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.
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"In addition, the Board found that the residency of the Numeraries at the subject property was not a mere convenience, but served to facilitate Cedar Wood's charitable purposes. The Board found that Cedar Wood occupied the subject property in furtherance of its charitable purpose of carrying out the mission of Opus Dei by promoting the practice of Christian values in daily work and life.
(20) The preamble to the statute listed many charitable purposes common at the time, (21) but the statute did not on its face limit charitable purposes to those enumerated in the preamble.
Recognizing the value of attracting both charitable and private investor dollars, Lang created the L3C as a kind of "hybrid" entity that could further a charitable purpose while still being a for-profit entity.
Not permissible A reliable source at the department of associations and communities' clubs at the Ministry of Social Development explained that it is not permissible for any party or organisation to cite any objective for raising money from the public for charitable purposes without first obtaining a licence from authorities at the Ministry of Social Development.
Whipple also is chairman of the Ross Foundation of Arkadelphia, which manages about 63,000 acres of timberland for conservation as well as charitable purposes in the Clark County area.
By helping preserve the working landscape without reducing the land's conservation value, neutral-impact amendments actually serve the charitable purposes of land trusts.
TUNIS(TAP) - Two bills on the creation of a Zakat (alms) fund and a Waqf institution (donating a building, plot of land or even cash for Muslim religious or charitable purposes) were discussed Friday at a Cabinet meeting.
In this revised edition of Big Gifts for Small Groups (2004), a consultant who teaches people how to raise money for charitable purposes debunks myths about, and offers tips for, effective fundraising for nonprofits.
People tend to view major sports teams as organizations that guarantee the collected money is used for charitable purposes and public benefits.
The glamorous event which will be hosted by former Bollywood actor Tania Zaetta will be held at city nightclub CQ on 26th August and the money raised will be used for charitable purposes. (ANI)
Head of licensing Paul Shone told Cardiff councillors in his report: "It is the duty of the authority to ensure the probity of organisations wishing to collect money for charitable purposes to ensure the public have confidence in charitable giving.
Hunter Hall International Limited donates five per cent of its pre-tax profits to charities or charitable purposes that support social, environmental or humanitarian causes.

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