December 1, 2010 to December 31, 2010
Lead Stories
Directors, Officers Not Personally Liable To Creditors for Closing Nonprofit Home
Court finds no evidence of bad faith or fraud in actions leading up to bankruptcy filing
Deferred Charitable Gift Annuity Excluded from Bankrupt’s Estate
Court says arrangement qualifies as spendthrift trust under Uniform Trust Code
Courts Say Will Does Not Direct Specific Use of Gift to University
Money left for separate women’s “college” at Tulane may be used for women’s “institute” after reorganization
Risk and Reward
To the Point
Is that true?
The Finance Committee of our 501(c)(3) is dragging its feet on a proposal to offer our fundraiser on a shopping cart web site (cost of which is being donated to the group) which we would tie in with our regular web site. The site would also allow members to pay dues, as well as offer the public the option to make donations with their credit or debit cards. They feel it would jeopardize our 501(c)(3) standing. Is that true?
Lessons from Litigation