From a donor’s perspective, it’s worth asking: Could a nonprofit’s dissolution introduce the temptation for its leaders to misappropriate assets or commit fraud? While documented cases of misconduct during dissolution are relatively rare, understanding the potential risks and implementing preventive measures are critical for maintaining public trust.
Read MoreChristian universities are dying. Several years of soaring costs, declining demographics and insufficient cash reserves have steadily driven the market into crisis. Yet, a 79-year-old private institution in North Carolina appears to be an anomaly. Carolina University’s enrollment has surged 29% this year, rising from 826 to 1,068 students.
Read MoreEarlier this month, billionaire trader and philanthropist Bill Hwang appeared in court to answer for his role in a high-stakes Wall Street meltdown that saw several large banks lose billions in days. Jury selection began last week, followed by opening statements and the first witness testimony on Monday. The trial is expected to last eight weeks.
Read MoreAfter OpenAI CEO Sam Altman turned his nonprofit research laboratory into a for-profit, one of the organization’s biggest donors asked a compelling question. Elon Musk, America’s favorite billionaire, wrote, “If this is legal, why doesn’t everyone do it?”
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