Why should I use WaterStone Support Foundation?
Every charitable trust must have a trustee. The responsibility of the trustee is to complete the legal and technical terms of the trust. These fiduciary responsibilities are legal promises to the grantor, the Internal Revenue Service, and the charities which will be benefited as a result of the grantors’ generosity when the trust terminates. WaterStone Support Foundation serves in this important role as trustee. Additionally, using WaterStone Support Foundation as trustee in conjunction with a family Donor Advised Fund at WaterStone allows the grantor to add maximum flexibility to their charitable beneficiaries selection. As grantors’ interests expand and change, charitable beneficiary preference may be modified with a simple letter of advisement to WaterStone.
