Law, Practices, and TrendsBook - 2009
Law, Practices & Trends
Governance seems to be the subject that is perched atop every nonprofit lawyer's worry/wish list, despite the fact that there is not much law on the point, particularly at the federal level. This ascension in importance is largely due to the various organizations propounding best practices and principles for public charities and other forms of nonprofit organizations, the IRS's redesigned Form 990, the agency's aggressive push of certain good governance principles in the tax-exempt organizations' setting, and scandals brought to light by the Senate Finance Committee staff.
Stemming from the authors' endless hours of meditating over the new Form 990 and sifting through the many (and often inconsistent) best practices principles, Nonprofit Governance fills the need for some cohesion in the realm of nonprofit governance by providing in-depth coverage and explanations of the laws, practices, and trends in this volatile area.
An invaluable resource for nonprofit executives, officers, directors, nonprofit lawyers, accountants, members of boards of directors, and consultants, legal experts Bruce R. Hopkins and Virginia Gross's Nonprofit Governance brims with detailed documentation and references to regulations, rulings, cases, and tax literature (which includes current articles and tax law review notes). Here, readers will find a wealth of clarifying information on:
- Federal and state law fundamentals
- Board member responsibilities and liability
- Nonprofit governance principles
- Nonprofit governance issues
- Application of the private benefit doctrine
- Governance and the redesigned Form 990
- Recommended polices and procedures
- Governance case studies
- Governance legal audit
- A law primer for nonprofit board members
- And much more
The book includes an exhaustive index, Internal Revenue Code citations and numerous case studies, tips, forms, and checklists to round out the authoritative coverage. Nonprofit Governance is an indispensable guide to, and through, all of the governance policymaking that is unfolding, to improve the management of nonprofit organizations as well as to help organizations be in compliance with nonprofit governance law.
Hopkins and Gross (respectively, a senior partner and a shareholder of the US law firm Polsinelli Shughart PC) survey and explain the law, practices, and trends of the governance of nonprofit organizations in the United States. Individual chapters discuss fundamentals of federal and state law, responsibilities and liabilities of board members, nonprofit governance principles, governance and the redesign IRS form 990, nonprofit governance issues (e.g. size and composition of the board, audit committees, conflicts of interest, disclosures to the public, fundraising practices, etc.), policies and procedures for good governance, governance case studies, law for nonprofit board members, and the governance legal audit. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)