Governance
Entries across the digest that deal with governance.
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Nonprofit & Religious
Private Inurement and Excess Benefit Transactions
No part of a charity's earnings may benefit an insider. A separate excise tax reaches excess payments to influential persons and to the managers who approved them.
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Nonprofit & Religious
Nonprofit Board Duties and Conflict-of-Interest Policies
Nonprofit directors owe fiduciary duties defined by state corporation law, and the federal annual return asks separately whether the organization maintains a written conflict-of-interest policy.
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Nonprofit & Religious
Fiscal Sponsorship: Structures and Written Agreements
Fiscal sponsorship lets a project raise deductible contributions through an existing charity. The model chosen decides who employs the staff, who owns the work, and who bears the risk.
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Nonprofit & Religious
Endowments and Prudent Management of Institutional Funds
A uniform act adopted in nearly every state governs how a charity invests and spends donor-restricted endowment funds, replacing the old floor at historic dollar value with a prudence test.
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Nonprofit & Religious
Volunteer Liability and Protection Statutes
Federal and state statutes protect uncompensated volunteers from liability for ordinary negligence within the scope of their duties, subject to exclusions that are wider than most organizations expect.
