Wednesday, November 27, 2019

Two More Newspapers To Become 501(c)(3) Nonprofits

Download (1)A previous post described the announcement by the now nonprofit Salt Lake Tribune that it had been formally recognized by the IRS as tax-exempt under Internal Revenue Code section 501(c)(3). Now at least two other news publications have announced plans to take the same path. The Chicago Reader, an alternative weekly paper founded in 1971, announced that it will be moving to a nonprofit model in 2020 (hat tip: Nonprofit Quarterly). And Fauquier Now reported that the weekly Fauquier Times will essentially be given to the section 501(c)(3) Piedmont Journalism Foundation, along with several other publications and their related websites. 

Lloyd Mayer

https://lawprofessors.typepad.com/nonprofit/2019/11/two-more-newspapers-to-become-501c3-nonprofits.html

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