- Tuesday, 14 April 2015 16:13
A recent decision by the 3rd Circuit Court of Appeals is raising some eyebrows and hopefully causing some directors and officers of nonprofit corporations to think twice before taking a casual approach to their duties. The Court in In re: Lemington Home for the Aged upheld a jury verdict that found fifteen former directors jointly and severally liable for $2.25 million dollars for breach of fiduciary duties, and imposed punitive damages of $1 million and $750k against the two former officers.
- Monday, 02 March 2015 16:09
Almost everyone intersects at some point in their life with a nonprofit organization that provides access to opportunities for children or adults to learn and play sports. As many folks may be aware due to recent media coverage, even the NFL is a nonprofit organization (a 501(c)(6) organization, which covers organizations like business leagues and chambers of commerce). How (and whether) these organizations qualify as tax-exempt depends on the specific activities of the organization.
- Tuesday, 03 February 2015 17:28
Today the Minnesota Campaign Finance and Public Disclosure Board (MNCFPDB) released its findings of the investigation into ALEC, based on a 2012 complaint.
- Wednesday, 26 November 2014 17:18
Instead of sending out holiday cards, I prefer to give a contribution in honor of my clients to a local organization. Last year, I chose that organization myself – this year, you get to help me! Beginning on December 1st, I will be taking recommendations via my Twitter account (@RLOonNonprofits) of organizations that you think are worthy of my donation this year. I will also be posting pictures daily (mostly) with holiday themed items that I own, wear, etc. for purposes of indicating my self-proclaimed status as Santa Lawyer. The rules:
- Tuesday, 28 October 2014 14:24
I was recently asked to put together a quick article on "disqualified persons" in the context of the intermediate sanctions excise tax regime. Sounds fascinating, I know -- but it is very important for 501(c)(3) public charities and 501(c)(4) social welfare organizations to understand. Check out the article here.