Trusts as ‘extraordinary drugs’

For our second image of philanthropy, we look at the organisational form of the trust; we go back to the early 20th century and an entry by Pierre Lepaulle in the Yale Law Journal. Reflecting on the growing prominence of trusts as social institutions he states:
‘They [trusts] are like those extraordinary drugs curing at the same time toothache, sprained ankles, and baldness sold by peddlers on the Paris boulevards; they solve equally well family troubles, business difficulties, religious and charitable problems. What amazes the sceptical civilian is that they do really solve them!’

Lepaulle, P. (1927). Civil Law Substitutes for Trusts. Yale Law Journal, 36(8), 1126-1147.

 

Drawing on some of the findings from our ‘Images of Philanthropy’ Initiative, each entry in this accompanying blog series introduces one image that has been put forward in an academic or non-academic context to depict or characterise an aspect of philanthropy in its different forms and expressions.

For further information about the ‘Images of Philanthropy’ Initiative, please contact Dr Tobias Jung.

2018-12-03T11:55:47+00:00