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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
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.]
*** If Required By State Law ***
This Section for Notary:
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.
My commission expires: _____