The Korea Childhood Leukemia Foundation (Chairman Shin Hee-young) announced on June 24 that it signed a ‘MOU for establishing a culture of donation through trust’ with Hana Bank .
This agreement was promoted with the aim of establishing an institutional foundation for activating legacy donations, and through this, the foundation will be able to provide Hana Bank’s testamentary trust service to sponsors who wish to make legacy donations.
'Testamentary trust' is a method of signing an asset trust contract with a financial company before death and designating the asset beneficiary after death. It has recently been gaining attention as a donation method because it has higher legal stability and enforceability than a general will. According to the agreement, Hana Bank plans to provide customized consulting and execution services through trust experts.
The foundation explained that through this agreement, it has established a system that can realize the donor's intentions more safely and quickly.
Seo Seon-won, Secretary General of the Korea Childhood Leukemia Foundation, said, “As awareness of legacy donation is gradually expanding, we are now able to carry out the wishes of donors stably through a reliable system,” and “We will continue to work to ensure that support for children with pediatric cancer can lead to hope for future generations.”
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