DAF Donor Lacks Standing To Sue Over Excessive Fees
Court of Appeals affirms trial court decision dismissing case against Schwab Charitable Fund
The Ninth Circuit Court of Appeals has affirmed a trial court decision dismissing a suit by the creator of a donor advised fund who sought reputational and other damages on the ground that the sponsor of the DAF paid excessive fees for managing the investments and deprived him of funds to distribute to other charities. (See Nonprofit Issues® Vol. XXXI No.
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