Charitable Contributions Stack Up

Abstract

The World Shoe Assn. board in recent weeks donated approximately $38 million to footwear and exhibition-industry organizations. WSA recently sold its assets - including the semiannual WSA Show - to Encino, Calif. based WSA Global Holdings, a privately held company under CEO Skip Farber and COO Diane Stone. The distribution of assets to charity was "consistent with the requirements of tax-exempt entities," according to a statement.