AboutHarvey Mechanic Expertise Federal tax issues of nonprofit 501(c)(3) public charities only. Establishing and maintaining legal requirements for such non-profit organizations in the United States, including Internal Revenue service filings and requirements. I will not be working on this free forum to answer question about Nonprofit's Unrelated Business or how to fill out forms. This forum is only for legal questions about a specific nonprofit asked by members or those otherwise directly effected by the specific nonprofit organization.
Experience I have been practicing law and especially the law of nonprofit organizations since 1990 when I was admitted to the New York Bar.
Expert: Harvey Mechanic Date: 7/15/2008 Subject: Investment regulations for a new, potential non-profit
Question Hello,
I am wondering what the best source of information is regarding investment regulations for non-profits. I am part of a new non-profit operated by University of Michigan students and as we develop our investment strategies for our private foundation, we want to make sure that we are following all applicable investment regulations. For example, do we need to have X% invested in fixed income? Or X% invested in securities?
Any information you have, or sources for more information, would be most appreciated.
Thank you in advance.
Answer This forum is only for federal tax questions regarding 501(c)(3) public charities as I have explained in my profile. The federal standard is the same approximately as the fidiciary standard of trustees, i.e. no highly speculative investments. Your state may have other standards.
Harvey Mechanic
Attorney At Law
Harvey108@hotmail.com
