A recent poll underscores the continuing support the American public has for sustaining deductions for charitable contributions. The study, reported in the March 1, 2013 Non-Profit Times, found that 75 percent of those polled valued deductions for charitable contributions, with 61 percent indicating strong support. Furthermore, support for the continuing deductions was broad-based, spanning all geographic areas, and a wide range of socio-economic groups.
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.