Donee

A donee is a person or entity that receives a gift or donation, typically without any expectation of receiving something in return. The term is often used in legal and financial contexts, particularly regarding the transfer of property, funds, or assets. When someone donates to a charity, for example, the charity is the donee. This concept is important in understanding gift taxes and legal obligations concerning gifted assets, as the donee may have certain rights or responsibilities depending on the nature of the gift and the applicable laws.