Feb-07

IRS Announces Good Governance Guidelines for Exempt Organizations

On February 2, 2007, the Internal Revenue Service released a summary entitled “Good Governance Practices for 501(c)(3) Organizations.” In an informal presentation by Marv Friedlander of the IRS National Offi ce to members of the IRS Tax-Exempt Government Entities Council, Mr. Friedlander distributed the new guidelines. While acknowledging that the guidelines do not have the force of law, the IRS’s position is that charitable organizations that adopt these practices will be more likely to succeed in achieving their stated exempt purposes and in attracting public support. 

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