Many corporate leaders are asked to serve on nonprofit Boards or decide to form and operate charitable organizations, but even a simple error can have significant adverse legal and financial consequences for the corporation and even the individual director. This program will cover some of the more common legal issues impacting 501(c)(3) organizations, as well as the ethical issues facing in-house corporate counsel, including MCRP 1.13 on ethics. These issues affect both counsel who may be asked to advise the charitable organization, or the individuals asked to serve on the board.
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The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.