The U.S. Court of Appeals for the Fourth Circuit affirmed the Tax Court's decision that the estate of David N. Marine was not entitled to a charitable deduction for bequests to Princeton University and Johns Hopkins University. The court found that the discretion given to Marine's personal representatives to compensate individuals who contributed to his well-being made the charitable remainder unascertainable at the time of death, thus not deductible.
documents/EFTA01100508.pdf
{}