Current
Edition
February 1-15, 2007
Last Issue: January
1-31, 2007
State
Senator Indicted for Victimizing
Charities for Personal Benefit
Charges include Sarbanes-Oxley counts for destroying emails
after becoming aware of federal investigation
Full Article (free)
Founder
Who Resigned May Proceed
With Suit to Regain Board Chairmanship
Court recognizes claim by donor for naming rights,
but declines to accept jurisdiction to hear case
Auditors Not Liable for Statements
When Officers Misrepresent Data
Bankruptcy creditors can’t collect because corporation
was equally at fault with the accountants
Ready Reference Page No. 98
Indictment Spells Out Claims of Benefit,
Obstruction of Justice by State Senator
Grants outside service area, improper political activity,
and misinformation to accountants are basis for criminal charges
- Nonprofit
Issues®
to provide monthly access rates;
subscribers will get new passwords - Discuss the issues and Ask the Editor, March 15
To the Point
I
have dissolved a scholarship fund and have requested that
the balance be refunded to me. The director told me that it
could not be done because it would violate the rules of Section
501(c)(3). Is this correct?
Answer
Lessons from Litigation
Full
Article
- Members may remove directors
- Bargain sale is not fraudulent conveyance
Tax Matters Full Article
- IRS publishes good governance practices
Employment Law Full Article
- Foundation and hospital not “joint employer”
- It doesn’t pay to misspell client’s name
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