If you are serving on a nonprofit board, you have a fiduciary duty of care in exercising oversight of the organization. One of the ways to ensure an active oversight role for your board is to review the annual filing of IRS Form 990.
One of the consequences of a prolonged economic downturn is a decrease in the size of institutional endowments just at the time when reliance on those funds may increase.
Question Presented: Are there any laws allowing or regulating a non-profit organizations’ ability to organize, conduct, administer or otherwise facilitate gambling events or activities?