Benefactor (law)
Appearance
- This page is about the legal term. For the computer game, see Benefactor (computer game).
A benefactor is a person or other entity providing [money] or other benefits to another; the person receiving them is called a beneficiary.
Benefactors come in many forms such as an alumnus from a university giving back to their college or individuals providing scholarships to others.[1]
By passing on items through death, a deceased is considered a benefactor. Whether they are passing on an IRA[2] or a will.
References
- ^ "Definition - Benefactor", OLO Definitions
- ^ "Passing on an IRA", Forbes