Christian Purpose Trusts
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Authors
Simmons, Thomas E.
Issue Date
2020
Volume
53
Issue
4
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
INTRODUCTION|This Article contextualizes noncharitable purpose trusts, outlines and critiques the Uniform Trust Code provisions governing purpose
trusts, and proposes a corporate purpose trust format which preserves a business founder’s core Christian values modeled on a recent statutorybenactment in Oregon. With careful drafting, a corporate purpose trust could ensure a form of dead hand control with particularly inspirational outcomes. A corporate purpose trust embedded with Christian precepts could preserve those precepts by stitching them into the fabric of a trust as the primary, or even the sole, shareholder of company stock.
Description
Citation
Publisher
Creighton University School of Law