Donor Liability: Foundation and Its Secretary-Treasurer Liable for Promised Grant
Author: Staff Editors.
Source: Volume 04, Number 06, September/October 2005 , pp.6-6(1)
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Abstract:
Elsewhere in this issue we discuss cases involving a donor's ability to enforce conditions on a grantee. What about the reverse situation? Can a grantee successfully sue a donor who doesn’t actually ante up the promised funds? A recent federal appeals court decision upheld a lower court ruling holding that a foundation was liable for $377,000 in damages and an additional $100,000 in punitive damages for failing to follow through with grants it had promised. And, in a surprising turn of events, an officer of the foundation was also held liable.Keywords:
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