Common use of Donor Clause in Contracts

Donor. A third party, including the Account Founder, who is not a Beneficiary, and who contributes his, her, or its own assets to an Individual Trust Account, whether such contribution is by gift, will, beneficiary designation, contract, or agreement.

Donor. A third party, including the Account Founder, who is not a Beneficiary, and who contributes his, his or her, or its own assets to an Individual Trust AccountAccount under the Trust Agreement for the benefit of a Beneficiary, whether such contribution is by gift, will, beneficiary designation, contract, or agreement.