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Charitable Donations Can Stray From Intended Use
Posted by
John Copeland
Wednesday, November 28 11:32 AM
Successful people sometimes want to leave a legacy by benefiting others. Some make gifts to nonprofit organizations, such as colleges, universities, and charities. Others create nonprofit foundations. To ensure a foundation continues after the donor’s death, the donor names a bank or law firm as the foundation’s trustee. Regardless of the chosen method, a donor wants their gift used as intended.
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