Randy Cohen Ruined Donor Wants Contribution Back 2009: Charity Longtime

Randy Cohen Ruined donor wants contribution back

I work for a large charity.
A longtime donor had recently wired us a considerable contribution when he learned he was financially ruined by investing with Bernard Madoff. A week or so later, the donor asked us to refund his money. I sympathize, but I don’t want to imperil our charitable status. What is the right thing to do Name Withheld It would be a fine thing if you could return this recent contribution. Had your donor truly understood his circumstances — his profits were a mirage, he was a dupe, Miss California’s breasts were artificially enhanced (not strictly germane, perhaps, but it makes a pattern) — he would not have made this donation. You can’t give what you don’t have. It is not ethical to exploit his error and thus worsen his misfortune. What constitutes “recent” is debatable. Should you return a donation made in March Six months ago Six years ago Fortunately, this is not a debate you must engage in, given how soon after receiving this gift you learned of the donor’s circumstances. Returning the money would make this situation akin to any transaction with a cooling-off period: a chance to reconsider a financial decision. I was born in Korea and adopted as a baby. My birth sister in Korea contacted me to say that our father had passed away, leaving a sizable inheritance. Korean law bestows this on his children. I am unsure if he wanted me to have it — like many Koreans, he wrote no will. My birth sister said he often thought of me and wished me well. May I claim half of the inheritance, or should it all go to her She was raised among our Korean family, although by an uncle. Anne D., Penn Valley, Pa.
Take the money. Your father knew how his estate would be divided. He could have redirected this money but chose not to. From what your birth sister told you — and she took some trouble to do so — it sounds as if he would be pleased to do something for you. There can be no certainty about his wishes, but you could reach out to other relatives who knew him and who might offer more insight into his feelings.

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