Charitable Purpose Self-Quiz
Ilene established
a trust to care for the elderly. In addition, the trust required her to
become the director of the foundation. This is an example of
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Darren established
a trust at Davis Business Institute, a for-profit technology institute
in Dallas, “to educate graduates of any Dallas high school in computer
science, accounting or business.” This is a valid charitable trust.
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Becky took
a personal interest in her state’s attempt in redistricting. As
such, she established a trust to educate the people of her state on the
merits of redistricting. This was a grassroots effort, enlisting the help
of a variety of community activists to pass out flyers and make speeches
at community gatherings. This is a valid charitable trust.
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Katrina, a
follower of the Dalai Lama established a trust to promote the dissemination
of his teachings throughout the U.S. This is an example of
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Kevin, who
is an atheist, established a trust to promote atheism. This is an example
of
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Brooke created
a trust to pay funds “on the last school days of each calendar year
before Christmas and Easter, in as many equal parts as there are children
in the first, second and third grades of the Wilson Elementary School,
to be used by each child in the furtherance of his or her education.”
This is an example of
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Abe established
a trust in his hometown “to provide a sewage disposal plant.”
This is a valid purpose for a charitable trust.
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