Thursday, November 12, 2009

 

Charity Bankruptcy Leaves Many Donors in Distress

A CAUTIONARY tale for donors who entered into two time-tested, long-term giving arrangements — charitable gift annuities and donor-advised funds — has emerged from bankruptcy court... At the National Heritage Foundation, 9,000 donor-advised funds totaling $25 million in value were wiped out...

NYT: Charity Bankruptcy Leaves Many Donors in Distress

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