May 4, 2023
Court says gift was made when sale of stock was assured and gift of property was not properly appraised
Document required “annuity” payment of the greater of all net income or $50,000 a year to income beneficiaries
Court says advertising events in connection with charities constitutes solicitation and requires registration
Ready Reference Page
Organizations which are not publicly supported but use most of their assets and income in the active conduct of their charitable activities avoid some private foundation limitations.
Lessons From Litigation