal Revenue Code section 501(c)(3)
• Private foundation versus public charity
• Fiscal sponsorships
• Donor advised funds
• Supporting organizations

Basic rules for what a section 501(c)(3) organization can and cannot do

Steps to take to form a nonprofit corporation

2. Other topics

     Joint ventures with for-profit organizations

    A new wave of philanthropy, called “impact investing,” has become commonplace.  It refers to charitable donors who want to do more than just make               unrestricted gifts but to bring business principles to the operation of a charitable organization.

    Operating abroad

Presenters: Lorry Spitzer (OGC )  and Richelle Nessralla (OGC)