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The House of Lords upheld Court of Appeal that the next of kin, including Simpson, had a personal equitable remedy against the charities to recover the money, once the claims against the personal representatives were exhausted. Lord Simonds discussed why a mistake of law was different from a mistake of fact, because ignorantia juris neminem ...
A charitable remainder unitrust (known as a "CRUT") is an irrevocable trust created under the authority of the United States Internal Revenue Code § 664 [1] ("Code"). This special, irrevocable trust has two primary characteristics: (1) Once established, the CRUT distributes a fixed percentage of the value of its assets (on an annual or more frequent basis) to a non-charitable beneficiary ...
Charity non-profits face many of the same challenges of corporate governance which face large, publicly traded corporations. Fundamentally, the challenges arise from the "agency problem" - the fact that the management which controls the charity is necessarily different from the people who the charity is designed to benefit. In a non-profit ...
The investigation last year found that between April 2016 and July 2022, only a tiny proportion (8.5 per cent) of the charity’s overall expenditure was on charitable grants.
WE Charity has repeatedly asserted it was in no financial distress prior to, or during the scandal. This claim is challenged by the fact that on July 12, 2020, [55] it laid off hundreds of staff, followed by the sale of its Canadian real-estate and more layoffs in August, [56] before eventually closing all of its Canadian operations by ...
The Palace of Westminster, in which the Houses of Parliament are based This article lists the published allegations of expenses abuse made against specific members of the British Parliament in the course of the United Kingdom parliamentary expenses scandal. While the majority of these were first made public by The Daily Telegraph on or after 8 May 2009, a few cases had already come to public ...
A claim against the fund would depend upon showing that the undertaking was given in the context of an underlying transaction within the usual business of a solicitor: United Bank of Kuwait Ltd v Hammoud [1988] 1 WLR 1051. Nothing is more usual than for solicitors to act on behalf of clients in the acquisition of property.
Charitable trusts in English law are a form of express trust dedicated to charitable goals. There are various advantages to charitable trust status, including exemption from most forms of tax and freedom for the trustees not found in other types of English trusts. To be a valid charitable trust, the organization must demonstrate both a ...