This third article in Club Director’s Philanthropy in Clubs series takes a more in-depth look into foundations. Three case studies highlight what can go wrong and include the key takeaways to be learned from each example.
This second article in Club Director’s Philanthropy in Clubs series provides an overview of the opportunities that exist for clubs that establish a planned giving program along with some ideas about how to get started and ensure the success of the program.
Are you concerned about trends in the club industry and their impact on your club? If so, now is your opportunity to download Clubs in Town & Country, the nation's most respected statistical review of the club industry.
Privacy is important and a club going too far aﬁeld runs the risk of losing its ability to select its membership and may be treated as a public accommodation.
The increasing popularity of private club foundations has caught the attention of those seeking to engage in charitable and related activities that support the club’s mission.
The rapid spread of Covid-19 has sparked a health and economic crisis affecting most industries worldwide. In the hospitality industry, the impact has been particularly sudden and severe.
The good news at this point in the coronavirus news cycle is that we’re becoming accustomed to rapid change and a new normal of business operations, or lack thereof. As the saying goes, the devil is in the details.
At the end of last year, many clubs received the exact same form letter from the IRS, Letter 6176 (4-2019) Catalog Number 72211B. The letter appears to have been generated by the IRS and sent to many 501(c)(7) exempt organizations reporting nonmember income regardless of the nonmember percentage of gross receipts.
Members join clubs for a variety of reasons, including golf, entertainment and networking, and in doing so, they become part of a close-knit community.
How could a change in the tax law passed in 2017 have a substantial impact on clubs today? Given the recent business disruptions caused by the coronavirus, unrelated business income might not seem like a big deal.