donee


Also found in: Dictionary, Thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia.

donee

(dō-nē′) [L. donare, to give]
One who receives something, such as a blood transfusion, from a donor.
Mentioned in ?
References in periodicals archive ?
4) Defective exercise of the power, either wholly or in part, by the donee.
This conclusion is particularly likely if the donee took care of the donor while the eventual challengers did nothing to help.
Where one of these exceptions exists, an acknowledgment must be furnished by the donee charity within 30 days of the date of the contribution.
However, there is no tax benefit adjustment if the donee certifies to the IRS, by written statement signed under penalties of perjury by an officer of the donee.
Whether the donee is held out to the public, to customers, or to sources of financing as a partner is of primary significance.
The net gift is computed by reducing the gross value of the gift by the amount of the tax the donee must pay; the gift tax actually paid is based on the remainder.
3 Exercise of a power of appointment; type of instrument A power of appointment can be exercised only by a written instrument which would be sufficient to dispose of the estate intended to be appointed if the donee were the actual owner.
13) As a qualification of the rule, it is submitted that status of a donee beneficiary is unrelated to the policy basis of the parol evidence rule.
it transferred an amount of $574,000 for a share purchase that was in fact a non-charitable gift to a non-qualified donee arising from the tax planning arrangement;
In several recent Tax Court cases, the IRS contended that easement agreements assigning certain rights to mortgagees did not comply with regulations requiring a mortgagee's rights to be subordinated to those of the charitable donee.
Here, the donor and donee jointly elect to hold over any chargeable gains accrued during the donor's period of ownership, resulting in no tax payable until they themselves dispose of the asset.
Earlier this year, the Tax Court highlighted how an apparently slight oversight in documentation can upend the interdependent relationship between donee and donor.