CPAs and Advisors with Your Growth in Mind

Education

Harvard Ordered to Release Donor’s Financial Information

A federal judge has ordered Harvard University to release any financial information it possesses on entrepreneur Charles Spackman. The decision is in response to a lawsuit filed by investor Sang Cheol Woo to collect a judgment from Spackman, one of Harvard’s wealthiest donors. The Woo ruling could impact the money Harvard previously received from Spackman, and the school could be sued if a fraudulent transfer took place.

More on the Harvard ruling is available at the Nonprofit Quarterly website.

Topics: ,