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 CVS Caremark Charitable Trust Inc is a private foundation created by CVS Caremark Corporation (NYSE:CVS), a prescriptions provider.
Helmsley Charitable Trust in pursuit of research excellence in the field of robotics.
The presentation was made in front of the Brimfield Town Hall to Richard Siewick, chairman of the Harding Charitable Trust Fund, and Diane M.
The Standard Life Charitable Trust is an independent charity established in 2009 by leading long term savings and investments company, Standard Life, and is focused on supporting people most in need of help managing their finances.
Bryan Patterson, from the Belfast Titanic Society and Nomadic Charitable Trust, said: "It's a very proud day for us.
What can a gift of a $45 million charitable trust do for a Museum that's already a powerhouse repository of cultural artifacts and natural specimens?
The ever popular Sir Peter O'Sullevan Charitable Trust Christmas Cards are on sale now.
Guerra, Adorno & Yoss Employees' Charitable Trust Foundation, Inc.
Charitable trust doctrine becomes a trap when the needs of the community change--which is, of course, a constant in health care.
The oil tycoon splashed out on the launch of a new charitable trust to help developing countries.
CVS believes in giving back to the communities it serves, and the work of the CVS Charitable Trust reveals the company's commitment to being a good corporate citizen.
01 The charitable trust returns, forms, and schedules (hereinafter referred to as returns) to which this revenue procedure is applicable are the following:

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