Providing beneficiaries with copies of agreements that name them is
customary. However, it is not necessary for you to share the details about
other recipients or the amounts/percentages to which they are entitled.
What most charity beneficiaries are most concerned about is ensuring they
know what they are receiving and whether the donor specified a particular
use.
John
John H. Taylor
Principal, John H. Taylor Consulting
2604 Sevier St.
Durham, NC 27705
johntaylorconsulting@gmail.com
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
On Fri, Mar 15, 2019 at 4:34 PM Gwen Donev <
gwendonev@gustavus.edu> wrote:
> A donor has named us as the Trustees on a CRUT. There are several other charities that are named in the agreement as beneficiaries, one of whom has asked us for a copy of the agreement. I found an old communication in the fundsvcs archives where John responded to a similar question with, "As a beneficiary you would have a right to a copy of the trust document from the bank.", so I assume that it is ok for us to provide a copy to a named beneficiary; just wanting to be sure I'm not overlooking any privacy requirement.
>
> Thanks,
>
> Gwen
>
>
> --
> *Gwen Donev*
>
> Director of Advancement Services
>
> Gustavus Adolphus College
>
> 800 West College Avenue
>
> Saint Peter, Minnesota 56082
>
>
>
> Email:
gwendonev@gustavus.edu
>
> Office: 507.933.6515
>