An appellate court in New York has permitted three churches to remove restrictions on permissible investments imposed by the same donor in his will. The donor had said that the churches could invest the bequests only in insured bank accounts and government securities. ( In Re: Estate of Chamberlin , Sup. Ct., App. Div., Third Dept., NY, 1/7/16. ) Leon C. Chamberlin died in 1999 and left endowment funds of about $217,000, $460,000, and $260,000 to the churches, imposing the investment limitations, and providing that the net income could be used only for the maintenance of their physical property. Because the return had been so low for many years, the churches asked for court approval to...