Attorney General Issues Guidance on Access to Endowment Funds

April 29, 2020
Up arrow blocks

On March 27, 2020, we issued the alert Endowment Funds in the Time of Coronavirus, describing options for struggling nonprofits seeking to access their endowment funds. On April 28, 2020, the Charities Division of the Massachusetts Attorney General’s Office issued new guidance regarding nonprofit endowments, which addresses many of the same options discussed in our alert. In particular, the Attorney General recommends that nonprofits seeking to access their endowments because of the current emergency consider the following...

Continue Reading

News & Resources

Firm News
Hemenway & Barnes Helps Turn Philanthropic Vision into Annual Charitable Donation for the City of Newburyport
CAPLAW National Training Conference 2024
Eleanor Evans to Present “Dissolution of Massachusetts Nonprofit Organizations”