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The Centre for the Arts at Mizner Park (3125 words) |
 | In a charitable remainder trust (CRT), the Centre for the Arts at Mizner Park receives the underlying property when the trust ends, while the donor or other beneficiaries (at least one of which must not be a charity) receives income from the property during the term of the trust. |
| In a charitable lead trust, the Centre for the Arts at Mizner Park receives income generated by the property during the lifetime of the trust, and a designated non-charitable beneficiary (sometimes the donor, but often an heir) receives full ownership of the property at the trust's conclusion. |
| The Centre for the Arts at Mizner Park must be released from any liability in the event that the policy would lapse due to non-payment of the premium. |
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