What are the requirements for the ASU Foundation to serve as trustee of a charitable trust?
A. The ASU Foundation will serve as trustee, and actively seeks to be named as trustee under the following guidelines: if the ASU Foundation’s portion of the remainder interest (the charitable deduction) equals at least 25% of the total trust, but in no case, less than $50,000. It is not essential that the ASU Foundation be named as trustee; the Gift Planning Office is pleased to work with the donor and his/her choice of trustee whether it be a trust company, a bank, or an individual.
