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
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
Estate Planner Did Not Breach Duty By Failing to Disclose Basis of Fees Court affirms plan that reduced bequests to daughters of couple who established charitable remainder trusts Lead Stories
What’s the deal with Damar Hamlin’s charity? It isn't recognized by the IRS and has not registered for charitable solicitation Ready Reference
DAF Assets Top $234 Billion While Controversy Continues Total distributions exceed 27% of fund value, while critics seek to delay tax breaks 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
Appropriations Act Expands IRA Distributions, Curbs Conservation Easements, And Prohibits Definition for 501(c)(4) Groups And Prohibits Definition for 501(c)(4) Groups Congress does not want IRS to define how much electioneering is permissible for social welfare organizations Lead Stories
VMI Can’t Force Termination Of Charitable Trust for Its Benefit Pa. Court says potential cost savings do not overcome paramount intent of donor to keep assets in separate trust Lead Stories
Gender and Race Gaps Narrow Slightly On Boards of Philadelphia Area Meds and Eds While many have made significant progress since 2019, many still fail to reflect the diversity of constituents and communities Lead Stories