By
Marc Sheridan
and Don Tolep
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This could have turned out differently. The fundraiser could have offered to set up a trust. The donors could serve as trustees responsible for investing the money, and the nonprofit would be the owner/beneficiary. This way the donors could manage the assets and the religious institution still would receive the benefit of the gift. But the fundraiser was unaware of the scenario and he didn’t have an advisor to explain it.
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Marc Sheridan
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Don Tolep
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