Nonprofit Newswire | Foundation Director in Oregon Held Financially Liable for Bad Investments

Ruth McCambridge

March 26, 2010

March 25, 2010; KGW.com | In a decision that may be something of a warning shot for nonprofits and philanthropies, a trial court judge in Oregon has held a director liable for bad investments on behalf of the Wintercross Foundation. The director, Ann Ellis, must repay $2 million to the foundation and has been ordered not to serve as director of any charity again . . . ever. Believe me, we want the back story on this as much as you do. We can likely expect the case to be appealed.—Ruth McCambridge

About the author

Ruth McCambridge

Ruth is Editor Emerita of the Nonprofit Quarterly. Her background includes forty-five years of experience in nonprofits, primarily in organizations that mix grassroots community work with policy change. Beginning in the mid-1980s, Ruth spent a decade at the Boston Foundation, developing and implementing capacity building programs and advocating for grantmaking attention to constituent involvement.

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