February 2016

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Lead Stories

School Can’t Temporarily Drop Residential, High School Programs

Court denies request by trustees of Girard College to permit deviation from trust because of decline in financial status

Bank Trustee Not Liable For Delay in Distributing Funds

Value of distributions to charities dropped $11 million between event trigging distribution and delivery of cash

Churches May Remove Restrictions On Endowment Investments

Court permits deviation from limitations imposed by donor in his will
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