Wasn’t his sister busy buying or selling a sports team and showed no interests in the museum? Same for Gates. Busy explaining how ChatGPT is the best thing ever while all the money spent for “saving the world” seems to have led to nothing.
Regards, Tarek Hoteit > On Apr 25, 2023, at 6:50 AM, Paul Koning via cctalk <cctalk@classiccmp.org> > wrote: > > > >> On Apr 25, 2023, at 9:43 AM, geneb via cctalk <cctalk@classiccmp.org> wrote: >> >>> On Tue, 25 Apr 2023, Tom Hunter via cctalk wrote: >>> >>> Hopefully the LCM will be sold as a going concern rather than just a >>> firesale of the assets. >> AFAIK, it's a 503(c), and I suspect if they started to "fire sale" assets, >> lawsuits from folks that made significant donations would be inbound. > > Maybe, but what grounds would there be for a suit? If you donate to the > museum, the thing becomes their property, to dispose of as they see fit. > That is, unless you have a contract that says otherwise -- and even so, you'd > have to hope that a court would enforce a contract. There is ample precedent > of courts disregarding the plain English text of contracts or trusts to > permit museums to do things prohibited by the terms of agreements with > donors. A recent one (name forgotten) in Pennsylvania comes to mind. > > paul > >
