Nonprofit

Are foundations of public universities too secretive?

Foundations of Public Universities: Too Secretive?

08:00 14 June in Board Governance, Endowments, Nonprofit, Private Foundations, Supporting Organizations

They have been called “‘slush funds’ and ‘shadow corporations’ that too often operate in secrecy, ….”   “Public officials are raising questions about the spending practices of the nonprofit fundraising arms of public universities,” according to the Council of Nonprofits. They control huge amounts of money...

many different ropes

Group Exemptions: A Primer

08:00 22 April in Blog, Nonprofit

We’ve heard a lot recently about national 501(c)(3)s with affiliates around the U.S. Some are merging with compatible, multi-chapter organizations; others are coming apart at the seams. With fundamental reorganizations come lots of tricky legal issues: ownership of the corporate name, control of assets, and personnel...