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Director’s Advances to Charity Lost in Bankruptcy Court denies nearly $1 million in “loans” not documented and made without authority Lead Stories
Court Can’t Reduce Penalties On Nonprofits Filing Late Tax Returns Tax Code gives courts no discretion to override amounts set by statutory formulas Lead Stories
Dissolved Foundation Lacks Standing to Contest Use of Gift Court says grant did not create either constructive or resulting trust Lead Stories
Court Voids Restrictions On Professional Resellers For-profit clothing collectors who sell and give to charity can be made to disclose for-profit status, not payment rates Lead Stories
Does Estate Residue Go to Charities or Heirs? $1.5 million value of estate far exceeds specific dollar gifts of residue to charities Lead Stories
Court Requires Notice To Suspend Voting Rights Automatic suspension provision of bylaws contravenes New York state law requiring notice Lead Stories