Court Allows University To Unrestrict Endowment Fund
Second request to lift limitation on spending was necessary to offer scholarships, avoid bond default

Trustee Not Liable For Losses on CRUT Investments

Choosing 90% equities in trust expected to last 50 years was not unreasonable

Nonprofit May Sue CEO Of Failed Credit Card Company
Court says president may be personally liable for commingling corporate funds and payments

RISK & REWARD
Governance Matters
By Melanie Lockwood Herman
Nonprofit Risk Management Center

Issues Notes

Groups may get bylaw critique at “This Year in Nonprofit Law”
Kramer to do bylaw webinar for PANO
Talk with the Editor, November 24

To the Point

What do we do with “knockoff”?

Lessons from Litigation

“Banana Lady” may sue for use of image to promote Expo
Subordinate church may not unilaterally disaffiliate from national

Tax Matters

Foundation denied supporting organization status
Air rights easement is not conservation easement

Employment Law

Employees may sue group home under FLSA
May physician with ADHD sue for retaliatory discharge?

Say That Again