Article Archives >> Lead Stories >> December 16, 2005 -January 15, 2006
Preview of Article:
Foundation Can’t Recover Grant
When Grantee Goes Bankrupt
Court follows dissolution priority of statute
and refuses to impose trust conditions on fund
Excerpt
A federal District Court in the District of Columbia has affirmed
a Bankruptcy Court decision that a foundation may not recover its
$60,000 grant for a children’s health care program when the
grantee files for bankruptcy before spending the money.
Article Archives >> Lead Stories >> December 16, 2005 -January 15, 2006
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