North Carolina Statutes

Chapter 36D North Carolina Community Trust for Persons with Severe Chronic Disabilities

§ 36D-6 Gifts, surplus trust funds

The community trust may accept gifts and use surplus trust funds for the purpose of qualifying as beneficiary any indigent person whose family members lack the resources to make a full contribution on that person's behalf. The extent and character of the services and selection of beneficiaries are at the discretion of the community trust. The community trust may not use surplus trust funds to make any charitable contribution on behalf of any beneficiary or any group or class of beneficiaries. The community trust may accept gifts to meet start‑up costs, reduce the charges to the trust for the cost of administration, and for any other purpose that is consistent with this Article. Gifts made to the trust for an unspecified purpose shall be used by the community trust either to qualify indigent persons whose families lack the means to qualify them as beneficiaries of the trust or to meet any start‑up costs that the trust incurs. (1991 (Reg. Sess., 1992), c. 768, s. 1; 2005‑192, s. 3.)

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