Tag: beneficiary
Does a Charitable Trust Need a Beneficiary? Understanding the Rules
A charitable trust does not have a specific human beneficiary. Instead, it benefits the public or a large section of it. Learn how trustees manage these assets, the legal differences from private trusts, and the role of cy-près.
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Who Owns the Assets of a Charitable Trust? Simple Answers for Nonprofits and Donors
The assets of a charitable trust are legally owned by the trustee, not the charity or donor. Understanding this key distinction helps donors, charities, and trustees avoid confusion and legal risks. Learn how ownership works and what happens if things change.
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