Federal Charters For Nonprofit Corporations

A congressional or federal charter is a federal statute that establishes a corporation. Congress has issued charters since 1791, although the chartering by Congress of organisations with a patriotic, charitable, historical, or educational purpose is essentially a 20th century practice. Congress has used charters to create a variety of corporate entities, such as banks, government-sponsored enterprises, commercial corporations, venture capital funds, and quasi governmental entities. Congressionally chartered corporations have raised diverse issues for Congress. This book provides an overview on Congressional and federal charters; Congressionally chartered non-profit organisations; federal government corporations; hybrid organisations with both government and private sector legal characteristics; and key principles for leveraging non-federal resources in Congressionally chartered organisations.

The highly acclaimed Financial and Strategic Management for Nonprofit Organizations provides an encyclopedic account of all the key financial, legal, and managerial issues facing nonprofit executives. This is today's definitive single-source text and reference for managing any nonprofit organization. Designed for both professional and graduate student readers, this work thoroughly addresses all key aspects of building managerial skill and promoting imagination and innovation in organizations across the nonprofit spectrum. Herrington J. Bryce presents every technique and concept in the context of today's public policies, leading practices, laws, norms, and expectations. Herrington J. Bryce was a senior economist at the Urban Institute, a Brookings Economic Policy Fellow, a Fellow at the Institute of Politics at Harvard and a visiting professor in regional economics and planning at the Massachusetts Institute of Technology. He taught micro economic theory and public finance at Clark University in Worcester, Massachusetts, and was director of the program in legal and budget studies at the University College at the University of Maryland. He currently teaches courses at the College of William & Mary in nonprofits but mostly in corporate financial strategy and cost management—heavily reflected in this text. He has published extensively and has served on many state, local and federal government advisory committees. He has a PhD in economics from the Maxwell School at Syracuse University, and a CLU and ChFC from the American College.

A Corporate Form of Freedom explores how courts and legislatures have decided which nonprofit groups can pursue their missions as corporations. For many years it was a privilege to hold a nonprofit charter. This view changed during the 1950s and 1960s. A new generation contended that legal theory, racial justice, and democratic values demanded that the nonprofit corporate form be available to all groups as a matter of right. As a result, nonprofit corporate status became America's corporate form for free expression. The new perspective did more than enlarge public discourse, however. It also reduced official authority to supervise or otherwise hold nonprofit organizations accountable for their activities. Norman I. Silber examines how the nonprofit world was transformed -- a transformation which refashioned political and social discourse, altered the economy, and created many of the difficulties the nonprofit sector faces today.