Fidelity Charitable Prevails in Stock Gift Promises Case

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Abstract

The US District Court for the Northern District of California, by decision dated February 26, ruled in favor, on all counts, of the Fidelity Investments Charitable Gift Fund, in litigation against it, which asserted breaches of promises made to two donors who contributed stock to one of this sponsoring organization's donor-advised funds (Fairbairn v. Fidelity Investments Charitable Gift Fund).

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富达慈善在股票赠与承诺案中胜出
美国加州北区地方法院于2月26日作出裁决,在对富达投资慈善捐赠基金提起的诉讼中,在所有指控中,裁定富达投资慈善捐赠基金违反了对两名向该赞助组织的捐赠者建议基金之一捐赠股票的捐赠者的承诺(Fairbairn诉富达投资慈善捐赠基金)。
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