Leslie Brown discusses annual meetings in the August 2014 edition of Quorum Magazine.

Download the full report (PDF): The Anatomy of Auditing an Annual Election

There may come a time when your non-profit organization is presented with the possibility of a merger. Your organization may be pursuing acquisition of an entity to obtain talent, fill a market void, pursue a growth strategy or make strategic alliances…

Download the full report (PDF): Venture Philanthropy Legal Report Summer 2014 #5: To Merge or Not to Merge? Considerations for 501(c)(3)s

Disease foundations searching for ways to ameliorate increasing health care burdens on their patient constituents often consider forming patient assistance programs (PAPs), which provide financial relief to needy patients. PAPs independently sponsored by disease foundations can accept contributions from pharmaceutical, biotechnology and health care companies. Such independently sponsored PAPs can help patients who receive insurance through federal government programs and are thus unable to take advantage of assistance provided by health care company sponsored PAPs…

Download the full report (PDF): Venture Philanthropy Legal Report Spring 2014 #4

Since 1998, when most point to the transaction between Aurora BioSciences (now Vertex) and the Cystic Fibrosis Foundation as the first disease foundation Venture Philanthropy transaction, our firm has advised on approximately 300 Venture Philanthropy transactions ranging in size from $500K to over $150 million. Each transaction involves numerous complicated issues: governance, intellectual property ownership and licensing, termination, indemnification, and publication, among others, but the issue that encompasses the most negotiating time by far involves the amount of royalties to be paid by the awardee to the granting charity. The purpose of the series of questions and answers that follow is to shorten that time, thereby putting the award to work on the underlying research faster, and to look forward to the day when the research is successful and the royalty can be monetized…

Download the full report (PDF): Venture Philanthropy Legal Report, Spring 2012, #3: Everything You Ever Wanted To Know About Royalties and Their Monetization But Were Afraid To Ask