Churches May Remove Restrictions On Endowment Investments Court permits deviation from limitations imposed by donor in his will Lead Stories
School Can’t Temporarily Drop Residential, High School Programs Court denies request by trustees of Girard College to permit deviation from trust because of decline in financial status Lead Stories
Bank Trustee Not Liable For Delay in Distributing Funds Value of distributions to charities dropped $11 million between event trigging distribution and delivery of cash Lead Stories Add new comment
Foundation Director May Approve Grant To Charity on Whose Board She Sits Court throws out challenge by other director who claimed that board was not properly constituted Lead Stories
AG May Use Tainted Evidence In ‘Redacted v. Redacted’ Case PA Supreme Court vacates opinion limiting use of information disclosed by defendant’s attorney Lead Stories
Congress Stymies Clear Rules For (c)(4) Organizations New requirement created for notifying IRS of new groups; IRA rollover, other charitable incentives, made permanent Lead Stories