Product Description

Do you or your clients have questions about the practical implications of nonprofit status and operations? This curated bundle of 17 hours of fast-paced webcast programming paired with MCLE’s comprehensive e-publications gives you a solid foundation in nonprofit law. Set your own schedule, expand your skill set, and advance your practice with confidence. 

Agenda & Materials

• Representing Nonprofits: MCLE BasicsPlus!®

  Introduction to nonprofit world; Obtaining and maintaining tax exempt status; Nonprofit board and membership operations; Key governance issues; Attorney General oversight

• Understanding 501(c)(3) Tax Exemption of Nonprofits

  Differences between the terms “charity”, “nonprofit”, and “501(c)(3)”; Benefits of 501(c)(3) status; Howan organization receives and maintains its 501(c)(3) status; How 501(c)(3) status limits what a charity can do; Role the Massachusetts Attorney General plays with respect to charities; When the consent of the Attorney General or a court is required before a Massachusetts charity may engage in a transaction; What sorts of nonprofits may be subject to these rules

• Legal Rules Governing Investment & Use of Endowment Funds

  Scope of the endowment world; Endowment structures; Types of endowments: Quasi-, term, restricted, unrestricted; UPMIFA–Uniform Prudent Management of Institutional Funds Act; UPIA–Uniform Prudent Investor Act; Gift acceptance policies; Spending policies; Modification and release of restrictions; Key taxation and accounting issues; Investment policies; Working with investment committees; Delegation of investment management; Socially responsible, ESG, and impact investing; Alternatives to endowments

• Serving on Nonprofit Boards

  Overview of tax-exemption and governing documents; Functions of a nonprofit board; Officer functions; Diversity considerations; Why nonprofits want lawyers on the board; What to do when things go wrong; Tools available for board members

• Fiduciary Duties, Responsibilities, Ethics & Liabilities of Nonprofit Board Members

  Fiduciary duties and legal obligations of a nonprofit corporation’s board of directors; Ethical issues for attorney board members; Board v. management: roles, responsibilities and practical guidance; What a board president, vice president, treasurer or secretary actually does; Danger of board inertia; Nonprofit education and improvement initiatives

• Nonprofits in Distress

  Endowments and donor-restricted funds; Affiliations and mergers; Board responsibilities and maintaining employee compensation

Please Note

MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.

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