Topic
Charitable Trusts
130 published works
The New York Probate Litigation Blog
Sometimes A Dog’s Life Is ….A Dog’s Life
Leona Helmsley may have been known as the "Queen of Mean" but today's Wall Street Journal reminds us that she left about five billion dollars to her foundation , The Leona…
PropertyProf Blog
Restricting Use of Property From Beyond the Grave
By propertyprof
The NY Times has an interesting article on the problem of how to deal with restricted gifts to charities as times change. The story in Trinity’s case is a common one for…
New York Trusts & Estates Litigation
A Sop For Cerberus
This week's post informs readers of the recent New York County Surrogate's Court decision regarding whether the trustees of Leona Helmsley's charitable trust must actually use its funds for the…
New York Trusts & Estates Litigation
Leona’s Wishes May be Thrown To The Dogs
If you don’t like dog puns, you might want to stop reading now. Hotelier and real estate magnate Leona Helmsley loved dogs and she made no bones about it. Leona…
Pennsylvania Fiduciary Litigation
Hershey’s Kiss-Off
The goings on at Hershey Company are always of great local interest here in Central Pennsylvania. But of more than local interest is the litigation surrounding the management of the…
Florida Probate & Trust Litigation Blog
How Pennsylvania officials and an inept trustee board of directors screwed poor kids out of $1 billion by stopping the sale of candy-maker Hershey Company
Jonathan Klick of the Florida State University College of Law and Robert H. Sitkoff of Harvard Law School just published an outstanding article entitled Agency Costs, Charitable Trusts, and Corporate Control:…
Nonprofit Law Prof Blog
Klick and Sitkoff Publish “AGENCY COSTS, CHARITABLE TRUSTS, AND CORPORATE CONTROL: EVIDENCE FROM HERSHEY’S KISS-OFF”
Professor Jonathan Klick (Florida State) and Professor Robert H. Sitkoff (Harvard) posted an abstract of their Columbia Law Review article on charitable trust governance on SSRN. The article is entitled…
Nonprofit Law Prof Blog
Confidence in Charities Remains at Contemporary Lows According to Brookings Report
A report issued by the Brookings Institution finds that Americans' confidence in charities has not recovered from low levels reached after the American Red Cross Liberty Fund controversy in the…
Nonprofit Law Prof Blog
Trustee of Charitable Trust Takes Money, Goes to Jail
When trust attorney Luther Avery died in 2001, his son, Mark Avery, took over as trustee of a multi-million dollar charitable trust. The story in the San Francisco Chronicle doesn't…
Nonprofit Law Prof Blog
Administration of Charitable Trusts in Florida
Alex Espenkotter and Jennifer Facarazzo published Administration of Trusts in Florida: Charitable Trusts (Ch. 16). Here is the introduction:Charitable trusts are excellent vehicles for persons with philanthropic intentions to effectively…