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January 27, 2021 at 3:03 PM
Shares23
I had occasion to work on a lot of matters involving charities and foundations during my time as a practicing lawyer. In the course of that work, the thing that never failed to elicit my rage was an institution taking someone’s earmarked money and trying to convert it against the donor’s wishes. I remember representing a Trustee in a case where the rest of the Board was trying to take a Foundation created for the creation and maintenance of an art museum and throw the money at a bunch of decidedly non-artistic projects. I’ve also seen a school take a gift funding a student activity special to the alum and commandeer it for general purposes as soon as the donor died and couldn’t protect his gift. There’s something about the brazenness of disrespecting someone as soon as they die that always drew a visceral reaction and I always appreciated the folks I had to work with at the NYAG’s Charities Bureau who did the good work of enforcing t