When drafting a testamentary or inter vivos restricted charitable purpose trust, charities should be aware of legal issues and concerns that may arise. Specifically, charities should take the time to tailor a restricted charitable purpose trust to fit the factual context and needs of the particular donor as necessary. The purpose of the following paper is to provide charities and those working with charities with a basic understanding of charitable purpose trusts that are subject to restrictions in the context of inter vivos and testamentary trusts, an understanding of possible areas of problems that may arise, and practical tips to consider when drafting restricted charitable purpose trusts.
To reference the paper, see “Considerations in Drafting Restricted Purpose Charitable Trusts.” Though the paper was prepared for the STEP National Conference on June 12, 2017 and is therefore addressed to lawyers and gift planners, the paper will have application to charities in general and as such can be a helpful resource tool in better understanding restricted charitable purpose trusts.