Tuesday, October 24, 2006

News at Eleven: "Ruth Lilly gave this wonderful gift

to the poetry world, and our job is to protect that gift," said John Barr, president of the Poetry Foundation, who estimated that the charities lost $100 million because of investments not made by National City.

The appellate judges upheld a ruling by Marion Superior Court, Probate Division, that endorsed the bank's plans for Lilly's estate, which oversees two charitable trusts in Ruth Lilly's name.

from The Indianapolis Star: 2 charities lose in Lilly estate ruling

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