Encouraging Legacy Donation Trusts and Planned Giving... ShinYoung Securities Partners with Keimyung University Dongsan Hospital

Discovering Planned Donors and Encouraging Legacy Donations

From the left, Kim Dae-il, Head of WM Division at Shin Young Securities, and Hwang Jae-seok, Director of Keimyung University Dongsan Hospital (Provided by Shin Young Securities)

[Asia Economy Reporter Minwoo Lee] Shin Young Securities has partnered with Keimyung University Dongsan Hospital to promote the culture of legacy donation trusts and planned giving.

Shin Young Securities announced on the 6th that it had signed such a business agreement with Keimyung University Dongsan Hospital.

Through this agreement, both parties plan to discover and connect planned donors, operate legacy donation trust programs, and engage in promotional activities targeting the public.

Planned giving is a method of designing donation plans in detail according to the donor's intentions. A legacy donation trust is a representative means to implement planned giving, where the trustor, through consultations with experts such as lawyers and tax accountants, maintains control over the donated assets while establishing and executing an asset succession plan.

Kim Dae-il, Head of WM Division at Shin Young Securities, said, "A legacy donation trust is an effective tool to firmly uphold the donor's intentions," adding, "We expect this agreement to expand donated assets including real estate and serve as an opportunity to spread the culture of donation through legacy donation trusts in Korea."

Hwang Jae-seok, Director of Keimyung University Dongsan Hospital, said, "Although everyone is facing difficulties due to COVID-19, donations and sharing continue to increase," and added, "Keimyung University Dongsan Hospital will continue to strive to spread a warm culture of giving."

This content was produced with the assistance of AI translation services.