Baptist Foundation for Christian Education v. Baptist College

Shaw, Judge:

This is an appeal from a decision of the Master in Equity of Charleston County. The respondent — Baptist Foundation for Christian Education (the Foundation) seeks to recover a fund of $259,076.88 plus interest that was transferred to the appellant — Baptist College of Charleston (the College) in 1973. The Master imposed a constructive trust on the fund, awarded $112,628.48 in interest and ordered that the entire amount be transferred to the Foundation. The College appeals. We reverse.

This matter began in 1967 when Dr. and Mrs. J. W. Carpenter transferred about $250,000 to the New…