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 ?
Allowing employees to volunteer for charity work also keeps them busy and motivated if times are a bit quiet for your business whilst also drawing an association between the company brand and a charity.
No small distinction, to be sure, but Lansing was equally known for her charity work, making her a natural to receive the motion picture academy's Jean Hersholt Humanitarian Award.
Goldsberry, who discovered his love of charity work after organizing a pair of benefit golf tournaments, is being honored for his contributions.
Jim Molloy, President and CEO for Advance Commercial Movers, and Anthony Parziale, Vice President of Sales, were recognized by the Commercial Industrial Brokers Society for their valuable assistance during events, fundraising and charity work put together by CIBS.
The founder of the Chernobyl Children's Project revealed how her friend was the inspiration behind her lifetime of charity work.
SINCE it was first announced that Prince Harry wished to continue his late mother's charity work, he seems suddenly to have become so like her in appearance, shooting up in height and of slender build.
Next, ask students to suppose a religious group's federally aided charity work is performed solely for members of its religion.
Under the slogan "charitable efficiency," philanthropists championed a modem, scientific approach to charity work, one which emphasized data collection, investigation, and documentation.
He has become a real character through his charity work and is now so laid-back that at Nigel's he came into the marquee in front of 150 people and didn't turn a hair.
This new position celebrates a career of excellence in community service and charity work and allows Mrs.
Addressing the inaugural session, the minister stressed the importance of promoting charity work excellence, exploring innovative solutions and mustering all efforts, resources and ideas to overcome challenges.
KUWAIT, Aug 30 (KUNA) -- The Foreign Ministry on Sunday reiterated the importance of the electronic system on Kuwait's humanitarian and charity work whose first stage was launched on Thursday.