Abstract
The US District Court for the Northern District of California, by decision dated June 17, dismissed a litigation challenge to operations of the Schwab Charitable Fund on the ground that the plaintiff lacked Article III standing to sue (Pinkert v. Schwab Charitable Fund). The absence of standing is based on the fact that, as the court stated, the plaintiff “gave up title to and control of his donation in exchange for an immediate tax deduction,” as the “statutory framework for donor‐advised funds provides” (citing IRC § 170(f)(18)(B)).
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