- 4 -
member of the board of directors. Petitioner Ms. Illi became
director of the school as well as a corporate officer. Both were
employees of the corporation and were compensated for their
services.
Little Rascals provided child care and development services
for children ranging in age from 3 months to school age. Such
services included direct care and supervision; resource and
referral programs; and instructional programs in academics,
social skills, arts, and athletics. The center met all
governmental requirements for licensing and had an excellent
reputation in the community as a quality child care center.
Petitioners developed and maintained close interpersonal
relationships with parents, teachers, and staff. This hands-on
approach engendered a trust and confidence which frequently led
parents to return with their later children.
Transfer of the Business to a Charitable Unitrust
In November of 1990, petitioners met with attorney Richard
Polse and informed him that they were considering the sale of the
Little Rascals business and were interested in achieving estate
planning and charitable giving goals. Petitioners were concerned
with establishing an income source for support during retirement
years. They also desired to contribute to Project Grant a Wish
after witnessing the generosity of the charity toward a child in
their center who had died of leukemia. Mr. Polse advised
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011