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Resource ID: #12694
Subject: Nonprofits
Source: Chronicle of Philanthropy (Washington, D.C.)
Affiliation: 
Date: Nov. 16, 1995

$0.00

Description

The intentions of a mentally incompentent 95 - year - old woman are at issue in a price-fixing lawsuit filed against several hundred charities. The woman's court-appointed guradian and his team of anti-trust lawyers contend that the charities are selling investments at below market rates. Charities say that they are making it easier for elderly donors to make contributions by offering payouts on gifts known as gift-annuities.

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