How do we end the life of (or revive) a nonprofit organization? Sometimes it’s sudden; sometimes it’s a long time coming. But it happens, all too frequently. Creditors are no longer willing to just take the hit, and are going after individual directors and officers for the debts owed by the organization.
Please join attorney Zachary Kester for an engaging session that helps nonprofit directors and officers decide how to handle end-of-life issues for nonprofits. Topics include choosing when to “pull the plug,” determining which method of dissolution is best, figuring out what to do when a creditor or receiver attempts to force sale of assets, preparing final regulatory filings, and more.
WHAT YOU’LL LEARN
Just a sampling of what this webinar will cover:
- Understanding Terms
- Dissolution
- Insolvency
- Bankruptcy
- Receivership/Custodianship
- Considering the Options
- What Are the Pressures?
- Alternatives to Closure
- Accessing D&O Insurance
- Preserving Programs
- Preserving Assets
- Closing the Nonprofit
- Administrative
- General/Voluntary
- Judicial
- Wind-Up Organization’s Affairs
- Final Filings
- When the Nonprofit Is “Upside Down”
- The Time to Act
- Choosing Among Bad Options
- When Emotions Cloud Good Decisions
- “Walking Away” Is Not an Option
- Sell Everything or Give It Away?
YOUR CONFERENCE LEADERS
Your conference leader for “Nonprofit Liquidation: When Dissolution, Insolvency, Bankruptcy or Receivership Happens” is Zachary S. Kester. Mr. Kester is the Executive Director and Managing Attorney with Charitable Allies. He speaks and publishes regularly regarding the unique needs of charities. Topics include identifying effective outcome measures, governance, board liability, human resources for small nonprofits and property tax exemption issues, among many others. He serves on the Boards of Directors of Indiana Philanthropy Alliance, Indiana's professional association of grantmakers, and Ascent 121, a leading anti-human trafficking organization based in Indianapolis. Mr. Kester was also one of twenty statewide recipients of the 2018 Leadership in Law Award from the Indiana Lawyer, and the only in the field of tax-exempt organizations. Mr. Kester has an LL.M. (Masters of Law) concentrating on the special needs of tax-exempt organizations and has practiced law primarily for charities, focusing on organizational and compliance services. He has also earned a CFRM (Certificate in Fundraising Management) from the Lilly Family School of Philanthropy. In addition, Mr. Kester has also been named a Practitioner-in-Residence at the IU Maurer School of Law in Bloomington.
