Directors of Nonprofit Corporation Have No Fiduciary Duty to Members

Court dismisses case claiming that director breached fiduciary duty to member

A director of a nonprofit corporation has a fiduciary duty to the corporation but only to the corporation and not to the individual members of the corporation, a federal District Court in New Jersey has ruled. It has dismissed, without leave to amend, a second amended complaint by a member of the National Association of minor league baseball teams against a member of the board.

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IRS Form 990: Public Relations Opportunity or Trap for the Unwary?

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October 29, 2024

Marketers love to make their prospects feel special. But they sometimes don’t seem to want you to think about what they say to do it.

I received two items recently that made me wonder what they were thinking.

I got a package of discount coupons in the mail that touted a “specially curated” set of offers. I thought they might have my personal interests at heart until I saw it was addressed to “Resident.”

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Directors of Nonprofit Corporation Have No Fiduciary Duty to Members

Directors of Nonprofit Corporation Have No Fiduciary Duty to Members