Charitable Nonprofit Organizations Posts
At this year’s Annual Meeting on May 20, members of The American Law Institute voted to approve Tentative Draft No. 3 of Restatement of the Law, Charitable Nonprofit Organizations. Today’s vote marks the completion of this project.
In this video, Restatement of Charitable Nonprofits Reporter Jill R. Horwitz and Associate Reporter Nancy A. McLaughlin discuss Restrictions of Charitable Assets—including the creation, enforcement, modification, and release of restrictions.
In this video Reporter Jill R. Horwitz and Consultant Marion R. Fremont-Smith provide a glimpse into how the Restatement of Charitable Nonprofits will bring greater understanding to the complex area of law of charitable nonprofits.
At its meeting in Philadelphia on January 17 and 18, the ALI Council reviewed drafts for six projects. Drafts or portions of drafts for six projects received Council approval, subject to the meeting discussion and to the usual prerogative to make nonsubstantive editorial improvements.
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?
Here are some recent and upcoming events featuring topics that may be of interest to our readers.
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.