The commission also publishes donations accepted by regulated donees
on a monthly basis.
Moreover, most donees
are careful to make clear to prospective donors
The named donees
signified their acceptance of the donation on the face of the document.
Looming regulatory concerns with making gifts to groups that are not qualified donees
are a case in point.
Ensure the organization is a Canadian registered charity or other qualified donee
. Only Canadian registered charities and other qualified donees
can issue official tax receipts.
Whenever a power of appointment is created in two or more donees
, all must unite in its exercise, unless the instrument creating such power provides otherwise.
(2) In that case, the taxpayers failed to show that gifts of partnership interests conferred on the donees
an unrestricted right to immediately use, possess, or enjoy either the property itself or income from the property.
As to donees
, exclusion of the amount or value received might or might not be allowed.
The voting preferred stock is retained by the parent in order to maintain control of the corporation, and the nonvoting common stock is given to the children, or other donees
. As long as the retained preferred stock is entitled to dividends, it will be considered to have a value generally equal to the present value of the right to future payments.
(6) For the temporary regulations providing guidance for the filing of information returns by donees
relating to qualified intellectual property contributions, see Temp.
(1) Equally important, rightful donees
with an understanding of these factors can take care to structure a gift in a manner that will avoid later challenge.
"The centre is funded as a regulated donee
, yet under the law regulated donees
cannot be part of a political party.