Paul L. Caron
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Wednesday, November 13, 2019

Donor Who Made $40 Million Naming Gift Sues Law School For Failing To Print His Name On All Degrees

Globe & Mail, Donor Peter Allard Sues UBC, Demands His Name Be Printed on All Law Degrees:

UBC Logo (2019)A prominent donor who gave tens of millions of dollars to the University of British Columbia and whose name adorns the law school is taking the university to court for failing to ensure his name is also on the school’s graduate degrees.

Peter Allard, a lawyer and UBC graduate, gave $10-million to UBC in 2011 in part to fund the construction of a new law school building. In 2014, Mr. Allard made another donation of $30-million and the school itself was renamed the Peter A. Allard School of Law.

The donation agreement signed in 2014 specified that degree certificates granted by the law school would bear the name “Peter A. Allard School of Law.” But graduate degrees (master’s and doctorate) in law have not reflected the name change.

UBC has argued that those degrees are conferred by the faculty of graduate and postdoctoral studies, not the law school, and therefore are excluded from the agreement.

Mr. Allard and his lawyers have tried to get this changed and are now pursuing UBC through the courts. An arbitrator sided with UBC this year, saying that university officials did not address the question of graduate degrees during the negotiations over Mr. Allard’s gift.

https://taxprof.typepad.com/taxprof_blog/2019/11/donor-who-made-40-million-naming-gift-sues-law-school-for-failing-to-print-his-name-on-all-degrees.html

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Comments

How do courts decide the value received part of a gift like this, for tax purposes? I suppose it's like when you give $50 to a charity and get a cup worth $5 back, so you can only deduct $45.

Posted by: Eric B Rasmusen | Nov 15, 2019 9:25:52 PM