Washington Trust Bank, as Trustee of the Endowment Care Fund of Greenwood Memorial Terrace Company v. United States
U.S. Court of Appeals for the Ninth Circuit
Washington Trust Bank, as Trustee of the Endowment Care Fund of Greenwood Memorial Terrace Company v. United States, 444 F.2d 1235 (9th Cir. 1971)
Washington Trust Bank, as Trustee of the Endowment Care Fund of Greenwood Memorial Terrace Company v. United States
Opinion
The district court, 301 F.Supp. 713, entered judgment granting a refund of capital-gain taxes paid by plaintiff, a trustee of an endowment fund established under Washington law to provide perpetual care for a profit-making cemetery.
The judgment is reversed, for the reasons stated in Evergreen Cemetery Association of Seattle v. United States of America, 444 F.2d 1232 (9th Cir. 1971).
The difference between a trustee (this case) and a nonprofit corporation (Evergreen Cemetery case) has no bearing upon tax exemption under Internal Revenue Code of 1954, § 501(c) (13).
Reference
- Full Case Name
- WASHINGTON TRUST BANK, as Trustee of the Endowment Care Fund of Greenwood Memorial Terrace Company, Appellee, v. UNITED STATES of America, Appellant
- Cited By
- 2 cases
- Status
- Published