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
Carnival Producer is ‘Professional Solicitor’ Under Charitable Solicitation Registration Law Court says advertising events in connection with charities constitutes solicitation and requires registration 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
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
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
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
NY Attorney General Sanctions CEO of DAF Sponsor for Breach of Fiduciary Duty AG permanently bars CEO from serving as fiduciary of a charity for misusing funds for personal benefit for himself and others Lead Stories