Corporate Governance: The Jack Wright Series (13) a Not-for-Profit Organization

3 Pages Posted: 30 May 2017

See all articles by John L. Colley

John L. Colley

University of Virginia - Darden School of Business

Abstract

This last case in the Jack Wright series describes the issues facing a not-for-profit organization. The case outlines several strategic issues.

Excerpt

UVA-OM-1095

Rev. May 16, 2011

corporate governance: The jack wright series (13)

A Not-For-Profit Organization

When Sid Bigger and his wife died in 1965, they left 25% of the company to a charitable trust and the balance split equally between their two children, Sam and Sally. Their motives were both philanthropic and to reduce estate taxes.

The company had sales of $ 100 million and, after taxes, was making about $ 5 million. The book value of the equity was $ 50 million. So at book value, the trust was worth about $ 12.5 million. Each child received 37.5%, worth $ 18.75 million, and the two were appointed trustees of the charitable foundation.

. . .

Keywords: compensation, employee, legal aspects, board of directors, corporate governance

Suggested Citation

Colley, John L., Corporate Governance: The Jack Wright Series (13) a Not-for-Profit Organization. Darden Case No. UVA-OM-1095, Available at SSRN: https://ssrn.com/abstract=2974889 or http://dx.doi.org/10.2139/ssrn.2974889

John L. Colley (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

HOME PAGE: http://www.darden.virginia.edu/html/direc_detail.aspx?styleid=2&id=4273

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
0
Abstract Views
448
PlumX Metrics