DIY Legal Forms

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Public Charitable Trust

1. Introduction. This Agreement is entered into this [date], by and between [name] of [address] (Donor), and [name] of [address] (Trustee), and Trustee's successor, as Trustee in compliance with the terms of this Agreement.

2. General Purpose. The purchase of this Agreement is to create a public charitable Trust for [description of purpose of trust, e.g., music and art scholarship].

3. Corpus of Trust. Donor grants [or, conveys, assigns, transfers] the property described in Exhibit A annexed to this Agreement and made a part thereof [omitted] to Trustee, and his successor, as public charitable trustee. This public Trust, as well as all additions and accretions to the property, and all income, revenue, and profit from the property, is to be held, used, administered, and disposed of, forever, exclusively for the charitable purposes described above in the following manner: [description of trust administration].

4. Distribution of Income. The net income revenue and profit from the Trust will be distributed by Trustee each calendar year as follows: [manner of income distribution].

5. Duration. The duration of this public Trust will be perpetual.

6. Trustee's Powers. Trustee will have the following powers in order to manage and administer this public Trust: [description of powers].

7. Execution of Instrument. Donor is a resident of [state]. This Agreement will be administered and given effect according to the laws of [state]. If any of the beneficiaries of the Trust are located, or the administration of the Trust takes place, in any other state, the validity or construction of this Agreement will be governed by the laws of the State in which this Agreement has been executed.

8. Severability of Trust Provisions. If any provision of this Trust is declared illegal, invalid, or unenforceable, all other provisions will remain valid and enforceable and will take effect as though the severed provisions never existed.

9. Other Provisions. [Other provisions of trust may be included, as necessary.]

[dated]

[signature]

Donor

[signature]

Trustee

*** If Required By State Law ***

This Section for Notary:

ACKNOWLEDGMENT

State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)