Nonprofit Radio: Your Nonprofit in Politics

By: Emily Chen

Date: 12/6/2011

In this article, Emily Chen, highlights main points from her interview with Tony Martignetti. She starts off talking about the Internal Revenue Code Section 501(c)(3) Prohibition on Electioneering. She explains that nonprofit organizations are barred from making contributions to candidates running for election. They first talk about the consequences of nonprofits breaking these rules. “The penalty for violating this prohibition is revocation of tax-exempt status. The IRS does however have the option to impose intermediate sanctions; the intermediate sanctions are excise on taxes on the political expenditure with an initial 10% on the organization and a 2.5% on an organizational manager who knowingly approved the political expenditure.” To read more about the interview and how nonprofits are involved in politics click here:  http://www.nonprofitlawblog.com/nonprofit-radio-your-nonprofit-in-politics/

 

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