Method of selected directed giving to an agent within a host effort
OwnerByron-Eric Martinezinventor
Life of this patent
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Abstract
General system 10 manages selected giving from a donor 12 for directly funding a licensed or certified individual agent 14 functioning within a host effort The host effort may be a traditional institution such as a school or hospital or church with teachers and doctors and priests on staff. The method of management involves maintaining a directed giving account at financial institution 16, and issuing a trust instrument by which the agent makes disbursements. Funding contributed from the donor are credited to the account, and charges from vendors for disbursements are debited against the account. The financial institution accounts for all transactions and terminates the account and the underlying trust instrument under predetermined conditions.
Claims45
1) A method of managing selected giving from a donor for directly funding an individual agent functioning within a host effort, for furthering the goals of the host effort, comprising the steps of:
- maintaining a directed giving account at a financial institution with a balance available for funding the agent;
- crediting funding contributed from the donor to the account;
- issuing a trust instrument through which the agent makes disbursements to vendors in furtherance of the goals of the host effort;
- debiting charges from vendors for disbursements made by the agent against the account;
- accounting to the donor by the financial institution, reporting each charge by amount of the disbursement and subject matter of the disbursement;
- and
- terminating the account and the trust instrument under predetermined conditions.
45) A computer readable medium containing a computer program that manages selected giving from a donor for directly funding a licensed or certified individual agent functioning within a host effort for furthering the goals of the host effort, by directing a computer to execute the steps of:
- maintaining a directed giving account at a financial institution with a balance available for funding the agent;
- crediting funding contributed from the donor to the account;
- issuing a trust instrument by which the agent makes disbursements in furtherance of the goals of the host effort, subject to suspension or loss of license or certification in the event of misuse of the trust instrument;
- debiting charges from vendors for disbursements made by the agent against the account;
- accounting by the financial institution reporting each charge by amount of the disbursement and subject matter of the disbursement;
- and
- terminating the account and the trust instrument under predetermined conditions.
Dependencies are inferred from the claim text.