3 ms·
Donors absolutely have standing to sue if their donations are misused.
by mr_toad 3y ago
Donors absolutely have standing to sue if their donations are misused.
- sanxiyn 3y agoNo, donors have no standing. See https://www.thetaxadviser.com/issues/2021/sep/donor-no-standing-sue-donor-advised-fund.html https://www.thetaxadviser.com/issues/2021/sep/donor-no-stand....
- littlestymaar 3y agoThis is case is about suing a donor-advised funds though, so I'm not sure it's particularly relevant.
- Matticus_Rex 3y agoThis ruling is fairly specific to its facts, and is about a particular cause of action (financial mismanagement). While donors don't have standing for that cause of action by statute, it appears they do for breach of fiduciary duty: Cal. Bus. & Prof. Code § 17510.8. And that's the only CoA where they're relying on CA nonprofit law.