I am on a foundation for a non profit. We have a current bank ballance of about 150,000 that grows maybe at 10,000 per year average. We are saving for a building and it may take another 10 or more years to have enough money. Because banks will not enforce a 2 or 3 party signature for withdrawal policy we are thinking of moving the money into some kind of trust account. I have no idea what type of trust account I need to be looking at. Any suggestions? I would like something that needed to be notarized.
Moderator Action
Since this is asking for advice (and might involve legal issues as well) let’s move this to IMHO.
Moving thread from General Questions to In My Humble Opinion.
Go to a bank with a trust department and discuss such arrangements with them.