Two years ago, the Pennsylvania Attorney General began an investigation into the $9 billion Hershey Trust, which operates a prominent residential facility for disadvantaged youth. The investigation started after the trust made multi-million dollar purchases of a golf course and an adjacent market. Allegations of inappropriate expenditures followed, claiming that board members received excessive compensation …
Posts Tagged: Attorney General
The AG Provides a “How Not to” Manual for Charities
As CNN reported last week, the CA Attorney General filed a claim against Help Hospitalized Veterans (HHV) accusing the board of, among other things, diverting and wasting charitable assets. The AG alleges that the board approved excessive compensations, failed to have an adequate policy on employee reimbursement, made imprudent loans, and donated money to another …
Attorney General Takes Action
In most states, the Attorney General has the authority to govern organizations that administer or solicit charitable funds. While the authority varies by state, most Attorneys General require initial registrations as well as annual updates. But the Attorney General plays another important role. It acts on complaints about abuses and misuses of charitable assets. Corrective …
AG Proposes Changes to Penalties
Ever wonder what will happen if you don’t comply with the California Attorney General‘s rules on charitable solicitation? Stay up at night wondering whether you’re going to be carted off to jail for failing to register? Hopefully you didn’t spend too much time getting to know the current rules, because the AG is thinking about …