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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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.
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Mr Manning said: "We're really grateful for this donation from the racecourse to the Esh Charitable Trust and will put it good use.
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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.
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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.
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The evening was a great success and helped support the important work of the Royal Air Force Charitable Trust.
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