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Language of Trust Allows School to Contract

Language of Trust Allows School to Contract

Language of Trust Allows School to Contract

Court looks to IRS Regulations to determine definition of “regular” enrollment of students
An appellate court in Wisconsin has affirmed a trial court decision allowing a private school created pursuant to a decedent’s trust to contract from a four-year college prep boarding school to a “semester away” program for students at other institutions. It said the board’s contraction in response to financial constraints was not prohibited by the terms of the founding instrument.

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