February 1-28, 2014

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Lead Stories

Court Affirms Removal of Trustees, Order for Exec to Repay $2 million

Charitable nursing home failed to file required reports, or document exec’s claimed loans to the corporation

Ousted Directors Must Join Nonprofit in Suit to Recover Seats

Corporation is deemed a “necessary and indispensible” party for declaratory judgment

Court Grants Preliminary Injunction To Stop Removal of Collection Bins

St. Vincent de Paul claims that for-profit interfered with business relationship and destroyed clothing gifts
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Issue Notes
To the Point

Deduction for rent donation?

A donor to our nonprofit Hindu temple allowed us to use his investment property as housing for our priest. He refused to take the token rent we offered him and asked that it be counted as a donation. When we give him a donation letter at the end of the year, should we add this rent amount to the cash amount that he donated? Or should we spell it out differently?