Topic
Charitable Trusts
130 published works
Nonprofit Law Prof Blog
Wendy Gerzog on “The Strict Rules of Charitable Split-Interest Trusts”
Wendy Gerzog has published an article discussing an article that might be categorized under the headline "No good deed goes unpunished" or maybe "Tax traps for the unwary." Here is…
M & A Law Prof Blog
Hershey’s Kiss
For those of you following the drama at Hershey's, I've been meaning to post a link to a terrific new paper by Jonathan Klick and Robert H. Sitkoff entitled Agency…
Wills, Trusts & Estates Prof Blog
Reserved power gave the settlor standing
The settlor of some chartiable remainder unitrusts retained the right to change the charitable beneficiaries, remove and replace the trustees, and to approve required annual accountings.Three years after creation of…
Wills, Trusts & Estates Prof Blog
Cy pres applicable although the beneficiary caused the impossibility
The donors created a perpetual trust to create and maintain a flower garden at a specific site in a city park as a memorial to a family member.More than thirty…
Wills, Trusts & Estates Prof Blog
Hershey Update
Earlier on this blog, I have reported on an article discussing the plight of the charitable trust that controls the Hershey company.According to Julie Jargon, At Hershey, Sweetness Is In…
Wills, Trusts & Estates Prof Blog
The Hershey Case Analyzed with Surprising Results
Jonathan Klick (Jeffrey A. Stoops Professor, Florida State University College of Law) and Robert H. Sitkoff (John L. Gray Professor of Law, Harvard Law School) have recently posted on SSRN…
Securities Law Prof Blog
Hersey’s CEO Announces He Is Stepping Down
Hershey is one of the few public companies that is controlled by a charitable trust. (A few years ago, the Trust blocked a sale of the company for fear it…
PropertyProf Blog
Klick and Sitkoff on Hershey Trust
By propertyprof
Jonathan Klick and Robert Sitkoff have recently posted an exciting paper on the cost of the 2002 injunction that prevented the Hershey Trust's sale of its controlling interest in the…
Wills, Trusts & Estates Prof Blog
More on the Bishop Estate
Earlier on this blog, I discussed a book authored by Samuel P. King (Judge, U.S. District Court for the District of Hawai'i) and Randall W. Roth (professor, University of Hawai'i…
Wills, Trusts & Estates Prof Blog
More Colleges Allow Investments in Their Endowments
The following excerpts are from Arden Dale, Smart Investment With Harvard?, Wall Street J., March 24, 2007, at B2, which discusses how charitable trusts may invest in a college's endowment:Harvard…