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 ?
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.
For example, when a lawyer is requested to provide an opinion letter in support of financing or a change of legal form involving a nonprofit, the lawyer will need to look hard at whether the deal arguably involves any change in charitable trust.
Charities, particularly in the form of charitable trusts and charitable foundations, play a significant role in meeting the needs of many Americans.
so deeply involved with the administration of all charitable trusts that
Many recent charitable trust documents have used the provisions of IRC Sec.
13; and ``Charitable Trusts,'' on the more popular charitable trusts and how they can be used to provide income, avoid high capital gains tax and contribute to your favorite charities, 12:30 p.
The independent, non-partisan council was formed by CFA Institute, the global association of investment professionals that sets the standard for professional excellence and The Pew Charitable Trusts, an independent nonprofit organization that brings a rigorous, analytical approach to solving today's most challenging problems.
Microdata records of all Forms 990-PF sampled for the annual SOI study covering private foundations and Internal Revenue Code section 4947 (a)(1) charitable trusts.
Charitable trusts should not purchase an asset from a related party, including the grantor's FLP or closely held business.
Bosses of the district branch of the British Diabetic Association launched the appeal last January and an overwhelming response from local businesses and charitable trusts boosted the appeal total to Pounds 66,000 in just a year.
James Cordi, an investigator for the state Office of Charitable Trusts, also declined comment.