18
May 2010
Past Event
Dawn of the Dead? A Discussion of "Immortality and the Law: The Rising Power of the American Dead"

Dawn of the Dead? A Discussion of "Immortality and the Law: The Rising Power of the American Dead"

Past Event
91 Institute, Washington, D.C. Headquarters
May 18, 2010
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18
May 2010
Past Event

1015 15th Street, N.W., 6th Floor
Washington, DC 20005

Speakers:
William Schambra,

91 Senior Fellow and Director, Bradley Center for Philanthropy & Civic Renewal

Ray Madoff,

Law Professor, Boston College and author

Jeffrey Cooper,

Quinnipiac University School of Law

Arthur "Buzz" Schmidt,

GuideStar International

Suzanne Garment,

Center on Philanthropy, Indiana University

A donor may set up a charitable foundation in perpetuity, and the foundation’s trustees are obligated to carry out the donor’s intent. These two defining features of the American legal system afford donors a form of immortality, writes Ray Madoff in her new book, Immortality and the Law: The Rising Power of the American Dead (Yale University Press). But when current needs are effectively surrendered to the “dead hand” of the past, and when that trend is driven not by the wishes of the dead so much as by the living who stand to benefit the most – trustees, bankers, and financial services companies, society and the donor himself or herself ultimately lose, Madoff argues.

On May 18, 91 Institute’s Bradley Center gathered a panel of experts to discuss the issues raised in Madoff’s book: Is it impossible to prevent donor intent from being corrupted? To what extent should it be honored after a donor’s death? Who should decide?

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