Archive for October 8th, 2008
Joe Kroll
So I found this talk to be very hard to follow. I found it very long and boring kind of like the IRS forms he was speaking about.
The topic I picked was inurement. What I got from what Kroll was talking about was that the Board members cannot be benefiting from the charity instead of the true reason behind the charity. And also the issue of paying the Executive Director an excessive salary. It has to be within reason depending on the average salary, his duties, the income of the organization, and the area. If the Director is being paid too much than the excessive amount must be taxed and paid back to the organization. I just thought this was interesting because I remember this being brought up in class.
1 comment October 8, 2008