Loading...
Title : Donor Intent
link : Donor Intent
Donor Intent
According to news report, the Yona property on which the RMS sits is one of the sites that will be sold as a result of the child abuse lawsuits. But did anyone check the laws on whether this piece of property can be sold? What makes RMS special is that the property was acquired through a donor. The donor contributed 2 million dollars with the intention that the money be used to house the Redemptoris House Seminary.The donor's intent I protected by American law. According to Wikipedia:
On November, 2002, an ‘anonymous’ donation of two million US dollars was given explicitly and solely for the purchase of Hotel Accion to house the Redemptoris Mater Seminary. That was the donor's intent, which is protected by American law.In philanthropy, donor intent is the purpose, sometimes publicly expressed, for which a philanthropist intends a charitable gift or bequest. Donor intent is most often expressed in gift restrictions, terms, or agreements between a donor and donee, but it may also be expressed separately in the words, actions, beliefs, and giving practices of a philanthropist. Donor intent is protected in American law regarding charitable trusts, and trustees' primary fiduciary obligation is to carry out a donor's wishes.[1]Fidelity to donor intent is sometimes distinguished from grant compliance, and "donor intent" refers to the actions of a grantmaking entity and grant compliance refers to the actions of a grant recipient, but the term donor intent is commonly used to refer to both the guiding principles of a grantmaking entity and the purposes of a specific gift.[2]There have been many controversies, including litigation, over donor intent at private foundations, universities, and arts organizations.[3][4][5]
thus Article Donor Intent
that is all articles Donor Intent This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.
You now read the article Donor Intent with the link address https://onechildsmart.blogspot.com/2017/07/donor-intent.html
0 Response to "Donor Intent"
Post a Comment