The Doctrine of Cy Pres (“Cy Pres” or “the doctrine” for short) is derived from French, meaning "as near as possible" (aussi pres que possible, in modern French). The doctrine, as it relates to charitable giving, is particularly applicable in trusts and estates law.
NGOsource will be featuring a new blog series called "ExpertEASE," intended to complement our existing LegalEASE blog. These periodic articles will feature the expertise of a member of the international grantmaking community to help shed light on issues of interest to our community. For this first issue, we've asked Crown Agents Bank to provide a background on what it means to be a "correspondent bank," as well as some of the key obstacles that charities face in the delivery of grants abroad.
Many of our NGOs and grantmaker members ask about the Form W-8. In this post we’ll explain the purpose of this form as well as the meaning of “withholding” for U.S. tax purposes. Generally, all non-U.S. residents and entities that receive payments from sources in the U.S. are subject to U.S. tax. This standard tax rate is set at 30 percent of income received. Income items that are subject to this tax include dividends on U.S. securities as well as grants or payments for services from U.S. entities, including businesses and foundations.
Every single day, NGOs around the globe work tirelessly to give voice to the voiceless and make the world a better place. The COVID-19 pandemic has created an unprecedented demand for NGOs to prioritize the safety and well-being of their colleagues, constituents, and stakeholders. This month, we are highlighting a few of the countless NGOs that NGOsource works with that are taking extraordinary measures to act within the constraints of the pandemic and use this opportunity to make lasting change.
As part of the equivalency determination (ED) process, NGOsource requests an organization's formation date. Among other things, this helps us establish whether it is a new organization that requires a heightened level of analysis with respect to its anticipated public support.
NGOsource cares deeply about the health and safety of our staff, partners, NGOs, and members. We hope that you are taking the necessary precautions to protect yourselves and your loved ones.
La 27e Région is an innovation lab dedicated to transforming the public sector in France through citizen-centric design. Based in Paris, La 27e Région was first developed in 2008 in partnership with the Next Generation Internet Foundation (FING) and with support from the Associations of Regions in France (ARF). It has been an independent nonprofit association since 2012.
As many of our readers are aware, the European Union (EU) General Data Protection Regulation (GDPR) went into effect on May 25, 2018. Although GDPR is an EU regulation, its impact is global. This is because GDPR protects the information of EU residents, no matter who is processing that information, or from where.
Since 2007, Libraries Without Borders has worked to bring knowledge to those who are the most in need. Libraries are simultaneously excellent places for personal development as well as for collective work. However, they are too often absent in those places where they could have the most impact.