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Old Yesterday, 02:31 PM   #24
John Mercier
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Quote:
Originally Posted by FlyingScot View Post
Fiduciary, of course, is one of the finance bros favorite terms to misuse. The Girl Scouts (or the legal owner) have a fiduciary duty to the estate of the donor to honor their intentions, even when those intentions conflict with the interests of the Girl Scouts.

(BTW, if we took your definition of fiduciary, no gift restrictions would ever be honored past the point at which the recipient wanted to maximize cash without regard for restrictions)

Sorry if these last two posts are kind of heated--this whole thing just enrages me. Camps are a disappearing treasure
https://indepthnh.org/2026/04/30/sal...being-opposed/

That document, in part, reads:
“In the event that the time comes when there shall be no organization known as the Arlington Girl Scouts, or the same organization under a different name, or any successor organization of like purposes in Arlington to utilize the site for camping purposes, then the trustees by unanimous consent may sell the property herein-above conveyed, together with all personal property then in the hands of the trustees, for such price, upon such terms and to such person, persons or organization as may to them seem proper”

The fiduciaries have a problem. Without a successor organization of like purposes in Arlington to utilized the site for camping purposes, the above moves to sale of the property, not rental.

Since those proposing to keep it a camp are not "in Arlington" or the same organization under a different name.
The grantor's wish is for a sale with the proceeds directed back to Arlington.

So from what I read, it comes down to whether those proposing keeping it as a camp are willing to offer enough for the Board to feel they are meeting their fiduciary obligation to make the best long term deal for their benefactors.

The interest of Meredith and surrounding property owners being no where in the grantor's wishes.
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