Welcome to your daily briefing on nonprofit developments in South Carolina. Today we're covering 6 key stories including updates on south carolina nonprofit headlines, background & context. Let's dive in.
3 stories
The South Carolina Association of Counties provides a grants page with funding and loan resources for county officials and employees.
Nonprofit professionals in SC who partner with or seek to influence county governments may find these same grant and low-interest loan resources useful for identifying potential funding streams.
The foundation is mobilizing charitable giving to build a stronger community through available grants.
SC nonprofit professionals can access funding to advance their missions and expand community impact in the region.
The South Carolina Department of Education maintains a grants webpage providing information about available funding opportunities.
SC nonprofit professionals seeking education-related funding can use this state resource to identify potential grant opportunities to support their programs and services.
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3 stories
The IRS-recommended COI policy requires (1) annual disclosure by all directors and key employees, (2) a process for review of any disclosed conflict, (3) recusal procedures, and (4) documentation in board minutes. Policies that have only the disclosure form without the review and recusal process do not satisfy the recommendation.
A weak COI policy is a Schedule L disclosure waiting to happen, and Schedule L disclosures correlate with future IRS examination selection.
Private inurement is benefit flowing to insiders (officers, directors, key employees); it is an absolute prohibition. Private benefit is benefit to outsiders that is more than incidental to the exempt purpose; it is a question of degree. Both can revoke exemption, but the legal analysis differs.
Insider transactions trigger automatic intermediate sanctions even when the exemption survives. Outsider benefit triggers a facts-and-circumstances analysis. Distinguishing them shapes the defense.
Negligent-screening claims arise not from failing to have a screening policy, but from failing to follow the policy that exists. A documented policy with inconsistent enforcement is harder to defend than no policy at all, because the deviation is evidence of negligence.
Insurance carriers tighten coverage on organizations with screening-process gaps. The cost of consistent enforcement is small; the cost of a single uninvestigated incident can close the organization.
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