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Nonprofit Law YOU Want to Know

Nonprofit Law YOU Want to Know

Nonprofit Law YOU Want to Know

We regularly feature answers to questions from readers in our “To the Point” column. The full list can be viewed here. Here are a few questions recently received from readers. Must board fire president? While the president of a 501(c)(3) nonprofit youth sports program is on leave of absence, it is discovered he spent nearly $300 of corporate funds on personal items including jackets, reading glasses, vitamins, beer and more. Given the Board's fiduciary responsibility, can they allow this person to continue in his position? --From the Website. First be sure your facts -- and more importantly, your interpretation of the facts -- are right. If the president has actually spent corporate funds...

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