Legal Question in Wills and Trusts in Florida
If a Club that has members creates a Foundation to make charitable gifts, are the members of the Club also considered members of the Foundation?
Asked on 4/07/11, 8:15 am
1 Answer from Attorneys
Sanford M. Martin
Sanford M. Martin, P.A.
Not necessarily; members of the Foundation are defined in the documents creating the Foundation, consistent with legal requirements for charitable foundations.
Answered on 4/07/11, 9:04 am