Christina M. Mason is a partner in the New York office of Kelley Drye & Warren LLP.
Carolyn R. Caufield is a partner in the New York office of Kelley Drye & Warren LLP.
In times of economic hardship, non-profit organizations confront issues that are unique to their status. Like business entities, charities have responsibilities to their employees and to their creditors. But charities also have obligations to their donors and beneficia