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Exact(8)
What matters is "donor intent" — that the wishes of the person setting up the trust are clearly described and carried out.
In setting up the trust, Mr. Solow's wife, Gina, followed a blueprint laid out in a 2005 article in an accounting publication, written by Howard D. Rosen, a lawyer in Florida whom she hired a few days after the jury verdict in early 2008.
Falkirk Council is setting up the trust to manage cultural and leisure activities on its behalf.
Bristol City Council's deputy leader, Simon Cook, said setting up the trust would help the city champion music.
Ridgewood takes 1% as the placement agent, another 2.5% to cover costs of setting up the trust and an investment fee of 4.5%.
In this case setting up the trust would be the economic equivalent of clawing back 64% of the money involved and donating only 36%.
Similar(52)
It was a general charitable duty, to which wealthy people responded by establishing schools and colleges, setting up the trusts that would fund them, and providing scholarships for poor pupils.
She set up the trust in 1983.
He set up the trust five years ago with £20m from selling shares in the first flotation.
Schembri, a former bank clerk, helped set up the trust and filled in much of the paperwork.
Earlier this year, the Senate Judiciary Committee approved a bill, sponsored by Senator Orrin Hatch, Republican of Utah, that would set up the trust fund.
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