Charitable Trust

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Charitable Trust

An irrevocable trust into which the grantor deposits assets, with at least some of the proceeds going to a charity. There are two types of charitable trusts. In a charitable lead trust, the income from the investment of the assets in the trust goes to a designated charity for a certain period of time. After that time expires, the remainder of the assets and income are given to the trust's beneficiaries. In a charitable remainder trust, the income from the assets goes to the beneficiaries for a certain period of time, after which the assets themselves are donated to charity. In the United States, both types of charitable trust receive favorable treatment for estate tax purposes.
References in periodicals archive ?
Charitable Trust Services is paired with the Schwab Charitable Fund(TM), a leading national donor-advised fund, under the newly-named Schwab Charitable, making it easier for individual donors to strategically and conveniently set up philanthropic accounts that provide significant income, capital gains and estate tax benefits.
Nonexempt charitable trusts that are not publicly supported are subject to the excise tax provisions that apply to private foundations and are required to file Form 990-PF.
However, in the case of the charitable trust which you have mentioned, there is a dispute regarding ownership of the shares which are bequeathed by the deceased.
The trick is to recognize when an action (which may be as simple as providing a note or a guaranty to finance a project) might be seen by the state as constituting a change to the charitable trust.
Mr Gupwell is a trustee of a number of family and charitable trusts and will continue to act in this capacity for the foreseeable future.
Many recent charitable trust documents have used the provisions of IRC Sec.
Bosses of the district branch of the British Diabetic Association launched the appeal last January and an overwhelming response from local businesses and charitable trusts boosted the appeal total to Pounds 66,000 in just a year.
13; and ``Charitable Trusts,'' on the more popular charitable trusts and how they can be used to provide income, avoid high capital gains tax and contribute to your favorite charities, 12:30 p.
Rimel, President and Chief Executive Officer of The Pew Charitable Trusts, has joined the CardioNet Board of Directors and will serve on its Compensation Committee.
4, 2013 /PRNewswire-USNewswire/ -- Erik Olson, director of food programs at The Pew Charitable Trusts, issued the following statement on today's release of major draft regulations to implement the FDA Food Safety Modernization Act (FSMA), which President Barack Obama signed two years ago on Jan.
Microdata records of all Forms 990-PF sampled for the annual SOI study covering private foundations and Internal Revenue Code section 4947 (a)(1) charitable trusts.
Charitable trusts should not purchase an asset from a related party, including the grantor's FLP or closely held business.