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 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.
The Justice and Charity group has decided to boycott the new constitution.
The Charity Group has secured $150 million in commitments from food and beverage advertisers for their brands.
Hernando Cortez's charity group, Dancers Responding to AIDS, keeps vaulting for a good cause after nine years
The event took place at the Defence Evaluation and Research Agency, at Boscombe Down, Wiltshire, and the former traffic policeman's heroics raised money for St Dunstan's, a charity group.
Hosted by Children Uniting Nations, a Los Angeles-based charity group, the dream day for foster kids is sponsored by Arden Realty, American Express, Paul Goldenberg - Paul's TV, The Ziegler Family Trust, The Gap, Bloomingdale's, Dreyer's Ice Cream, and Toys 'R' Us.
The Brothers of Charity Group announced it would allow euthanasia on its premises in a nine-page document in March, about a year after a private Catholic rest home in Diest, Belgium, was fined $6,600 for refusing the euthanasia of a 74-year-old woman suffering from lung cancer.
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.
com The distribution of food was conducted along with the Nidaa al Khairi charity group.
Friends of Brunton'- a charity group made up of parents, grandparents, carers and friends of the school's children, are organising a day of fun which will feature a tombola, hula hoop competition, an emergency services visit with fire engines and police cars, as well as children's crafts and face painting as well as a Pimms tent.
Lions MMA charity group WE would like to clarify that Lions MMA, a Huddersfield charity group honoured by the Duke of York, have no connection with the Warrenside sports complex at Bradley.
Since then, Emma's daughter Isabelle Williams, nine, has been raising money for the charity Group B Strep Support, which wants to see every pregnant woman in the UK given accurate information about group B Streptococcus (GBS) as a routine part of antenatal care.