The WFA is a not-for-profit organization, which is governed by certain laws under New York State.  The FAQ: New York State offers information at a glance that you can explore.  The Guidelines that board members of not-for-profit organizations is worth a look to gain some more insight as to how not-for-profit works.  The attorney general also offers information on how giving in New York State is governed and operates. 

The New York Council for the Humanities

Conflict of Interests Guidelines

The CPA Journal Online - Update on not-for-profit organizations

New York State Comptroller