Foundation Brings Rare Suit Over Rescinded Pledge

Foundation Brings Rare Suit Over Rescinded Pledge - WealthManagement.com (JEH: This is a case against the estate of the Redken hair products founder over a $5 million pledge made in 2007 that was later revoked in 2013, allegedly based on the donor's displeasure with a change in the hospital's administration and its potential sale. As the article accurately points out, most charitable organizations do not litigate these types of cases, even if they could likely prevail, because of the perceived public relations price. A PDF version of the complaint is available here.)