AG: Dutchess property owners, charity trustees must repay $4M

By Colleen Wilson

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A more than 70-year-old New York City-based charity with ties to a Dutchess County property has settled with the state for more than $4.3 million after some of its leaders were found to have misused funds.

Investigators discovered the underlying value of the nonprofit Homeland Foundation Inc.’s account significantly decreased to $17.4 million in 2011, down from $39.8 million in 2006.

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About the author

Colleen Wilson
Colleen is a graduate of the Philip Merrill College of Journalism at the University of Maryland. She covers energy, transportation and state government for the Westchester County Business Journal.