MUSLIM DONORS ARE NERVOUSMUSLIM DONORS ARE NERVOUS
To great fanfare, the government recently indicted seven leaders of the largest Muslim charity in the United States, the Holy Land Foundation for Relief and Development, for allegedly supporting terrorism. But, while news of the arrests made headlines, there's been little-to-no coverage of what this all means for the charity's donors. For instance, can the government disallow any of their past deductions?
September 1, 2004
Rorie M. Sherman Editor in Chief
To great fanfare, the government recently indicted seven leaders of the largest Muslim charity in the United States, the Holy Land Foundation for Relief and Development, for allegedly supporting terrorism. But, while news of the arrests made headlines, there's been little-to-no coverage of what this all means for the charity's donors. For instance, can the government disallow any of their past deductions? Prosecute them for aiding alleged terrorists?
Perhaps, but such scenarios don't appear likely, says Victoria Bjorklund, a partner in New York's Simpson Thacher & Bartlett LLP.
Bjorklund has studied the approximately two dozen charities that have been placed on the U.S. Department of the Treasury's Office of...
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