News & Analysis as of

Board of Directors 501(c)(3)

McGuireWoods LLP

Senior Living Alert: Good Governance Is Critical to a Nonprofit Organization’s Viability

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When serving on a nonprofit board, directors are required by state law to discharge certain fiduciary duties, including the duties of care and loyalty. These directors are entrusted with ensuring that the organization carries...more

Cooley LLP

Nonprofit Committees: Getting the Job Done

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Nonprofit organizations in the United States often form committees to carry out or monitor organizational tasks efficiently and effectively. Some committees act on behalf of the Board of Directors in fulfilling corporate...more

Felicello Law PC

Low Risk, High Rewards: Legal Protections for Non-profit Boards

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According to the National Council of Nonprofits, there more than 1.4 million 501(c)(3) charitable nonprofits in the United States alone. This nonprofit sector is a vital part of our national and local infrastructure,...more

Hutchison PLLC

What’s the Difference Between a Public Benefit Corporation and a B Corp Certification?

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At risk of stating the blindingly obvious, all founders of for-profit companies want their businesses to be profitable. It’s the table stakes for starting and running a business. But what if you wanted to do more?...more

McGuireWoods LLP

Special Care for Special Dollars: Endowments and Restricted Funds

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When donors place restrictions on the ability of 501(c)(3) organizations to use funds, directors must exercise care to meet their duties and responsibilities under state law....more

McDermott Will & Emery

Corporate Law & Governance Update - March 2019

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NEW AG ACTION FOCUSES ON CHARITABLE PURPOSES - New legal action by the Pennsylvania Attorney General against a prominent nonprofit health system is grounded in allegations of violation of charitable purposes. The...more

Mintz - Employment Viewpoints

New Tax Law Brings Penalties for Top Paid Non-Profit Executives

The “intermediate sanctions” rules under Section 4958 of the Internal Revenue Code have long governed the payment of compensation to executives of public charities. While these rules are highly prescriptive, if followed, they...more

Proskauer - Not for Profit/Exempt...

Brooklyn Supreme Court Recognizes Private Right of Action for Not-for-Profit Employees under New York Nonprofit Revitalization Act...

Not-for-Profit Corporation Law (“NPCL”) § 715-b, enacted as part of the New York Nonprofit Revitalization Act, requires New York not-for-profit corporations with 20 or more employees and annual revenue in excess of $1 million...more

Womble Bond Dickinson

Liability for Directors of Nonprofit Corporations

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Lawyers are often asked to serve on Boards of nonprofit corporations and if they do so, they will often be asked by other directors about the potential individual liability of a director for actions of the nonprofit, for...more

Nilan Johnson Lewis PA

Charities Participating in Policy and Protest: 2017 and Beyond

Recent demonstrations highlight a significant passion for expressing dissent and opposition to the Trump administration and its public policy positions. Given the dramatic increase in queries we have received from our clients...more

Pillsbury Winthrop Shaw Pittman LLP

Developments in Association Law 2015–2016

The Nonprofit Organizations Practice at Pillsbury has prepared this summary of significant legal and policy developments that have occurred in approximately the past year. All of these developments have potential impacts upon...more

Adler Pollock & Sheehan P.C.

Maintain Separation Between A Nonprofit And The Foundation That Supports It

A nonprofit corporation is a business with assets and liabilities just like any other business. When a nonprofit runs into financial trouble, its creditors usually do the same thing as creditors of a for-profit business: ...more

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