Charitable Trust

(redirected from Charity work)
Also found in: Dictionary, Thesaurus, Legal.

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 ?
Saar Charity Fund chairman Salah Alawi Salman, addressing the opening session, stressed the importance of bolstering community partnership to support charity work.
I'm relatively well known for being married to Jamie, but also now people recognise me for all the charity work I do rebekah DURING HER TIME IN THE I'M A CELEBRITY JUNGLE
British comedian and author Tony Hawks was also recognised during the investiture ceremony and was awarded an MBE for his charity work in Moldova.
He added that he was focused on charity work but "if someone slips into my life that's absolutely fantastic".
He said: "It's not something you do to be recognised, the charity work, so to be recognised when there are so many incredible people out there is just a real honour.
He said the idea was to thank Jim, who carried the Olympic flame through Wallsend in 2012, for all of his "tremendous charity work for local worthy causes".
He said the idea was to thank Jim, who also carried the Olympic flame through Wallsend in 2012, on behalf of the whole of South Tyneside for all of his "tremendous charity work for local worthy causes".
A BEAUTY queen has vowed to keep up with charity work after hanging up her crown.
I WAS lucky enough to see Pat and Luke Rutter being honoured as their work was recognised and they were awarded The Mayor's Award for their many years of charity work.
The Labour MP has focused on charity work and his role as United Nations special envoy for global education since his resignation as prime minister in 2010.
Summary: Children's charities are shocked after James Caan tired to by a baby while doing charity work in Pakistan.
The charity work for Amran displaced will continue for three days and will include the total camp population of 5000 people.