DAF Assets Rise Almost 10% in 2023, But Contributions to DAFs Drop 21% Total number of funds, payout rate, and value of grants remain essentially the same in National Philanthropic Trust report Lead Stories
Bank Trustee of Charitable Trust Breaches Duty of Trust to Beneficiary Absent evidence to the contrary, commercial loan between trustee and beneficiary of trust was presumptively fraudulent Lead Stories
University Enjoined from Investigating Trustee Until It Advances Expenses for Trustee’s Defense Court enjoins Penn State from continuing investigation of trustee without advancing legal fees under indemnification bylaw Lead Stories
Appeals Court Sets Standards For (c)(4) Social Welfare Groups “Substantial” nonqualifying activity prevents exempt status; if followed, ruling could revolutionize political world Lead Stories
Plaintiff Trustee Not Indemnified Unless Bylaws Provide Specific Right Court says ambiguous provision must be construed against the indemnitee Lead Stories