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You can spread the philanthropic spirit among family, friends, employees, or other associates by naming multiple account advisors and donors. People you name can make subsequent donations and receive periodic communications regarding your account and The T. Rowe Price Program for Charitable GivingSM.
Joint Donor-Advisor
A joint donor-advisor has all the privileges you do as primary donor-advisor: donating, recommending investment allocations, making grant recommendations, and receiving account communications.
Secondary Donor-Advisor(s)
To encourage others to participate in your charitable efforts, you may name secondary donor-advisors and determine which of the following privileges each person should enjoy: donating, recommending investment allocations, making grant recommendations, and/or receiving account communications.
Successor(s)
If you have named a joint donor-advisor, that individual succeeds you as primary donor-advisor at your death. If you have not named a joint donor-advisor, or at your joint donor-advisor’s death, your successor becomes primary donor-advisor for the account.
Beneficiary Organization(s)
If you do not name a successor, you may wish to name a qualified charitable organization as beneficiary of account assets at your death and the death of your joint donor-advisor, if named.
If no successor or beneficiary organization is named, account assets are transferred to The T. Rowe Price Program for Charitable GivingSM General Giving Fund.
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"My son, as the successor to the account, will be charged with the responsibility of carrying out the plan, and he in turn can use this same vehicle to teach his sons the importance of philanthropy..." Glen Shipway
Beyond, Fall 2002, p. 6
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