Impecunious Donor Ordered To Fulfill $400,000 Pledge Court grants judgment when donor says it is unable to make payments over five years Lead Stories
Trust’s Deduction for Real Estate Gift Limited to Adjusted Basis in Property 10th Circuit agrees with IRS that section 642(c)(1) of Tax Code prevents deduction based on fair market value Lead Stories
NY AG Able to Require Donor List For Charitable Solicitation Registration Related 501(c)(3) and (c)(4) advocacy groups must provide unredacted Schedule B to Form 990 Lead Stories
Fundraising Is Not “Commercial” Activity Protected by Antitrust Law Court says nonprofit status is not dispositive, but group can bar another from trade show access Lead Stories
CEO Not Entitled to Advancement Of Legal Fees for Criminal Defense Court says officer failed to show that he had acted in the best interests of the corporations Lead Stories
Foundation Director May Bring Derivative Suit Without Prior Demand on Directors Court agrees that demand on majority of directors would be futile when claims involve their conduct and compensation Lead Stories