Legal Advice on 501(c)(3) Status

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Overview

Role: 
Advisor
Estimated Time: 
To be determined
Collaboration style: 
Set own schedule. Volunteer remotely. Volunteer in- person. Work closely with professional staff.
Project Duration: 
To be determined
The California Israel Chamber of Commerce
www.ci-cc.org

Scope & Deliverables

The California Israel Chamber of Commerce (CICC) is currently a 501(c)(6) organization which prevents it from getting certain grants. The Executive Director seeks legal advice regarding what is required to establish the organization as a 501(c)(3), and the pros and cons of obtaining this status vs. its current 501(c)(6) status.

Organization Description

The California Israel Chamber of Commerce, located in Los Altos, is a not-for-profit, industry-supported organization dedicated to promoting and strengthening thought leadership, business, investment, entrepreneurship, technology and trade relations between the business communities of California and Israel. CICC provides a networking platform for joint venture programs between the two communities.

Project Results

Having 501(c)(3) will allow the CICC to apply for grants and donations to support its mission to build a stronger business and commercial alliance between California and Israel. For example, CICC guides Israeli companies in different stages of their business life cycle who seek to expand their business in the U.S. Thus far, CICC has partnered with Intel, Google, Facebook, Cisco, Oracle, Microsoft, EMC, PayPal, SAP, to name a few.  CICC also has showcased and launched hundreds of Israeli technologies, as well as assisted U.S. investors and technology companies in identifying unique ventures and collaborating with partners in Israel.

Required Skills/Experience

Tax or corporate lawyer experienced with 501(c)(3) regulations