Independent Sector Issues Supplemental Report,
Generally Discourages New Federal Action
One exception is recommendation to create
a national charitable solicitation registration system

Full Article (free)

Insured May Not Change Beneficiary
Of Life Insurance By Provisions in Will
Even a specific reference to the policy to be changed
does not prevail over terms of contract

Free Preview | Full Article

Who Receives Remainder of Lifetime Trust
Representing Unspent Distributions from CRAT?
New York Court of Appeals reverses decision and awards
accumulated funds to charities inheriting remainder of trust

Free Preview | Full Article

Ready Reference Page No. 90
Independent Sector’s Supplemental Report Proposes
National Charitable Solicitation Registration Program
Report generally opposes additional federal regulation
being considered by Congressional committees and the IRS

Free Preview | Full Article

Issues Notes

• Kramer to speak at Nonprofit Institute
• Note to Subscribers—Access is Free
• Thursday with the Editor, May 11

To the Point

Lessons from Litigation  Full Article

• Gift of proceeds of Ponzi scheme are fraudulent conveyances
• CRUT beneficiary need not arbitrate claims against brokers
• Charity can’t sue Congressman for defamation
• Nonprofit not liable for accident before start of lease

Tax Matters Full Article

• Court reduces deduction for gift of underwater hotel

Employment Law Full Article

• Denial of pay raise not sufficient reason to quit
• Rehab patient must repay unemployment compensation

Say That Again