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.

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References in periodicals archive

Regarding the duty of care, the trustees have the duty to manage properly the assets of a charitable trust. (45) Moreover, if the trustee has a specialized skill, he must use that skill.

The Hershey Trust's quest to diversify: redefining the state Attorney General's role when charitable trusts wish to diversify

charitable trust to discriminate on the basis of sex.

Race and sex discrimination in charitable trusts

Earlier on, Kgosi Mothusi Tsetse of Otse thanked Lady Khama Charitable Trust for their effort in helping Camphill Community Trust.

Lady Khama Trust assists Camphill

As well as individuals, WPH Charitable Trust provides funding for groups and organisations which work to prevent, relieve and cure sickness in Coventry and Warwickshire.

Stairlift is perfect gift for Bert, 73

"Now we must get on and lay the foundations for a 10-year plan that will nurture and develop the charitable trust that will guide our parks and allotments for future generations."

Woodland burial plots could be sold in parks

Mr Manning said: "We're really grateful for this donation from the racecourse to the Esh Charitable Trust and will put it good use.

Northumberland Plate Festival: Racegoers dress to kill as they enjoy the beer festival; An evening card of seven races and a first beer festival entertained crowds at day two of the Northumberland Plate Festival

Sense chief executive Gillian Morbey said: "We're delighted to receive this generous grant from the Edward Cadbury Charitable Trust and work in partnership with them on this project.

Trust gets PS250,000 grant to help build pioneering senses centre

Helmsley Charitable Trust announced the appointment of Sarah E.

Helmsley Charitable Trust appoints Sarah Paul as new general counsel

A charitable trust has been set up in Madhya Pradesh.

Retention money paid is not taxable

CARDIFF Hoteliers' Association has presented the Welsh Rugby Charitable Trust with a cheque for PS2,000 to go towards its work with injured rugby players.

Hoteliers donate PS2,000 towards charity for injured rugby players

The evening was a great success and helped support the important work of the Royal Air Force Charitable Trust.

Dambusters night was great success; VIEWPOINT