The content on the Companion Websites for Wolters Kluwer's textbooks has moved and this website will no longer be available as of June 25, 2019. To make it easier for you to find the professor and student resources that accompany a text, you can now go directly to a book's product page on Log in with a validated professor account to get access to Professor Materials for any product. Visit for more information.
Main Image


Nonprofit Law: The Life Cycle of a Charitable Organization

Chapter 7: Foundations and Their Alternatives

  • The Figure 7-3 on p. 362. The sentence describing the Responsiveness Test should read: "Is the relationship between the organizations such that the supported organization has a significant voice . . ."
  • Page 363, par. 1 should end with "and other decisions concerning the supporting organization's income or assets."
  • Page 363, par. 2, sentence 2, part 2 should read: "by providing sufficient funding or other benefits to the supported organization, such that the supported organization will pay significant attention to the operations of the supporting organization."

Chapter 7 Teacher Manual:

  • p 134 - Excise Tax on Investment Income. The hypothetical states that the net investment income is $1,000,000 but the teacher's manual calculates the 2% tax based on $100,000. When the 2% is calculated on $1 million, the tax is $20,000.
  • p. 136. The answer to the Rochester United hypothetical should say: "The foundation, Sara, her parents and her siblings own 35% of Eastman Kodak. Thus, 15% of the stock would be considered an excess business holding, and unless they fall into one of hte exceptions, they face a tax of 10% of the value of that stock."
Chapter 12: Accountability
  • P. 637. The total revenues should be $3,500,000.