Webinar: The Federal Landscape in Independent Schools: A Three-Part Series
SAIS is partnering with the Fisher Phillips team to offer insights on federal developments affecting independent schools. This three-part series will clarify emerging questions and identify practical considerations for school leaders and boards. Please note part 1 of the series has already passed.
Federal Scholarship Tax Credit
The Federal Education Freedom Tax Credit creates a new scholarship funding opportunity with implications for independent schools and the families they serve. Through the resources provided, explore the program’s structure, the roles of states and scholarship-granting organizations, and legal considerations as schools prepare to consider whether or not to participate in the program.
- Proposed Federal School Choice Regulations: What Private Schools Need to Know, Fisher Phillips
- About the Federal Scholarship Tax Credit, National Alliance for Public Charter Schools
- The Education Freedom Tax Credit, federalscholarships.com
- An Expert Explains How the Federal Scholarship Tax Credit Will Work, Education Week
- Federal School Choice Is Here. Is the Field Ready?, Education Next
- Federal Tax Credit for Scholarships, EdChoice
- A Lawmaker’s Guide to the Federal Education Freedom Tax Credit Scholarship Program, ALEC
- Now That Federal Tax Credit Rules Are Out, What States & Philanthropy Should Do, The 74
- Treasury Department Guidance Clarifies the Education Freedom Tax Credit, Holland & Knight
- Understanding the Federal Scholarship Tax Credit, FACTS
- What Does the New Federal Scholarship Tax Credit Program Mean for States?, Learning Policy Institute
Tax-Exempt Status and Nondiscrimination: Navigating the Proposed Rules
Proposed Treasury and IRS regulations raise significant questions about nondiscrimination requirements and independent schools’ 501(c)(3) status. Through the resources provided, examine the proposal’s potential reach across admissions, financial aid, and school programs, along with considerations for policy review and board oversight.
- Proposal Targets Tax-Exempt Status for Private Colleges and Schools: 5 Steps for Educational Institutions, Fisher Phillips
- Treasury and IRS Proposed Rules May Impact Tax Exemption of Independent Schools, Venable
- The IRS May Redraw the Tax-Exemption Line for Private Schools, Bean Kinney
- IRS Proposal Addresses Racial Nondiscrimination by Tax-Exempt Private Schools, Nixon Peabody
- Private School Tax Exemptions at Risk Under New IRS Rule, CSH&Co.
- Private Schools Face Shifting Landscape for Certifying Racial Nondiscrimination, Fox Rothschild
- Proposed IRS and Treasury Rules Tie Racial Nondiscrimination to Tax-Exempt Status for Private Schools and Universities, Buchanan Ingersoll & Rooney
- Racial Nondiscrimination in Private Schools, Council on Foundations
Office of Foreign Assets Control (OFAC): Understanding Schools’ Responsibilities
The U.S. Department of the Treasury’s Office of Foreign Assets Control administers sanctions that have implications for independent schools’ enrollment agreements, tuition payments, and other financial relationships. Through the resources provided, explore schools’ legal responsibilities and practical considerations for screening students, parents, and tuition payors against OFAC’s Specially Designated Nationals and Blocked Persons List and establishing appropriate compliance procedures.
- Are You Screening for Sanctions Compliance? 4 Steps Businesses and Schools Can Take to Reduce an Often-Overlooked Risk, Fisher Phillips
- How to Search OFAC’s Sanctions List, US Office of Foreign Assets Control
- Independent Schools and OFAC Enforcement: How to Protect Your Institution and Avoid Becoming the Next Headline, JD Supra
- OFAC Sanctions Compliance and Independent Schools: New Guidance, NBOA
- OFAC Sanctions Pose Unique Compliance Risks for Independent Schools, McDermott Will & Emery
- OFAC Settlement Signals Sanctions Risk for Schools, Thompson Coburn
- What Independent Schools Need to Know About OFAC Sanctions Laws, Venable