A Time to Give Thanks: Nonprofits Can Appreciate Helpful Legal Standards

Nonprofit organizations can be thankful for legal standards that benefit charitable organizations or make compliance with the relevant laws more straightforward, including in the following five areas: 1. donors and the tax deduction for charitable contributions; 2. boards of directors; 3. flexibility in structuring; 4. rebuttable presumption of reasonableness of compensation; and 5. uniform prudent management of investment fund laws.