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 ?
The Blair Charity Group is headed by former Arizona Wildcat mens basketball star and current president of the University of Arizona's athletic alumni association Joseph Blair.
The Justice and Charity group has decided to boycott the new constitution.
According to the Guardian, the charity group, Karma Nirvana, advises people who ring its helpline to hide a spoon in order to set off metal detectors at British airports and the group said that its recommendation has indeed prevented some women from being spirited overseas.
Khawla Al Hindasi, who is also a member in Al Amal Charity Group, pointed out that students are very much interested in volunteering.
Last night Jo Curry, chief executive of North East charity group VONNE, said: "Earlier this year Virgin Money were quoted as saying the work of the Northern Rock Foundation to support good causes is "significant" and that "any buyer needs to ensure that work continues".
A NEW Tyneside charity group will hold a picnic tomorrow.
A donation of pounds 1,000 was also made to local charity group Granby Toxteth Activity Club as the store was opened by the Lord Mayor of Liverpool Cllr Hazel Williams.
A BIRMINGHAM MP has thrown his support behind a charity group fighting to reduce the devastation caused by domestic violence.
Is it a coincidence that a confrontation between the Moroccan authorities and the banned Justice and Charity Group erupted at the beginning of the summer?
The craft is being built by the Torrington Cavaliers charity group, whose chairman, Chris Stacey, said, 'We are desperately short of rope.
The bikes will be shipped by charity group Re-Cycle, which has already sent thousands of them to developing countries.
IAM chairman of The Monday Night Group, a registered charity group that has performed pantomime in Stourport on Severn each year for the past 32.