By NEO Law Group
An engaged board can be one of the most important organizational assets of a nonprofit. But nonprofit boards are often underutilized and are not always effective in significantly advancing an organization’s mission. Educating boards and executives about their legal duties, practical steps to take to effectively meet those duties, and best practices in mitigating exposure to organizational and personal liability/harm is key to establishing board engagement and effectiveness.
The following are some of the highlights from the 2022 Western Conference on Tax Exempt Organizations (WCTEO). After a two-year hiatus from in-person meetings, It was great seeing and speaking with new and old friends and colleagues practicing, teaching, and writing in the area of nonprofit and exempt organizations...
The ALI Restatement of the Law, Charitable Nonprofit Organizations (the “Restatement”) provides: “A fiduciary of a charity has a duty to: … ct in good faith and in a manner the fiduciary believes to be in the best interests of the charity in light of its purposes ….” The...
The 26th Annual Western Conference on Tax-Exempt Organizations (WCTEO), my #1 go-to conference every year for the past 17 years, will be held at the Omni Hotel in downtown Los Angeles on Thursday, December 1, and Friday, December 2. You can register for this in-person conference jointly hosted by...
Nonprofit leadership is old. Literally. In age and in thinking. And the world is changing faster than these leaders can respond or get ahead of in part because they lack diverse perspectives and aren’t prioritizing the engagement of younger generations. When I suggested the engagement of younger persons (my...
On July 28, 2022, the Nonprofit Quarterly presented an intriguing and highly insightful webinar, Changing the Subject: Boards As Social Movement Spaces. It featured Dr. Carmen Rojas, President and CEO of the Marguerite Casey Foundation, Makiyah Moody, Founder and President of Kairos & Heart LLC, and Jenifer Gager Holland,...
Multiple Vehicles for Individual Philanthropy Anyone can dream … but I’m not convinced this is necessarily a dream scenario. Aspiring to be a billionaire appears to come with difficult concessions, serious risks, and major changes to relationships and activities. But at first blush, it sounds cool to be able...
In 2021, Anne Wallestad, the widely respected former CEO of BoardSource, wrote one of the most important articles on nonprofit governance I’ve ever read, The Four Principles of Purpose-Driven Board Leadership (Stanford Social Innovation Review). We’ve previously written about the article’s proposed governance model here and here. The article emphasized that...
Restatement of the Law, Charitable Nonprofit Organizations is a treatise on the law of charities published by the American Law Institute. Restatements are highly respected secondary sources relied upon by lawyers, academics, judges, and others as persuasive, but not binding, authority. This Restatement, published in 2021, is the first one...
Congratulations on your first year as a nonprofit corporation exempt under Section 501(c)(3) of the Internal Revenue Code! Your first anniversary is a notable milestone and a chance to take a quick look back as it relates to moving forward with impact and compliance. This post is written partly...
Many of us serve as volunteer board members of a charitable nonprofit organization. But some nonprofit board members get paid for their service. There are strong feelings about the propriety of compensating nonprofit board members that are worth exploring before arriving at any conclusions. The Law Federal tax laws...