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What else can I help you with?
What is nonprofit organization?
schools,churches,hospitals
Can the president of a nonprofit be president of a profit organization?
no he cant,,he can only be appoint as a trustee of a orgnisation
Where can i go do my volunteer service for high school?
Hospitals, nonprofit groups
What are the responsibilities of an executor of a living trust?
A trust doesn't have an executor. It has a trustee. The trustee manages the trust according to the terms of the trust.
What form of healthcare business ownership is a hospital?
A hospital can be owned by various entities, including public, private, or nonprofit organizations. Public hospitals are typically owned and operated by government entities, while private hospitals may be for-profit or nonprofit. Nonprofit hospitals often reinvest surplus revenue into the facility and community services. Each ownership type influences the hospital's mission, funding sources, and operational priorities.
What are the death rates at the different types of hospitals in the United States?
Previous research has shown that death rates are 25% higher in proprietary hospitals than in teaching hospitals, and 6-7% higher in proprietary hospitals than in nonprofit institutions.
Is a settlor also a trustee?
A settlor is not the same as a trustee. The settlor creates the trust by transferring assets into it, while the trustee manages and administers the trust for the benefit of the beneficiaries. In some cases, the settlor can also be a trustee, but they are distinct roles with different responsibilities.
Can a trustee delegate and to whom?
A trustee can delegate certain responsibilities to others, such as investment advisors or property managers, as long as such delegation is permitted by the trust document and applicable laws. However, the trustee retains the duty to oversee and monitor the actions of those to whom they delegate responsibilities. Generally, the trustee cannot delegate their fiduciary duties or decision-making authority. It's essential for the trustee to act prudently and ensure that the delegate is qualified and trustworthy.
What is the responsibility of a trustee in a living trust?
The responsibilities of any trustee are set forth in the trust instrument. A trust should always be drafted by an attorney who specializes in trust law and tax law and who will set the provisions of the trust to meet the needs of the trustor. The powers and responsibilities of the trustee(s) are set forth in the trust instrument and they have no other powers.
Does a trustee get all the money in a trust?
No. The trustee has the power and authority to handle the money in the trust according to the terms set forth in the trust. The trustee must distribute the profits as provided in the trust and must distribute the remaining trust property when the trust terminates according to the provisions in the trust. The trust may also provide compensation for the trustee.
How do nonprofit agencies receive their funding?
Nonprofit organizations may receive funding from sponsorship, donations, or reimbursement for services. The designation "nonprofit" doesn't mean that the organization doesn't charge for services, but only that any resulting profit (the difference between income and expenses) is used within the agency to further its mission. For instance, both for-profit and non-profit hospitals charge for services, but non-profit hospitals don't distribute profits to owners or shareholders.
Can you be a trust trustee without signing a legal document?
No, you cannot be a trustee of a trust without signing a legal document. A trust is established through a legal instrument, typically called a trust agreement or declaration of trust, which outlines the roles and responsibilities of the trustee. This document must be signed to formalize the trustee's acceptance of their duties and obligations. Without this signed agreement, there is no legal basis for the trustee's authority.
