Contracts vs. Grant Agreements

When a nonprofit organization receives funding, it’s important for it to know if it should classify those incoming funds as receipts from a contract, or receipts from a grant.  How the funds are categorized can lead to very different outcomes for the nonprofit organization. For example, the characterization will affect the category of expense or […]

BoardSource Leadership Forum 2010 – Part II: Top Ten Legal Risks for Nonprofit Boards

In the session “Top 10 in 2010: Legal Risks Facing Nonprofit Boards” at the BoardSource Leadership Forum 2010, Melanie Lockwood Herman, Nonprofit Management Risk Center, and Jeffrey S. Tenenbaum, Venable LLP, presented their list of the top ten legal risks facing nonprofit boards: Exposures from social media use, misuse, and naiveté Going rogue: the unhappy […]