Colleges and universities compliance project *

USA - September 3 2009
In late 2008, the Internal Revenue Service (the "Service") sent over 400 colleges and universities a questionnaire as part of its colleges and universities compliance project.

Co-authors: Katherine C. Murphy.

New statute to govern investment and expenditure of endowments *

USA - August 7 2009
The Michigan Legislature is poised to adopt the Uniform Prudent Management of Institutional Funds Act (the New Act), a law that will regulate the administration of charitable endowments.

State barworking to address concerns for nonprofit corporations raised by recent legislation *

USA - March 31 2009
Public Act 222 of 2008 was enacted effective July 16, 2008, to amend several provisions of the Michigan Nonprofit Corporation Act (the Act).

Co-authors: Kathrin E. Kudner.