Governance—A Tale of Good Intentions A Classic by Carol Henn, former E.D. of Lehigh Valley Community Foundation Ready Reference
How do you close a nonprofit? If you sell the assets, what happens to the money? Legal Questions Answered Add new comment Sign-up for our free weekly Q&A
Court Protects Restricted Assets From Creditors on Dissolution Museum’s restricted collection may be sold subject to continuing restrictions under “quasi cy pres” doctrine Lead Stories
Is Exec Entitled to Advanced Legal Costs In Suit by Employer for Theft? Court must make independent review of known facts before denying advance Lead Stories
Language of Trust Allows School to Contract Court looks to IRS Regulations to determine definition of “regular” enrollment of students Lead Stories
Directors, Officers Not Personally Liable To Creditors for Closing Nonprofit Home Court finds no evidence of bad faith or fraud in actions leading up to bankruptcy filing Lead Stories
Deferred Charitable Gift Annuity Excluded from Bankrupt’s Estate Court says arrangement qualifies as spendthrift trust under Uniform Trust Code Lead Stories
Courts Say Will Does Not Direct Specific Use of Gift to University Money left for separate women’s “college” at Tulane may be used for women’s “institute” after reorganization Lead Stories