Directors of Nonprofit Corporation Have No Fiduciary Duty to Members Court dismisses case claiming that director breached fiduciary duty to member Lead Stories
Boy Scouts May Sell Camp Held in 80-Year-Old Trust Court says proceeds must be used for camping by local scout troops Lead Stories
Nonprofit HOA May Use Subchapter V To File Small Business Bankruptcy Plan Court says HOA is “engaged in commercial or business activities” and may use simplified process for reorganization plan Lead Stories
DAF Assets Rise Almost 10% in 2023, But Contributions to DAFs Drop 21% Total number of funds, payout rate, and value of grants remain essentially the same in National Philanthropic Trust report Lead Stories
Bank Trustee of Charitable Trust Breaches Duty of Trust to Beneficiary Absent evidence to the contrary, commercial loan between trustee and beneficiary of trust was presumptively fraudulent Lead Stories
Appeals Court Sets Standards For (c)(4) Social Welfare Groups “Substantial” nonqualifying activity prevents exempt status; if followed, ruling could revolutionize political world Lead Stories