Maddox Foundation, Tennessee settle contentious lawsuit
Under the terms of the agreement, announced at a press conference in Nashville this afternoon, the $100 million Maddox Foundation will be split roughly in two.
Tennessee will receive $55 million in liquid assets to seed a new nonprofit in Nashville to be called the Dan and Margaret Maddox Charitable Trust. The Maddox Foundation in Mississippi will retain $26 million in liquid assets as well as real estate assets valued at $20 million to $30 million.
Commercial Appeal
5/18/7
About the Author(s)
Magnolia Tribune
This article was produced by Magnolia Tribune staff.
More From This Author
Previous Story
Next Story
DC
|
Aamer Madhani, Associated Press
, Colleen Long
, Matthew Lee, Associated Press
, Zeke Miller, Associated Press
•
January 14, 2025
Biden administration will announce it’s lifting state sponsor of terrorism designation for Cuba
The determination could be quickly reversed after President-elect Donald Trump takes office and Secretary of State-designate Marco Rubio assumes the position of America’s top diplomat.
