This is the website for The H. Allen Charitable Trust is a grant-making trust and a registered charity, Charity Registration who is the settlor of a trust 802306. This is a general charitable trust.
The Trustees have no restrictions on them as to the kinds of project or the areas they can support. The Trustees are prepared to fund core costs as well as capital projects, but they are unlikely to provide initial funding for newly established organisations. Intending applicants should note that the organisations that have received grants in the past should not be taken as indicative of any geographical or other bias. All applications are considered on their merits. There is no typical grant size. The Trustees’ current funding priorities will be found in the section called Guidelines. There was never a plan or expectation on the part of the Settlor that this Trust would continue in perpetuity.
In 2015, the Trustees made a provisional plan to wind up the Trust by the end of 2020. They now expect to distribute all of their funds by the end of 2018. This is such a substantial sum that the Trustees thought it right to make a landmark capital grant as a lasting memorial to the Settlor’s philanthropy. 25 million to Keble College, Oxford. Acland private hospital, which it acquired some years ago.
Because the Trust’s grant has provided the essential equity required to enable the project to proceed, the new building is to be named the H. Clarendon Arch in Oxford alongside those of other major benefactors of the University. Allen Centre will provide a major centre for the College’s graduate students and new facilities to support the College’s inter-disciplinary Advanced Studies Centre. Please forward this error screen to 188. 01 Capacity of settlor same as testator. The capacity of a settlor required to create, amend, revoke, or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust, is the same as that required to make a will.
02 Revocation or amendment of trust. Unless the terms of a trust expressly provide that the trust is irrevocable, the settlor may revoke or amend the trust. This division does not apply to a trust created under an instrument executed before January 1, 2007. To the extent the trust consists of community property, either spouse acting alone may revoke the trust, but the trust may be amended only by joint action of both spouses. To the extent the trust consists of property other than community property, each settlor may revoke or amend the trust with regard to the portion of the trust property attributable to that settlor’s contribution. Upon the revocation or amendment of the trust by less than all of the settlors, the trustee shall promptly notify the other settlors of the revocation or amendment.
Upon revocation of a revocable trust, the trustee shall deliver the trust property as the settlor directs. An agent under a power of attorney may exercise a settlor’s powers with respect to revocation, amendment, or distribution of trust property only to the extent expressly authorized by both the terms of the trust and the power. A guardian of the estate of the settlor or, if no guardian of the estate has been appointed, a guardian of the person of the settlor may exercise a settlor’s powers with respect to revocation, amendment, or distribution of trust property only with the approval of the court supervising the guardianship. A trustee who does not know that a trust has been revoked or amended is not liable to the settlor or settlor’s successors in interest for distributions made and other actions taken on the assumption that the trust had not been amended or revoked. 03 Control of rights of beneficiaries and duties of trustees. During the period the power may be exercised, the holder of a power of withdrawal has the rights of a settlor of a revocable trust under this section to the extent of the property subject to the power. 04 Actions concerning certain revocable trusts.
An action to contest the validity of any transfer made to the trust during the lifetime of the settlor of the trust. The trustee receives written notification from a potential contestant of a potential action to contest the validity of the trust, any amendment to the trust, the revocation of the trust, or any transfer made to the trust during the lifetime of the settlor of the trust, and the action is actually filed within ninety days after the written notification was given to the trustee. This section applies only to revocable trusts that are made irrevocable by the death of the settlor of the trust if the grantor dies on or after July 23, 2002. In law a settlor is a person who settles property on trust law for the benefit of beneficiaries. In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor. Capacity to be a trustee is generally co-extensive with the ability to hold and dispose of a legal or beneficial interest in property.
In practice, special considerations arise only with respect to minors and mentally incapacitated persons. A settlor may create a trust by manifesting an intention to create it. In most countries no formalities are required to create an inter vivos trust over personal property, but there are often formalities associated with trusts over real property, or testamentary trusts. Where a settlement of property on a third party trustee by a settlor fails, the property is usually said to be held on resulting trusts for the settlor.
However, if a settlor validly transfers property to a third party, and the words used are held not to create a trust, the usual rule is that the donee take the property absolutely. In common law legal systems outside of the United States, a donor usually refers to someone who grants a power other than a trust. This page was last edited on 16 December 2017, at 04:39. Not sure which one is right for you? What Is the Difference Between a Trustee and a Settlor on a California Revocable Trust? A settlor and a trustee are two distinct roles, although one person can serve in both capacities. A settlor creates the trust and can reserve important powers with respect to the trust.