Course Description:
This session is designed primarily for nonprofit Board members, although members of Senior Management are welcome as well in the spirit of both groups working from the same playbook! After this session, Board members will clarify their roles as members of a Board with respect to their fiduciary responsibilities to the charity and how that overlaps with an endowment fund/restricted gift, have an appreciation for a Board member’s potential liability and how to manage it, and walk away with some practical legal best practices about how to better work with donors, other Board members, and management as a team to elevate their organization.

Learning Objectives:

• Discuss the role of a Board member and a Board member’s fiduciary responsibilities.
• Identify potential Board member liabilities and how to manage them.
• Define the basics of endowments.
• Summarize ways to create and manage an endowment dovetails with a Board member’s fiduciary duties.
• Analyze the question: If we get it wrong, do donors ever sue?

Presenter:

Kendis Key Muscheid | Partner with Ballard Spahr LLP
Kendis Key Muscheid is the Team Leader of Ballard Spahr's Exempt Organizations group. She is one of the leading nonprofit tax attorneys in the Southwest, and focuses her practice on the representation of nonprofit and tax-exempt organizations and donors making charitable gifts.

Kendis advises clients on the qualifications for tax exemption, conversions to and from tax-exempt status, obtaining and maintaining favorable tax treatment, nonprofit governance issues, conflicts of interest matters, and the creation and operation of affiliated organizations. She regularly counsels organizations on reporting and government filing requirements, advocacy issues, unrelated business income tax treatment, endowment creation and management, restructuring multi-tier entities, and issues involving mergers and acquisitions of charitable organizations, collaborations among various types of tax-exempt entities, and charitable solicitation laws. Additionally, Kendis represents clients during IRS examinations and appeals processes, as well as state controversy matters.

CPE Information
CPE Credit: 1
Field of Study: Business Management and Organization
Level of Knowledge: Basic
Delivery Method: Group-Internet Based

Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.