November 27, 2013

Perpetuity with flexibility: Henry McCance’s daughters will have the option to spend down

Henry McCance set up his foundation in perpetuity, but says he also gave his two daughters “the flexibility, when I'm no longer around, to decide to terminate it in whatever period of time they choose or see fit.”
See More Remarkable Givers


Creative Commons License logo
This work is licensed under a Creative Commons Attribution 4.0 International License. Permissions beyond the scope of this license are available in our Terms and Conditions.