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Charitable Trust Agreement

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Charitable Trust Agreement Powered By Docstoc
					A Charitable Trust Agreement is a trust which is created by one or more trustees for a
charitable purpose. The trust agreement sets out the rules and regulations which
covers the trust and provides for the right, powers, and responsibilities of the trustees.
This document contains standard language common to similar agreements, such as
requirements that any and all income shall be applied to the charitable purposes of the
trust and a mediation provision, but this agreement can be customized to fit the needs of
the drafting parties.
                                CHARITABLE TRUST

      THIS CHARITABLE TRUST DEED (the “Deed”) made the ____ day of ________,
2_____,    among      ____________________,       _________________________ and
__________________ (collectively the “Trustees”).


       WHEREAS the Trustees are desirous to establish a charitable trust (the “Trust”) for the
purposes described herein;

        AND WHEREAS the Trustees hereto have each contributed the sum of ______ ($____)
Dollar to establish the Trust (the “Trust Property”);

        AND WHEREAS the Trustees have entered into this Deed to provide for the control and
day to day affairs of the Trust;

       THE TRUSTEES HERETO HEREBY AGREES AS FOLLOWS:

1.00   GENERAL PROVISIONS OF THE TRUST

1.01   The name of the Trust shall be _______________________.

1.02 The purpose of the Trust shall be _______________________________ and more
particularly, the Trust will:

       (i)
       (ii)
       (iii)

1.03 The registered head office address of the Trust shall be located at ________________ or
at such other place as the Trustees of the Trust shall determine.

1.04 The Trustees hereby acknowledge and agree that the board of Trustee shall at all times
shall be comprised of no less than _______ (___) Trustee and shall have no more than ______
(___) Trustees at any given time. The Trustees of the Trust shall appoint officers of the Trust to
hold the offices of President, Chairman, Secretary and Treasurer. The Trustees shall appoint the
officers of the Trust at the first meeting of the Trustees to be held within ______ (__) days of the
execution of this Deed.

1.05 Any Trustee wishing to resign as a Trustee of the Trust shall deliver to the remaining
Trustees his or her resignation. Any Trustee that is found to be incompetent shall immediately
cease to be a Trustee of the Trust.
1.06 The board of Trustees shall have all of the right, power and authority to elect trustees to
the board, providing such election falls within the minimum and maximum numbers allowed for
the board as set out in section 4 hereof.

1.07    The financial year end of the Trust shall be the ____ day of ______ in each and every
year.

2.00    MEETINGS OF THE BOARD OF TRUSTEES

2.01 Members of the board of Trustee will be required to attend all meetings of the board of
Trustees. In the event a Trustee fails to attend ______ (___) consecutive meetings of the board
of Trustees, the remaining Trustee shall have the sole discretion to remove such Trustee from
their appointment as a Trustee of the Trust.

2.02 A quorum of the board of Trustees shall be _______________ of the votes cast at a
meeting of the Trustees. In the event that there is tie or a decision cannot be reached by the
board of Trustees, the Chairman of the meeting shall have the deciding vote.

2.03 Meetings of the board of Trustees shall be held at the registered head office of the Trust
or at such other location as the board of Trustees may determine. The board of Trustees shall
meet at least _____ (__) times per year. The Secretary of the Trust shall provide written notice
to the board of Trustee of notice of the meetings and location.

2.04 The Secretary of the Trust will maintain an up-to-date minute book of the Trust which
shall be kept at the registered head office which may be reviewed by any of the Trustees at any
given time. The minute book of the Trust shall contain all resolutions of the Trust and copies of
any relevant documentation relating to the Trust.

3.00    POWERS OF THE TRUSTEES

3.01 The Trustees of the Trust shall have all of the right, power and authority to use the funds
of the Trust in any way which the board of Trustee deems necessary and fit.

3.02 The Trustees shall have the right, power and authority to purchase, sell, lease or mortgage
any real or personal property.

3.03 The Trustees shall be permitted to invest any surplus funds of the Trust in any way that is
permitted by law for the investment of the charitable trust funds and upon such terms and
conditions as the board of Trustees deems fit.

3.04 The Trustees shall have all of the right, power and authority to borrow money on behalf
of the Trust and to pledge security for any and all sums borrowed.

3.05 The Trustees shall have all of the right, power and authority to do all things necessary or
desirable to enable the board of Trustees to give effect to and attain the charitable purposes of
this Trust.



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3.06 The Board may from time to time appoint a
				
DOCUMENT INFO
Description: A Charitable Trust Agreement is a trust which is created by one or more trustees for a charitable purpose. The trust agreement sets out the rules and regulations which covers the trust and provides for the right, powers, and responsibilities of the trustees. This document contains standard language common to similar agreements, such as requirements that any and all income shall be applied to the charitable purposes of the trust and a mediation provision, but this agreement can be customized to fit the needs of the drafting parties.
This document is also part of a package Estate Planning Starter Kit 20 Documents Included