Finding the Right Transparency

Today, more than ever, the public and government agencies are demanding nonprofits to be transparent. But concerns about having a realistic picture of internal operations, where money is going, and the effectiveness of the programs are countered by concerns of overburdened staff, increased administrative costs, and an invitation to...

Charity-Owned Limited Liability Companies

Charitable organizations exempt under §501(c)(3) that own real property may open themselves up to liability associated with such property (particularly from environmental and tort factors). In order to shield the charity from such liability, they may form a separate entity to hold real property. A common strategy employed by...