You have four children: James, John, Sarah, and Charlotte. #1) Brainstorm your name ideas. Pick the perfect name for your charitable trust. What's in a name? At this point, it’s good to have at least three great charity business names on your list, in case your any of your names are already taken. Another common choice when naming a family trust is to name the trust fund after the beneficiary and state the purpose of the trust. Charitable trusts require that that you give up legal control of your property, and charitable trusts are irrevocable-- once the trust becomes operational, you cannot change your mind and regain legal control of the trust property. However, there are some exceptions to this. In addition to certain guarantees provided by law, LegalZoom guarantees your satisfaction with our services and support. Get tips to choose a name for your trust. The fundsforNGOs Guide for NGOs on Corporate Social Responsibility. Start by brainstorming what words could fit into your business name. How It Works. The .CHARITY domain is the perfect online destination for individuals and organizations that are involved in philanthropy and charitable giving. Most of these can then be broken down further into subgroups to help you find the specific type of charity you are looking for. To create such a trust, the will provides that when the drafter dies some of his property would go to fund a trust. Naming the Trust - A trust can have any name.It can be short, long, easy, complicated, misleading, associative, or private. Naming the Trust - A trust can have any name.It can be short, long, easy, complicated, misleading, associative, or private. A trust avoids probate because assets transferred into the trust are held in the trust’s name and not in your name as an individual. Many charitable trusts and foundations derive their income from an endowment. - The name that is given to your trust, and to a lesser extent the trustees selected to manage the trust assets, are the main way that the trust protects privacy. This is the non-profitable organisation which is rendering help from healthcare facilities to education to the people. A charitable trust is a set of assets -- usually liquid -- that a donor signs over or uses to create a charitable foundation. Sports Feel Good Stories showcases inspirational sports stories that focus on good deeds, overcoming obstacles and sportsmanship.