charitable trust

3 Stories

Frugal Seattle Man Leaves $188M Secret Fortune

His will gave children's hospital biggest gift in its history

(Newser) - An elderly man who had holes in his clothes and took buses instead of taxis has amazed Seattle Children's Research Institute with what it says is the biggest gift ever earmarked for pediatric research—in the entire US. The hospital's research center will receive the largest portion of... More »

Helmsley Cash Doesn't Have to Go to Dogs

Judge nixes late Queen of Mean's mission statement

(Newser) - Leona Helmsley's fortune won't be going exclusively to canine charities after all, the New York Times reports. A judge decided yesterday that the famously prickly late hotelier's instruction in her will that all of her $8 billion go toward helping dogs was not binding, clearing the way for the trustees... More »

It's Our Tax Money Going to Helmsley's Dogs

Charitable donation laws subsidize the whims of the rich

(Newser) - Leona Helmsley’s latest post-mortem shocker—the revelation that she earmarked $8 billion of her charitable bequest for dog welfare—is a perfect illustration of the insanity of our charity laws, writes Ray Madoff for the New York Times. Helmsley isn’t just spending her own money; because charitable donations... More »

3 Stories