Marvin Schwan Charitable Foundation

U.S. charity loses one-third of assets in Cayman Islands property investment

February 3, 2014

Missouri-based charity The Marvin M. Schwan Charitable Foundation has written off loans totaling $250 m that helped build The Ritz-Carlton, Grand Cayman hotel and residences development in the Cayman Islands. The amount was one-third of the charity's total assets.

The Marvin M. Schwan Charitable Foundation: 2011 Tax Return

October 21, 2013

Tax Return of The Marvin M. Schwan Charitable Foundation for the 12 months ended November 30, 2012.

The Marvin M. Schwan Charitable Foundation: 2010 Tax Return

October 15, 2012

Tax Return for The Marvin M. Schwan Charitable Foundation for the 12 months ended November 30, 2011.

The Ritz-Carlton, Grand Cayman’s balance sheet shows insolvency of $340M, court told

September 26, 2012

The Ritz-Carlton, Grand Cayman development appears to be insolvent by at least US$340 million, developer Michael Ryan and one of his many firms took out more than US$44 million from 2005 to 2012 in circumstances that are under investigation, and the "best hope" for unsecured creditors is a dividend of 2.5 cents on the dollar, according to information in a court ruling issued yesterday.

Cesar Hotelco (Cayman) Ltd. et al v. Michael Ryan et al: Ruling on Indemnity & Security for Costs

September 25, 2012

Ruling on Indemnity & Security for Costs in Cesar Hotelco (Cayman) Ltd., Cesar Properties Ltd., Condoco Grand Cayman Resort Ltd., Condoco Properties Ltd., and Endless Service Ltd. v. Michael Ryan, Orion Developers Ltd., Deckhouses Construction Company Ltd., I.R.R. Ltd., Endless Services Management Ltd., and BlueTip Watersports Ltd. at the Grand Court of the Cayman Islands.

U.S. charity’s exposure to collapse of Ritz-Carlton, Grand Cayman may exceed $400M

September 10, 2012

A religious charity in the United States - The Marvin M. Schwan Charitable Foundation - appears to have potential liabilities of more than $400 million due to the financial collapse of The Ritz-Carlton, Grand Cayman development, OffshoreAlert can reveal.

RC Cayman Holdings LLC v. Michael Ryan: Re-Amended Statement of Claim

August 3, 2012

Re-Amended Statement of Claim in RC Cayman Holdings LLC v. Michael Ryan at the Grand Court of the Cayman Islands.

U.S. owner of $250M loan seeks to take control of The Ritz-Carlton, Grand Cayman development

February 28, 2012

The United States-based owner of a $250 million loan is attempting to take control of The Ritz-Carlton, Grand Cayman luxury resort in the Cayman Islands from developer Michael Ryan, OffshoreAlert can reveal.

The Marvin M. Schwan Charitable Foundation: 2009 Tax Return

October 14, 2011

Tax Return for The Marvin M. Schwan Charitable Foundation for the 12 months ended November 30, 2010

The Marvin M. Schwan Charitable Foundation: 2008 Tax Return

October 13, 2010

The Marvin M. Schwan Charitable Foundation - Tax Return for 2008

The Marvin M. Schwan Charitable Foundation: 2007 Tax Return

October 15, 2009

The Marvin M. Schwan Charitable Foundation - 2007 Tax Return

The Marvin M. Schwan Charitable Foundation: 2006 Tax Return

October 14, 2008

The Marvin M. Schwan Charitable Foundation - 2006 Tax Return

The Marvin M. Schwan Charitable Foundation: 2005 Tax Return

July 16, 2007

The Marvin M. Schwan Charitable Foundation - 2005 Tax Return

The Marvin M. Schwan Charitable Foundation: 2004 Tax Return

October 15, 2006

The Marvin M. Schwan Charitable Foundation - 2004 Tax Return

The Marvin M. Schwan Charitable Foundation: 2003 Tax Return

October 14, 2005

The Marvin M. Schwan Charitable Foundation - 2003 Tax Return

Mark D. Schwan et al v. USA: Memorandum Opinion and Order

March 17, 2003

Memorandum Opinion and Order in Mark D. Schwan, Paul M. Schwan, and Lawrence A. Burgdorf, as Co-Executors of the Estate of Marvin M. Schwan, v. USA at the U. S. District Court for the District of South Dakota.