10 Apr. 2014 | Comments (0)
If you missed The Conference Board’s webcast on proposed regulatory changes for 501(c)4 organizations, also known as social welfare organizations, it is now available on demand. Members of The Conference Board can watch it for free here.
These social welfare organizations are a powerful tool, because they are allowed to engage in political lobbying without disclosing who their donors are. Much has been made of such political activity and the extent to which these groups are funded by the “dark money” of corporations. This winter, the IRS and Treasury Department issued proposed regulatory changes for 501(c)4’s that attempt to provide guidance on the extent to which political activity can constitute the “social welfare” activity of these organizations. As webcast participant Wesley Bizzell, assistant general counsel at Altria Client Services, notes in the highlight below, it is likely that the new rules will impact the full range of ways in which corporations interact with these social welfare organizations as well as other tax-exempt groups such as unions, charities, and membership organizations.
Other participants in the webcast include:
- Stefan Passantino, Partner, McKenna Long and Aldridge LLC
- Marcel Buscescu, Assistant Director, The Governance Center, The Conference Board (moderator)