Duty of Loyalty – Part 2

In our earlier post on the Duty of Loyalty – Part 1, we discussed conflicts of interest, self-dealing (under California law), and excess benefit transactions. In this post, we’ll examine other aspects of the duty of loyalty: confidentiality and corporate opportunities. This post continues to address these fiduciary issues from the perspective of a...

El ABC de las Organizaciones Sin Fines de Lucro by Lisa A. Runquist

The ABCs of Nonprofits, now in its second edition, is an excellent resource for nonprofits, their leaders, and their advisors on many of the legal issues affecting nonprofits. Author and highly respected nonprofit organizations attorney Lisa Runquist has just made this valuable book available in Spanish. Here’s what Lisa...

Duties of the Treasurer of a Nonprofit Corporation

A Treasurer is typically charged with overseeing the management and reporting of an organization’s finances. Generally, as with other officer positions, the specific duties of the Treasurer are stated in an organization’s bylaws. Since an organization’s financial management is directly tied to the Treasurer’s responsibilities, the Treasurer’s execution of...

Take Action Today to Protect the Nonprofit, Religious, and Foundation Communities!

So far, 2,500+ charitable nonprofits, community and private foundations, and for-profit entities have signed the Community Letter in Support of Nonpartisanship to protect the 501(c)(3) community from the ravages of partisan politics.  The NEO Law Group is proud to have been one of the first organizations from all 50 states to have signed. Why? Because if the proposal...

Nonprofit Tweets of the Week – 3/24/17

Notable Events of the Week: FBI Director James Comey testified before the House Intelligence Committee, asserting that the FBI was investigating the Trump campaign’s ties to Russia and repudiating President Trump’s unsubstantiated and seemingly unhinged allegation that the Obama administration had wiretapped his New York offices. The Associated Press reported that President Trump’s former campaign manager,...

FTC/NASCO Conference on Consumers, Contributions and Charity

On March 21, 2017, the Federal Trade Commission (FTC) and National Association of State Charity Officials (NASCO) hosted Give & Take: Consumers, Contributions, and Charity, a conference exploring charitable solicitations and consumer protection issues. Americans are among the most generous people in the world, contributing more than $373 billion to...