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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References in periodicals archive ?
The Blair Charity Group is headed by former Arizona Wildcat mens basketball star and current president of the University of Arizona's athletic alumni association Joseph Blair.
What is interesting is that the leader of the Islamic party, Abdel Ilah Benkiran, is the one who had asked the Justice and Charity group to make a choice between legitimate political work or proceeding with the confrontation.
Taking different parts of some of the most popular reality television shows today, Scott Talbot wants to save the world "one fabulous party at a time." The founder of New York-based The Charity Group, is looking for nonprofits to participate in America's Greatest Challenge: The Dream Team, a reality show that combines parts of other reality shows, like Extreme Makeover: Home Edition, Iron Chef and Top Chef.
The university-based charity group Marrow and The Anthony Nolan Trust are hosting a battle of the bands at Glasgow's King Tut's on January 29 to help get students on the Bone Marrow Register.
The mock-up of the Victory was built by the Torrington Cavaliers charity group in north Devon, and will be torched on August 27 in front of thousands of people.
A spokesperson for the charity group the Niue Internet Users Society said that the country is the first to implement a free wi-fi link that can be used by all of the nation's 2,000 residents as well as tourists and business travellers.
Hoping to raise as much money as possible for British charity group Sense, which aids the deaf and blind, charity spokesman Paul Amadi said that the bid had "exceeded all our expectations".
The top TV show - hosted by Eamonn Holmes - is to give the entire proceeds of its annual fund-raising drive to charity group Pets As Therapy (PAT).
Hernando Cortez's charity group, Dancers Responding to AIDS, keeps vaulting for a good cause after nine years
The event took place at Boscombe Down, Wiltshire, and the former traffic policeman's heroics raised money for St Dunstan's, a charity group.
Brothers who are board members of the Brothers of Charity Group also face sanctions unless they each sign a letter to their superior general expressing support for the church teaching that life must be "respected and protected in absolute terms" from conception until natural death.
A TEESSIDE charity group that aims to fulfil the dreams of underprivileged kids is to host a fundraising night Boro Real Fans Believe in Dreams will hold the charity event at the Thornaby Sports and Leisure Club next Friday, to raise money for disabled and underprivileged children.