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 is the founder and 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.