The whole Madoff story is just one tragedy after another. And, nonprofits were not immune (mainly due their own ineptitude in following standard, common sense ethics guidelines for investments). The deadline for filing suits spurred a lot of activity – in addition to the suicide – that many in the nonprofit world may have missed....
Do we have a tax deal? Or, not. I personally hate putting too much effort on proposed legislation – seeing that the most proposals never get passed or get changed significantly. And, this new Obama/Republican deal is not different. There are only 20 days left – Obama says it will pass. House Democrats say maybe...
I know the frequency of these posts have been going down – a result of increased work load but also not much new to talk about. With a few minutes of quiet this morning, I did a quick google news check on the estate tax and came across a nicely written New York Times piece...
The previous post went over many of the startling new challenges that nonprofits in New York have to address as a result of the passage of NYPMIFA. I based almost everything in that article on the three prominent law firm memos linked towards the end of the piece – and was intended to give readers...
Please note: this article was published soon after NYPMIFA’s passing. Since that time, the NY Attorney General came out with a clarification memo. If you get to this article, I strongly suggest reading more recent posts on this blog on NYPMIFA as you will likely see differing rulings. The later discussions should take precedence over...