donee


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Donee

The recipient of a gift. An individual to whom a power of appointment is conveyed.

donee

n. a person or entity receiving an outright gift or donation.

donee

noun acceptor, beneficiary, devisee, grantee, legatee, recipient
See also: assignee, beneficiary, devisee, feoffee, grantee, heir, legatee, licensee, payee, recipient, transferee

donee

a person who receives a gift.

DONEE. He to whom a gift is made, or a bequest given; one who is invested with a power to select an appointee, he is sometimes called an appointer.

References in periodicals archive ?
the donee of a facade easement had lost a large percentage of its
If unforeseen circumstances make it impossible or impractical to continue using the eased land for conservation purposes, the conservation can nonetheless be treated as protected in perpetuity if the restrictions are extinguished by judicial proceedings and all of the donee's proceeds from a subsequent sale of the property are used by the donee in a manner consistent with conservation purposes of the original contribution.
Indeed, gifting to groups that are not qualified donees has been identified as one of the key non-compliance issues revealed by the Political Activities audits undertaken over the past three years pursuant to the direction included in the 2012 Federal Budget.
23) Other situations of contract enforcement where the identification of a donee beneficiary is exempt from the parol evidence rule are admittedly scant.
The court of justice will consider if the reason invoked by the donor for the donation revocation represents a penal deed committed by the donee against the donor and for which he is guilty.
Before creating the power, the donor was either the owner of the appointive property or the donee of a power of appointment with respect to the appointive property.
There may be undisclosed consideration provided by the putative donee, either of a sort that the tax system would ordinarily not recognize (such as an agreement to refrain from profanity), (8) or of a sort that the tax system quite possibly would, ideally, account for, if the transaction were properly reported (such as an agreement to provide care to an elderly relative).
A qualified appraiser must not be the taxpayer, a party to the transaction in which the taxpayer acquired the property, the donee, an employee of any of the above, or any other person who might appear not to be totally independent.
A gift by a pardanashin woman is also valid but in case of a dispute the burden of proof that the transaction was not conducted by coercion or undue influence is on the donee.
SHRINKING TAXES MINIMIZE TAXES BY MAXIMIZING GIFTS DONEE GIFT EXCLUSION Assuming gifts to three children $12,000 maximum per year 10 Years Annual Gift Gift As Part Exclusion Of Estate * Gift Intended For Donee $360,000 $360,000 * Estate Taxes -- (150,000) * Gift To Donee-Net of Taxes 360,000 210,000 TAXABLE GIFTS FROM LIVING DONER Assuming $100,000 gift intended from living donor vs.
2) The new section also contains reporting requirements relating to contributions of vehicles, which generally require the donor to substantiate the contribution with a contemporaneous written acknowledgment from the donee charity.
The requirements of IRC section 170(f)(12) must be complied with by both the donor and the donee charity for charitable contributions of a used vehicle with a claimed value greater than $500.