MA Bill will Strike Foundation Board Pay

Under Massachusetts law, foundation leaders previously thought they were exempt from policies that prohibited stipend pay to board members. But a new law proposed by attorney general Martha Coakley aims to prohibit board pay for foundations as well. The new bill stemmed from public debate over the four nonprofit health insurers in Massachusetts who pay five-figure stipends to board members. Two have now suspended their board pay. Foundations argue that because their board members come from diverse backgrounds, including from low-income communities, the stipend is the organization’s way to...