Donor Must Recognize Gain on Gift of Stock And Loses Deduction for Bad Appraisal Court says gift was made when sale of stock was assured and gift of property was not properly appraised Lead Stories
Trustees May Not Unilaterally Modify Trust To Qualify as Charitable Remainder Annuity Trust Document required “annuity” payment of the greater of all net income or $50,000 a year to income beneficiaries Lead Stories
Court May Remove Charity Trustee For “Serious Breach of Trust” Appellate court affirms trial court decision to remove for multiple breaches of fiduciary duty Lead Stories
Court Dismisses Consumer Protection Suit For Impinging on Charitable Solicitation For-profit thrift store company advertises its relationships with charities who get paid for donations to stores Lead Stories
Private Club Is Not Subject To Title VII Discrimination Law Court finds that golf club meets the definition of “bona fide membership club” exempt from rules Lead Stories
Nonprofit Hospitals Denied Real Estate Tax Exemption Court says they were not operated free from private profit motive and did not provide sufficient free or subsidized care Lead Stories