August 16-September 15, 2005

Welcome to Our Online Edition

The following newsletter articles are available to subscribers or for individual purchase. Non-subscribers can read the previews or subscribe.

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)

Even Though Beneficiaries Agree

Attorney General opposes proposal to distribute
all assets outright to charitable beneficiaries

Free Preview | Full Article

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

Free Preview | Full Article

Challengers Fail To Stop
Sale of Audubon Folio

Members presented no evidence that bylaw changes
expanding membership voting were not properly approved
Free Preview | Full Article

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

Free Preview | Full Article

Issues Notes

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)


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Materials prepared by Nonprofit Issues contained in these pages is copyrighted by Nonprofit Issues, Inc., 2009-2012.

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