Trustees May Not Unilaterally Modify Trust To Qualify as Charitable Remainder Annuity Trust
Document required “annuity” payment of the greater of all net income or $50,000 a year to income beneficiaries
Articles
Court Dismisses Consumer Protection Suit For Impinging on Charitable Solicitation
For-profit thrift store company advertises its relationships with charities who get paid for donations to stores
Private Club Is Not Subject To Title VII Discrimination Law
Court finds that golf club meets the definition of “bona fide membership club” exempt from rules
Court May Remove Charity Trustee For “Serious Breach of Trust”
Appellate court affirms trial court decision to remove for multiple breaches of fiduciary duty
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
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
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
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