August 29, 2013
As outlined in our Guiding Principles + Practices, nonprofits have a legal and ethical obligation to expend grant and donor funds responsibly (including those managed through an endowment) and to ensure that funds are dispensed according to the funders’ wishes and requirements, in accordance with the Maine Uniform Prudent Management of Institutional Funds Act.
December 18, 2006
Searchable text of TITLE 13-B: MAINE NONPROFIT CORPORATION ACT
November 22, 2006
All nonprofits should be familiar with this law governing fundraising in Maine.