Eagle Worldwide Inc.(fka ELWD)

[doubledip]

That is because the assets where not transferred to a charitable organization ie; (foundation or trust) but what has happened through the stock power form, the transfer of assets to FPA would be considered a gift whereas a gift tax would be imposed to the donor as to the value of the asset.

I think there will be an unpleasant conversation coming with the tax man in the near future.