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Bankruptcy, Charities, and Restricted Gifts  


Author:  Michele A. W. McKinnon.


Source: Volume 09, Number 03, March/April 2010 , pp.1-3(3)




Family Foundation Advisor

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Abstract: 

With today’s difficult economic climate, bankruptcies are becoming more common than ever. Individuals, small businesses, and national corporations are turning to bankruptcy as a means of financial survival. Less prominent in press accounts of these cases is the fact that charities are likewise able to turn to bankruptcy to help them survive financial difficulties.

Keywords: 

Affiliations:  1: McGuire-Woods LLP.

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