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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