G. A. C. Halff Foundation v. Calvert

NORVELL, Justice.

This is an inheritance tax case, Article 7117 et seq., Vernon’s Ann.Tex.Stats. On October 30, 1947, Godcheaux A. C. Halff amended Clause No. XI of his original will so as to provide that one-half of three-eighths of the residue of his estate should be distributed to a charitable corporation, association or trust fund, to be selected by the trustees named in the will. After the death of the testator in September of 1950, the G. A. C. Halff Foundation was formed by the surviving testamentary trustee, and the use of the foundation’s property and resources was limited to…