Nonprofit Panel Recommends Changes To Improve Transparency, Accountability
Proposals include new legislation, new regulations, and improvements to best practices for organizations

Foundation and Executive Liable For Failing to Make Promised Grant
Court affirms $477,000 default judgment, including $100,000 in punitive damages

Court Says Foundation Has Standing To Sue to Enforce Conditions on Grant
Donor may either enforce condition subsequent or assert reversionary interest in charitable trust

Risk and Reward
Protect Your Mission by Preparing for the Worst

Issues Notes

• November 29, 2005. Save the Date.
• Thursday with the Editor, July 14

To the Point

I incorporated a not-for-profit organization and appointed 3 other 
members to the board. Those directors now are trying to reshuffle and 
gain more power. What can I do?

Lessons from Litigation

• Court disregards nonprofit form of corporation
• Operating charity may receive bequest despite bankruptcy

Tax Matters

• House Committee holds hearings on easements

Employment Law

• Court enjoins former employee from filing claims

Say That Again?