Thursday, May 31, 2012

May Recap - TBN's Allegedly Lavish Spending, Sandusky Charity to Close, and PILOTs in Providence

In the rush of end-of-term exam writing and grading, a couple of prominent nonprofit stories did not get covered during the past month:

  • NY Times Reports on Allegedly Lavish Spending by TBN:  Brought to light by an intra-family dispute, the article reports that the founders of Trinity Broadcasting Network, Paul and Janice Crouch, and some of their close family members have lived allegedly lived lavish lifestyles for decades in large part on TBN's dime.  Reported perks include multiple vacation homes, multi-million dollar corporate jets, thousand-dollar dinners, and lucrative deals with a company owned by family members. TBN, which is governed by a board of directors consisting only of the Crouches and one of their sons, denied through its lawyer any claims that the spending and other alleged activities were illegal or improper.

LHM

http://lawprofessors.typepad.com/nonprofit/2012/05/may-recap-tbns-allegedly-lavish-spending-sandusky-charity-to-close-and-pilots-in-providence.html

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