Edit: I threw the below together pretty quickly and now think it was wrong (because i hadn’t reviewed the whole statute closely). Sorry about that...
“For what it’s worth (and I haven’t been licensed/practiced as an attorney in a while) , My intuition is the charitable exception here seems pretty solid (for the grants that took the form of charitable donations to 501c3s/other charitable entitities. The key question to me doesn’t seem like if granting entity was a 501c3/foundation but whether the recipient was a charity/purpose of the donation was charitable. (The money given to individuals may be dicier but 1. I think it’s still fine and 2. It’s not that much in absolute terms such that I can’t imagine a bankruptcy trustee going hard after it). ”
Edit: I threw the below together pretty quickly and now think it was wrong (because i hadn’t reviewed the whole statute closely). Sorry about that...
“For what it’s worth (and I haven’t been licensed/practiced as an attorney in a while) , My intuition is the charitable exception here seems pretty solid (for the grants that took the form of charitable donations to 501c3s/other charitable entitities. The key question to me doesn’t seem like if granting entity was a 501c3/foundation but whether the recipient was a charity/purpose of the donation was charitable. (The money given to individuals may be dicier but 1. I think it’s still fine and 2. It’s not that much in absolute terms such that I can’t imagine a bankruptcy trustee going hard after it). ”