Current Edition
April 1-15, 2010
Last Issue: March 1-31, 2010

Director’s Advances to Charity
Lost in Bankruptcy
Court denies nearly $1 million in “loans”
not documented and made without authority
Full Article (free)

Court Can’t Reduce Penalties
On Nonprofits Filing Late Tax Returns
Tax Code gives courts no discretion
to override amounts set by statutory formulas
Free Preview | Full Article

Dissolved Foundation Lacks
Standing to Contest Use of Gift
Court says grant did not create
either constructive or resulting trust
Free Preview | Full Article

Nonprofit Law You Need to Know
Who determines the value of in-kind contributions? 
May sole remaining officer appoint new officers?
Is it legal to call business “Charity Boutique”?
May President appoint self to head committee?
Is “political action” a red flag to the IRS?
Is board at risk without insurance?
Full Article

Issues Notes

• Join our Webinar on Bylaws
• Kramer, Emerson to reprise ALI-ABA webinar on Form 990
• Nonprofit Issues® adds search capability
• Ask the Editor, June 10

To the Point

Can we sell ads in our nonprofit newsletter?
Answer

Lessons from Litigation  Full Article

• Trust reminder goes to fund to replace nursing home

Tax Matters Full Article

• Provena Hospitals finally loses real estate exemption
• Payment to charitable foundations is not “business expense”

Employment Law Full Article

• “Reed thin” evidence permits bias case to continue

Say That Again