December 1, 2013 to January 31, 2014
Lead Stories
Bankruptcy Trustee May Void Gift If over 15% of Donor’s Income
Circuit Court of Appeals reverses District Court which had allowed recovery only of excess over 15%
Nonprofit Benefits Administrator Can’t Spend Funds on Union Election
Court says action violated articles of incorporation, bylaws, and policy against use of public funds for private benefit
Members May Call Special Meeting Without Asking Secretary to Send Notice
Court says bylaws permit direct action for members to call special meeting to oust directors
Ready Reference Page No. 127
IRS Proposes New Regulations For 501(c)(4) Social Welfare Organizations
Attempt to define “candidate-related political activity” leaves key issues unresolved, draws fire from left and right
To the Point
Should employee use credit card for other business?
Our church has an employee who also works for another nonprofit organization. He frequently uses our church credit card to make purchases for this other nonprofit, which later reimburses the church. Is this considered a legal practice?
Lessons from Litigation