Some Nonprofits Can't Touch Their Money
Since early 2007, 26 states and the District of Columbia have passed laws that give nonprofit organizations more flexibility in using money from endowments that are underwater. Because of the economic meltdown, 12 other states are considering such laws, according to the National Conference of Commissioners of Uniform State Laws.
- Companies:
- American Conservatory Theater
- Bolshoi Ballet
- Brandeis University
- Council on Foundations
- National Center on Philanthropy and the Law
- National Conference of Commissioners of Uniform State Laws
- National Council of Nonprofits
- New York University
- North Carolina Symphony
- Rose Art Museum
- The Associated Press
- University of North Carolina
- University of Wisconsin
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