Charitable Nonprofit Organizations Posts
A great deal of wealth in the United States is controlled by charitable nonprofit organizations. Yet, an authoritative statement of the law in charitable nonprofit organizations does not exist. The law of charities, drawn as it is from various other parts of the law, in many aspects remains confusing and incomplete. It is difficult for somebody who has not worked in this field to manage all these sources. This is the basis for the Restatement.
At your next board meeting, management mentions plans to launch a marketing affiliation with a well-known charity. The cause seems like a good one; your company will gain social and public relations benefits, and all sides seem to win. However, some corporations have followed this line of thinking to disaster, when the charity brought hidden legal or financial landmines, or triggered an awkward media relations debacle. As a board member, what questions should you ask before your company seeks to do good?
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The contemporary role of the state attorney general to protect charitable assets and interests, as well as the justifications for this authority, stemmed from the application of the Crown’s powers over charitable trusts by its senior lawyer, the attorney general.