How do the legal advisors work with state laws?
Much of the operation of a community foundation is governed by federal laws and IRS Code. Our advisors can provide guidance relative to these laws. Certain state laws that affect charitable organizations such as the Uniform Prudent Management of Institutional Funds Act, or the Model Nonprofit Corporation Act, will be referenced by our advisors. Similarly, while some human resource issues are addressed by federal law, many are governed state codes, which will also be referenced by our advisors. You will receive state-specific counsel to the extent permitted by legal ethical rules. The advisors may also direct you to good state-specific resources or otherwise provide guidance on the need to consult with a local attorney on matters that are governed by state code.