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PROTECTING A NONPROFIT ORGANIZATION'S OFFICERS, DIRECTORS AND MANAGERS
Harrison & Moberly, LLP, Indianapolis
by David Williams Russell
In our post-Enron world, non-profits are under more and different scrutiny then ever before. Charity hospitals formed to benefit the poor are found to be substantially overcharging to a massive extent their very poorest patrons who are unable to afford health insurance, while offering cut-rate coverage to patrons wealthy enough to subscribe to health plans which have the clout to bargain for cheaper hospital fees for their customers. The NCAA’s multi-million dollar television contracts are being contrasted with way below average graduation rates for high profile college athletes and its eligibility to be tax exempt is under fire. Televangelists, who raise millions for Africa relief, but spend pittances on this while rewarding themselves with multimillion dollar homes and salaries are losing their tax exemptions.
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