Article Archives >> Lead Stories >> April 1-15, 2010
Preview of Article:
Dissolved Foundation Lacks
Standing to Contest Use of Gift
Court says grant did not create
either constructive or resulting trust
A charitable foundation that had been dissolved for more than a decade has no standing to challenge the use of a grant made during the 1980s, an appellate court in Florida has held. The Court has also ruled that the grant did not create either a constructive trust or a resulting trust that was violated when the recipient of the grant modified its use. (The Foundation for the Developmentally Disabled v. Step by Step Early Childhood Education and Therapy Center, Ct. of App., FL, Second Dist., No. 2D09-686, 3/26/10.)
Article Archives >> Lead Stories >> April 1-15, 2010
What our readers say about Nonprofit Issues
Once again you've tackled a tricky question and explained it so we all can understand the issue.--M.V.
Thank you for your informative and keen advice on nonprofit matters. I believe its a unique and concise place to get answers to this often wispy area called nonprofit. --R.T.
