Transitioning Sponsorship

A fundamental part of the life and work of religious is carrying on the mission of Jesus in the world of today. Most institutes have a specific mission or a particular way of doing ministry that inspired their founding members, and that continues to animate generation after generation.... Read more...

Mystics & Prophets: Giving Voice - National Conference

Mystics & Prophets: Giving Voice - National Conference: Here are some notes from the national conference of younger women religious held in California in early July. We are building the bridge w...

Alienation

The amount for alienation of real property and for acts of extraordinary administration (financial transactions that could be adverse to the patrimonial condition of a religious institute, such as indebtedness) is presently $5,705,000. This amount is set pursuant to an indult granted on December 5, 2003, by the Congregation for Institutes of Consecrated Life and Societies of Apostolic Life to the three Conferences of Religious Superiors in the United States (CMSM, LCWR, and CMSWR). The indult established a base amount of $5,000,000 with an annual adjustment linked to the consumer price index as determined by the three Conferences. Only CICLSAL has authority in this matter and has not withdrawn or modified the 2003 indult, nor issued a new indult.

Exempt Organization Application Slowdown

Social sector organizations should be aware that there will be ongoing delays for work handled by the IRS Exempt Organizations Division. In light of the recent controversy around the processing of applications for 501(c)(4) status, the entire system is experiencing delays. The article also discusses Marcus Owens' comments at a recent industry conference regarding the Division. Owens was the head of the IRS EO Division for ten years beginning in 1990 and is now a member at the law firm Caplin & Drysdale. Read more.