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 ?
get out of here Rebekah telling I'm A Celebrity pals she's famous for charity work and on fashion shoot
Jim Purcell who received a Civic Reception at Jarrow Town Hall for his charity work
I'm definitely going to do as much charity work as possible.
Luke and Pat Rutter were given The Mayor's Award for their outstanding charity work
Hany appreciated fairness and transparency introduced by the new government and said that the Finance Minister has a vision for charity work which will help global assistance to Pakistan.
Children's charities are shocked after James Caan tired to buy a baby while doing charity work in Pakistan.
Not only did Goldsberry discover an interest in charity work but, he says, he also uncovered a possible career path.
Jim Molloy, President and CEO for Advance Commercial Movers, and Anthony Parziale, Vice President of Sales, were recognized by the Commercial Industrial Brokers Society for their valuable assistance during events, fundraising and charity work put together by CIBS.
The founder of the Chernobyl Children's Project revealed how her friend was the inspiration behind her lifetime of charity work.
SINCE it was first announced that Prince Harry wished to continue his late mother's charity work, he seems suddenly to have become so like her in appearance, shooting up in height and of slender build.
Next, ask students to suppose a religious group's federally aided charity work is performed solely for members of its religion.
Under the slogan "charitable efficiency," philanthropists championed a modem, scientific approach to charity work, one which emphasized data collection, investigation, and documentation.