Business Judgment Rule Protects
Some, But Not All, Directors
Court allows suit to proceed against director
who allegedly had personal interest in Board’s decision

Full Article (free)

May Donors Control Account
Holding Their Gift to Charity?
Court finds no violation of 501(c)(3) rules
and dismisses complaint against donors, board

Free Preview | Full Article

What a Difference
A Name Makes
Parties dispute whether hospital properly named
division and is entitled to endowment pledge

Free Preview | Full Article

Ready Reference Page - No. 106A
New “Core Form” 990 Presents
Revised Look for Nonprofit Finances--Part I
Page 1 shows 2-year comparison, gives space
to promote mission of the organization

Free Preview | Full Article

Issues Notes

• Save the Date. “This Year in Nonprofit Law” November 20, 2008
• Thursday with the Editor, August 7

To the Point

Can we use building fund for retirement pay?
Answer

Lessons from Litigation  Full Article

• Potential beneficiaries agree to split bequest
• Does insurance deductible apply per storm or per building?

Tax Matters Full Article

• Historic museum qualifies for state exemption
• Gift shop, meeting rental areas exempt from state tax

Employment Law Full Article

• Finger-biting security officer may be dismissed
• Court may hear retaliation claim by physician against hospital

Say That Again