P.R. Laws tit. 32, § 3354d
2019-02-20 00:00:00+00
A charitable trust shall fail if:
(a) The trustor does not identify the purpose for which the trust property is set aside;
(b) the trust property or the income generated thereby may be devoted to private use. However, if the terms of the trust indicate that the trustee shall allocate the assets partly for private and partly for public use, but fail to indicate a beneficiary, the trust shall fail with respect to such section, but be valid for charitable purposes with respect to the rest.
A charitable trust shall be valid even if, under the terms thereof, it is the trustee who shall select which charities to support insofar as the trustee is fit to make such selection.
History —Aug. 31, 2012, No. 219, § 66.