March 1-16, 2004 Issue
Welcome to Our First Online Edition
State Court Says Federal Excess Benefit Tax Standards Should Be Considered in Determining Fairness of Payment
Church may consider past service in determining payment,
and is not limited to previously contracted amounts
Full Article | Comments from Readers
Nonprofit
Wins Legal Fees Under EAJA,
But Court Slashes Request by Almost 80%
Attorneys' records
do not show why time that looks
excessive and redundant wasn't excessive and redundant
Beneficiaries of CRUT Have No Standing to Sue For Breach of Fiduciary Duty by Investment Manager
The
Trustee alone has standing to pursue claim
since the Trustee represents the interests of all
Nonprofit Corporation
Must Indemnify Treasurer
Who Successfully Defends Against Defamation Suit
Statute requires
indemnification where director is "wholly successful"
in a proceeding in which he is named because of his service
as director
Library May
Sell Native America Collection
to Bolster Finances and Ensure Viability
Court says purpose
of gift to enhance status
would be frustrated by denial of approval to sell
Issues
Notes
Kramer and Sikes to lead PBI programs
Thursday with the Editor, March 25
Lessons from Litigation
Medical
Residents may pursue antitrust claim
ED gets 8 months for misapplication
of federal funds
Catholic plan elects ERISA
to avoid local regulation
Illinois Hospital loses
real estate tax exemption
Insurance excludes damage
by excavation next door
PA Supreme Court invalidates
lifetime ban on hiring
To the Point
The business hosting our annual fund raising dinner in its auditorium wants to deduct the rental value as a charitable contribution. Is it appropriate to do so?
Employment Law
Courts enforce covenants not to compete
Risk and Reward
Monitor Visitors to Improve Facility Safety
Many people have a narrow
view of who constitutes a "visitor" to their facility
Tax Matters
Court denies exemption for Peoples Prize
The Tax Court has affirmed an IRS decision to deny charitable
tax exempt status for Peoples Prize
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Once again you've tackled a tricky question and explained it so we all can understand the issue.--M.V.
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