WORD OF THE DAY

May 19, 2024

Donee

DEFINITION

Party who receives a gift, personal property, or real property.

EXPLANATION

A donee is the party that is a beneficiary of something, typically real estate or personal property. A donee can also be entitled to receive assets through a trust. Oftentimes, the term might also be referring to a trustee that holds onto an asset on behalf of another.

A donee is any party that benefits from an agreement. In many instances, a donee may receive a gift or a donation.

A donee might also rarely refer to the party that is granted a power of attorney. They would be considered a donee because they are gifted the right to make decisions for a company or someone else.