The current Chapter 11 filing by Kodak should serve as a strong reminder to nonprofits making sponsorships deals with corporations. As you know, corporate sponsorships normally come in the form of cash donations to a nonprofit in return for the nonprofit promoting the corporation or its product while leading its clients to believe that the corporation cares.
Anyway, Kodak has some pretty interesting corporate sponsorship commitments that it is now trying to get out of (based on the theory that the sponsorhip does or does not help the corporation in future sales). Included among these commitments are the Kodak Theatre in Hollywood and the PGA (golf).
A word to nonprofit boards and staff: all that glitters is not gold...