The recent IRS scandal confirms that the IRS is capable of, and at times does, abuse their regulatory authority over tax-exempt nonprofits. While most of the tax-exempt organizations involved thus far have apparently been section 501(c)(4) “social welfare” organizations, section 501(c)(3) public charities have also felt the bright lights of the IRS’s inappropriate content-based scrutiny.
The breathtaking devastation in Oklahoma this week prompts a crucial question for the leadership of nonprofit organizations: What is your organization’s disaster recovery plan? In her article “Charity Inc.: Preparation Counts,” Marnie Taylor, President and CEO of the Oklahoma Center for Nonprofits, prophetically challenged nonprofits to seriously assess their risks less than three weeks before the powerful tornado leveled much of Moore, Oklahoma. In the aftermath of the calamity, we
Has that ever been your response, when reading about indemnification for nonprofits? Simply explained, indemnification is the legal procedure by which a corporation reimburses directors, officers, and other agents for liabilities, expenses, and other losses incurred in the event of a lawsuit or other proceeding. This important protection should provide great comfort to the organization’s leaders.