A successor trustee and attorney-in-fact cannot delete charitable beneficiaries designated by an incapacitated settlor of the trust to name himself as beneficiary when the settlor dies, an appellate court in the District of Columbia has ruled. It has affirmed a trial court summary judgment and agreed that the trustee/attorney-in-fact did not act in accordance with the settlor’s reasonable expectations.
The board of directors of a nonprofit university alumni association has no fiduciary duty to the members of the association, a Court of Appeals in Texas has ruled.
When Mindy Lee was terminated as a volunteer for the Animal Aid clinic in Florida, she allegedly began to defame the clinic and was sued for defamation.
Total revenue received by private foundations rose nearly 22% between 2019 and 2020 while the number of private foundations increased by less than 1%, according to Internal Revenue Service statistics published recently. Total revenue jumped from $141.7 trillion in 2019 to $171.3 trillion in 2020, while the number of foundations edged up very slightly, from 103,299 in 2019 to 103,968 in 2020.
Attorneys who represented trustees who had been removed for breach of fiduciary duty had no attorney-client relationship with the trust itself and cannot be disqualified from continuing to represent the former trustees in attempting to reduce the judgment against them, the Utah state Supreme Court has held. The successor trustees and several beneficiaries had sought to disqualify them for conflict of interest as they sued the trust to reduce the $1.8 million judgment, most of which was payable to the trust.
An age discrimination claim against a Catholic health clinic under the Missouri Human Rights Act has been dismissed because the employer is “owned or operated” by a religious organization. An appellate court in Missouri has affirmed a trial court decision granting summary judgment to the defendants.
