http://www.eduwonk.com/2010/07/dollars-in-albany-feet-on-the-ground.html Education News, Analysis, and Commentary Mon, 13 Feb 2012 03:45:52 -0500 http://wordpress.org/?v=2.8.2 hourly 1 http://www.eduwonk.com/2010/07/dollars-in-albany-feet-on-the-ground.html/comment-page-1#comment-208316 Bob Calder Thu, 22 Jul 2010 13:07:18 +0000 http://www.eduwonk.com/?p=6717#comment-208316 Andy, The board of any nonprofit foundation has to think of potential directors and officers liability lawsuits arising from conflict with their charter. A too-liberal interpretation of guiding principles on a widespread basis could spark an investigation. (The first such that happened was the George F. Harding Museum in Chicago where the directors sold off parts of the collection for lavish meetings.) Andy,
The board of any nonprofit foundation has to think of potential directors and officers liability lawsuits arising from conflict with their charter. A too-liberal interpretation of guiding principles on a widespread basis could spark an investigation. (The first such that happened was the George F. Harding Museum in Chicago where the directors sold off parts of the collection for lavish meetings.)

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