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 Glossary   >   S   >   "Successor Election" Definition   

        Successor Election

The designation, in writing by a donor, of a person to be assigned the rights and duties associated with the donor"s account at the Charitable Gift Fund upon the donor"s death. Successors are eligible only after the deaths of all donors named on the account. The donor designates an individual as the successor, or the donor may choose to recommend that one or more charitable organizations receive the proceeds of any remaining units in the account upon the donor"s death.

Successor Election


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Successor Election - The designation, in writing by a donor, of a person to be assigned the rights and duties associated with the donor"s account at the Charitable Gift Fund upon the donor"s death. Successors are eligible only after the deaths of all donors named on the account. The donor designates an individual as the successor, or the donor may choose to recommend that one or more charitable organizations receive the proceeds of any remaining units in the account upon the donor"s death.


Successor Election : the designation, in writing by a donor, of a person to be assigned the rights and duties associated with the donor"s account at the charitable gift fund upon the donor"s death. successors are eligible only after the deaths of all donors named on the account. the donor designates an individual as the successor, or the donor may choose to recommend that one or more charitable organizations receive the proceeds of any remaining units in the account upon the donor"s death.