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Donor Denied Recovery of Contribution Misused by Donor-Advised Fund  


Author:  Staff Editors.


Source: Volume 10, Number 03, March/April 2011 , pp.9-10(2)




Family Foundation Advisor

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Abstract: 

In Styles v. Friends of Fiji (Case No. 51642 (Feb. 8, 2011)), the Nevada Supreme Court held that a donor was not entitled to return of his contributions to a donoradvised fund (DAF) that failed to use them in accordance with the donor’s intentions, as set forth in the DAF agreement.

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