Charters of Philanthropies: A Study of Selected Trust Instruments, Charters, By-Laws and Court Decisions

Charters of Philanthropies: A Study of Selected Trust Instruments, Charters, By-Laws and Court Decisions

Charters of Philanthropies: A Study of Selected Trust Instruments, Charters, By-Laws and Court Decisions

Charters of Philanthropies: A Study of Selected Trust Instruments, Charters, By-Laws and Court Decisions

Excerpt

For the purpose of facilitating study of the legal basis of American philanthropic foundations, a volume entitled Charters of Philanthropies was prepared a decade ago, and lithoprinted in a limited edition in 1939 for private circulation. It reproduced trust instruments, corporate charters, and by-laws of twenty-nine foundations, with a brief analytical introduction comparing some of the salient features of those documents.

In pursuance of a decision to issue a similar work of current date for publication and less restricted distribution, the present volume under the same title was prepared during 1947. The major portion of the book embraces eighteen separate exhibits of the basic documents appertaining to eighteen selected foundations. These exhibits are preceded by a brief introductory text presenting some elementary facts and discussion concerning charitable foundations in general, with specific mention of particular features of the legal basis of thirty-seven selected philanthropies, including those for which the above-mentioned exhibits appear. The introductory text also embraces pertinent items of information, gleaned from published court reports, concerning some thirty-eight additional charitable trusts. Thus about seventy-five such institutions are mentioned in this volume.

The treatment of the charter purposes, structure, and powers of the thirty-seven foundations first named in the introductory text has been submitted to the officers of each such foundation, and they have been kind enough to verify the statements pertaining to their respective institutions, and to offer many valuable suggestions. Therefore the present volume is a co-operative product to which the officers of thirtyseven foundations have contributed their attention; and for this service grateful acknowledgment is hereby made. No such foundation or officer is to be regarded as responsible for any error or shortcoming herein.

M. M. CHAMBERS

Washington, D. C.
November 1, 1947.

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