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...
RISK MANAGEMENT
Insurance – Presentation for YNPN
On December 5, 2006, Melanie Herman, E.D. of the Nonprofit Risk Management Center, and I gave a very short presentation on insurance for the Young Nonprofit Professionals Network. I began the presentation with a discussion of liability. Liabilities Liability may be defined as a type of risk for which...
Online Privacy Protection Act – California
The Online Privacy Protection Act of 2003 (codified in Cal. Bus. Code Secs. 22575-22579), made operative as of July 1, 2004 (and amended in 2013), requires an owner of a commercial website or online service (“operator”) that collects personally identifiable information through the internet about individual California resident consumers...