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Court Allows Note Holders to Sue
Officers and Directors for Securities Violations
Complaint is sufficient if it gives defendants notice;
It need not plead specific facts or knowledge
Full Article (free)
Court Refuses to Terminate Charitable Trust
Even Though Beneficiaries Agree
Attorney General opposes proposal to distribute
all assets outright to charitable beneficiaries
Insurance Carrier Must Pay Legal Fees
When It Fails to Provide Defense Under Policy
Court grants summary judgment to school to recover
costs of defense before carrier appoints counsel
Challengers Fail To Stop
Sale of Audubon Folio
Members presented no evidence that bylaw changes
expanding membership voting were not properly approved
Ready Reference Page
Grantmakers May Not Support Terrorism
Welter
of new and revised rules make it difficult
to know how to comply with governmental expectations
- Happy vacation
- Kramer to talk on Lobbying, Tax Returns
- Thursday with the Editor, September 1
To the Point
I understand that a foundation cannot make a grant to a nonprofit, where the grant is more than half of the agency's budget. For example, if a nonprofit's annual operating budget is $100,000, a foundation cannot make a grant of $51,000, the theory being that it may be able to exert undue influence and "tip" the agency to do the foundation's bidding. Is this true?Answer (free)
Lessons from Litigation
Full
Article
- Who are the victims? And for how much?
- Articles of incorporation are contract with nonprofit shareholders
Tax Matters Full Article
- Museum Foundation is private nonprofit
- Remote housing units not exempt
Employment Law Full Article
- Court invalidates
covenant not to compete
signed by home health agency field workers
Say That Again? (free)
What our readers say about Nonprofit Issues
Once again you've tackled a tricky question and explained it so we all can understand the issue.--M.V.
Thank you for your informative and keen advice on nonprofit matters. I believe its a unique and concise place to get answers to this often wispy area called nonprofit. --R.T.
