Articles
Foundation Director May Bring Derivative Suit Without Prior Demand on Directors
Court agrees that demand on majority of directors would be futile when claims involve their conduct and compensation
Club Can’t Compel Arbitration Based on Notice on Back of Renewal Form
Court finds member had no actual notice of requirement to arbitrate disputes with organization
House Tax Bill Would Significantly Affect Charities
National organizations say it would reduce incentives for charitable contributions
Senate Tax Bill Adds UBIT, Saves Johnson Amendment
Tax would be imposed on royalties, and on organizations for excess benefits
Foundation Liable for Punitive Damages In Receiving Gift Induced by Fraud
Board member induced bank employee to invest in his bank and then transferred the same amount from bank to foundation