Remove Children Remove Profit Remove Tucson Remove University
article thumbnail

How Does Limited Liability Affect a Nonprofit

ASU Lodestar Center

Limited liability entities are often formed (at least in part) to protect the assets of for-profit business owners from the financial obligations of a particular business. In the case of a nonprofit, however, the entity is generally not permitted to have owners who are entitled to the profits of the organization. 26 USC § 501(c)(3).

Law 49
article thumbnail

Diversity recruitment key to nonprofit boards achieving mission

ASU Lodestar Center

After all, nonprofits are about people, not profits (hence, the term “nonprofits”). Garcia, a former political reporter, has taught at Arizona State University's Cronkite School of Journalism and Mass Communication and at the University of Arizona School of Journalism. A UA graduate, Garcia has a strong connection to Arizona.

Arizona 40