January 2015

Lead Stories

Volunteer Protection Act Does Not Protect Against Sanctions for Contempt of Court

Court says VPA was intended to protect volunteers against ordinary negligence, not to curb courts’ contempt power

Donor Lacks Standing To Enforce Conditions on Gift

Court says donor did not show that gift created trust

Court Says Suit Against Donors Violates Anti-SLAPP Law

Community members sought to stop Foundation from regranting gift to university for “commercial” project
Your Legal Questions Answered

How soon must treasurer provide financial records?

I understand that any member of a 501(c)(3) nonprofit corporation who asks the treasurer to see the financial data must be presented with it, but I am wondering if there is a deadline to provide it? We have a president/treasurer who has been refusing to give access to our financial records for quite some time. She has even gone so far as to remove a third signer from the bank account upon discovering that the third signer was looking at the information, has instructed the people in charge of our 'spirit store' (we're a parent organization at a school) not to give information to anyone, and has changed email and Paypal passwords in order to lock people out. There are several cash deposits that we have no visibility of at this point. How much time does she have between when someone asks in writing for the information and the time that she must provide it?