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 ?
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.
charitable trust to discriminate on the basis of sex.
Earlier on, Kgosi Mothusi Tsetse of Otse thanked Lady Khama Charitable Trust for their effort in helping Camphill Community Trust.
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.
"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."
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.
Helmsley Charitable Trust announced the appointment of Sarah E.
"In the course of operational reviews, Raymond James determined that in certain qualified plan and charitable trust accounts, some clients did not receive all fee waivers for which they were eligible based on investment company-specific offerings as detailed in their prospectuses," it said in a statement.
A charitable trust has been set up in Madhya Pradesh.
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.
The evening was a great success and helped support the important work of the Royal Air Force Charitable Trust.

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