New York’s Nonprofit Revitalization Act was hailed as a landmark overhaul when it was passed in 2013. Three years later, Empire State lawmakers revised certain aspects of the law regarding independent directors, related party transactions and audit committees.
Monthly Archives: January 2017
Harvard Not Hedging, Will Cut Investment Staff
The investment management arm of Harvard University plans to make sweeping changes, cutting about half of the 230 staff by the end of the year and outsourcing the functions to outside managers. It also will shift from a silo investment approach to a generalist investment model focused on the overall endowment.
‘Mission’ Vital But Dangerous Prompting Name Change
The Mission Society is now TMS Global, a pivot aimed both at fitting the organization’s desire to work into least-reached areas of the world and protecting its missionaries while doing so. The Rev. Max Wilkins, president and CEO, explained that the Norcross, Ga., organization was originally named The Mission Society for United Methodists before becoming interdenominational. The organization didn’t have a strong connection with the shortened name and would even receive donations intended for a similarly named group.