§ 21143 Gifts To Institutional Trusts

• •If someone gives money or stuff to a school or charity, it goes straight to the people in charge (trustees).
• •The trustees own it now and must use it the way the school or charity rules say.
• •The person who gave the gift can’t tell the trustees what to do with it—only the school or charity rules matter.

A rich person donates $10,000 to a local school for new computers.

The money now belongs to the school’s trustees, and they must spend it on computers or whatever the school’s rules say—not what the donor wants.