Sirens & Gavels

Ranch moves assets before abuse trial

Joe Pickert, right, was executive director of both organizations when the Morning Star Boys’ Ranch deeded real estate to the Morning Star Foundation. Ranch executive director Richard I. Petersen, left, said charitable organizations often form foundations. “There was no attempt to defraud anybody,” he said.danp@spokesman.com (Dan Pelle)
Joe Pickert, right, was executive director of both organizations when the Morning Star Boys’ Ranch deeded real estate to the Morning Star Foundation. Ranch executive director Richard I. Petersen, left, said charitable organizations often form foundations. “There was no attempt to defraud anybody,” he said.danp@spokesman.com (Dan Pelle)

Morning Star Boys’ Ranch has moved the bulk of its assets, including securities and real estate worth millions of dollars, to a nonprofit foundation in advance of the first trial over sexual abuse lawsuits against it.

In 2007, the ranch transferred more than $12 million in securities and other assets to the Morning Star Boys’ Ranch Foundation, an organization that supports youth sports and other charities, according to federal tax documents.

Read the rest of Kevin Graman's story, complete with documents, here.




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