donee

(redirected from donees)
Also found in: Dictionary, Thesaurus, Medical, Legal.

donee

One who receives a gift.
References in periodicals archive ?
First, under the $500 de minimus per-donee exception, a donor may transfer up to $500 per year to as many donees as he or she pleases without incurring gift tax and without consuming any part of the $25,000 per-donor exclusion.
1) Section 170(c)(2) already requires that a charitable contribution must be made to a domestic corporation but does not impose any general use restriction on the donee organization.
3 This requirement is intended to insure that the exclusion is available only when the donees are known with certainty and the value of the gift definitely can be ascertained.
You may elect to treat a current-year contribution to a 529 plan as having been spread over five years for gift tax purposes, and thus, make a current year contribution of $60,000 per donee without gift tax consequences (assuming you have not previously made contributions to a 529 plan for a particular donee).
The guidance sets out some examples of PRI investments in entities that are non-qualified donees to illustrate how such arrangements might work.
The court noted that, similar to Hackl, because the donees received only an assignee interest, they lacked the ability to withdraw their capital accounts, to sell, assign, or transfer their partnership interests to third parties, or to encumber or dispose of the interests without the written consent of all the partners.
This enhanced deduction, however, is available only if the donee uses the property in furtherance of its exempt purposes and solely for the care of the ill, the needy, or infants.
Accounting and reporting regulations are established for donors and donees.
Under the new rules, foundations (or other registered charities) making transfers to qualified donees, where "it can reasonably be considered that a purpose of the gift is to support the political activities of a qualified donee," will have to report the expenditure as having been made on its political activities.
24) Part 1 is for gifts to donees who are not "skip persons" with respect to the donor, while Part 2 is for gifts to donees who are skip persons with respect to the donor.
The restrictions on membership changes and unit dispositions resulted in the units having no immediate value to donees.
Each "substancial contributor" would then undertake to comply with the regulations, by allocating its contributions to the private foundation on the same basis as the foundation's contributions to charitable donees are allocated.