Ofer Lion quoted by Tax Notes Today

Ofer Lion was quoted in a July 19 story “DNC Host Committee Adviser Says Exemption Doesn't Matter” from Tax Notes Today on how the host committee for the Democratic National Convention in Philadelphia doesn't yet have IRS recognition of its tax-exempt status, but thanks to an arrangement with the city's convention and visitors bureau, that shouldn't make any difference regarding the treatment of donations. Lion said that the Philadelphia committee's arrangement with that city's convention bureau makes sense as long as the board of directors of the convention bureau's foundation believes the grants fit within its mission and the foundation keeps total "discretion and control" over funds received from individual donors.