The Low Road to Cy Pres Reform: Principled Practice to Remove Dead Hand Control of Charitable Assets
Author(s) -
Rob Atkinson
Publication year - 2005
Publication title -
ssrn electronic journal
Language(s) - English
Resource type - Journals
ISSN - 1556-5068
DOI - 10.2139/ssrn.845927
Subject(s) - business , control (management) , low income , law and economics , public economics , public administration , labour economics , economics , finance , political science , demographic economics , management
This paper deals with practical, if unorthodox, means for removing dead hand control of charitable assets: unilateral trustee disregard of dead hand restrictions, collaboration with state attorneys general to remove such restrictions without recourse to judicial action, purchase of control from private parties, and invocation of the power of eminent domain. Although these measures fall far short the general elimination of dead hand control that I have advocated elsewhere, their cumulative effect should be to erode such control, even as they free charitable assets in particular cases.
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