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STANDARD ADMINISTRATIVE ARRANGEMENT FOR MULTIDONOR TRUST FUNDS AND JOINT PROGRAMMES1 USING PASSTHROUGH FUND MANAGEMENT2STANDARD ADMINISTRATIVE ARRANGEMENTBETWEEN[NAME OF DONOR],AND[NAME OF THE ADMINISTRATIVE
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Modalities of trust fund refer to the specific procedures and requirements that govern the management and operation of a trust fund, including how funds are allocated, disbursed, and reported.
Typically, the trustee or any entity responsible for managing the trust fund is required to file modalities of trust fund.
To fill out modalities of trust fund, one generally needs to obtain the appropriate form, provide detailed information about the trust, including its purpose, beneficiaries, and financial details, and submit it according to the issuing authority's instructions.
The purpose of modalities of trust fund is to ensure transparency, accountability, and proper governance of the funds held in trust, thereby safeguarding the interests of beneficiaries.
Information that typically must be reported includes the trust’s name, objectives, beneficiaries, financial statements, and details of transactions.
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