A trustee found liable for breach of fiduciary duty and ordered to pay $1.6 million in attorney fees and costs is unable to recover the payments under an indemnification clause in the trust, an appellate court in California has ruled. 

The Internal Revenue Service has won another battle against deductions for conservation easements it believes are unjustified.  The Tax Court has denied a deduction for an easement that includes an improper formula on what happens to the proceeds if the property is ultimately sold and the easement terminated.

While national attention has been paid to the urgency of getting more women on for-profit boards to improve corporate governance, little notice has been paid to many of the largest nonprofits in the country – namely universities and hospitals – many of whose boards have failed to diversify.

A ground-breaking new national study published by Nonprofit Issues^® reveals some of the hurdles women face getting onto the boards of nonprofit educational and healthcare institutions (“eds” and “meds”) as well as the barriers they face to serving effectively on them.

A terminated YMCA executive may proceed with claims of discrimination under the Aged Discrimination in Employment Act and Title VII of the Civil Rights Act of 1964 on the basis of an allegation that he was succeeded by a “far younger and less experienced female,” a federal District Court in New York has ruled.