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Topic: Charitable trust


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In the News (Mon 24 Jun 19)

  
  Charitable trust - Wikipedia, the free encyclopedia
Furthermore, charitable trusts come under the doctrine of cy pres, which holds that if the charity designated in the trust ceases to exist or otherwise becomes unable to carry out the purpose of the trust, then the trust property can be transferred to another charity with a similar purpose.
Charitable trusts are usually non-profit organisations or registered with the government of a country.
Charitable Remainder Trusts are so named because the remainder of the assets in the trust passes to a designated charity at the death of the grantor or one or more beneficiaries.
en.wikipedia.org /wiki/Charitable_trust   (1154 words)

  
 Encyclopedia: Charitable trust
The law of trusts and estates is generally considered the body of law which governs the management of personal affairs and the disposition of property of an individual in anticipation and the event of such persons incapacity or death, also known as the law of successions in civil law.
A spendthrift trust is a trust that is created for the benefit of a person who is in debt (often because they are unable to control their spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit...
A charitable lead annuity trust is a custom designed and individually managed trust that enables you to give a fixed annual amount to charity for either a fixed term of years or the life of one or more individuals.
www.nationmaster.com /encyclopedia/Charitable-trust   (1881 words)

  
 Info and facts on 'Charitable trust'   (Site not responding. Last check: 2007-10-07)
A charitable trust is a trust (Something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)) organized to serve private or public charitable purposes.
Charitable trust (Something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)) s are usually non-profit organisation (additional info and facts about non-profit organisation) s or registered with the government (The organization that is the governing authority of a political unit) of a country.
The most charitable province is Newfoundland (An island in the north Atlantic), which has the highest rate of individual donations per capita.
www.absoluteastronomy.com /encyclopedia/c/ch/charitable_trust.htm   (1104 words)

  
 Charitable Remainder Trust   (Site not responding. Last check: 2007-10-07)
Following the death of the beneficiaries, or at the conclusion of the term of years specified by you in the trust, the trust property goes to the charity(ies) or foundation(s) you named.
The annual payment must be 5 percent or more of the initial value of assets in the trust, and it continues for the life of all income recipients, or for a specific term of years (not to exceed twenty).
Alternatively, if John donates the stock to a charitable remainder unitrust with a 5 percent payout for his life, they would receive a tax deduction of $40,857, which would reduce their taxes by $14,709 in the year they create the trust.
www.pulmonaryfibrosis.org /trust.htm   (1650 words)

  
 Charitable Trusts Unit - NHDOJ
The Division of Charitable Trusts is a unit of the New Hampshire Department of Justice.
The Attorney General, through the Director of Charitable Trusts, exercises all the common law and statutory rights, duties and powers of the attorney general in connection with the supervision, administration, and enforcement of charitable trusts, charitable solicitations, and charitable sales promotions under New Hampshire RSA 7:19 through 7:32-I.
All charitable non-profit organizations, with the exception of churches, are required to register with and report to the Attorney General under NH RSA chapter 7:28 I and II.
doj.nh.gov /charitable   (431 words)

  
 Charitable Lead Trust   (Site not responding. Last check: 2007-10-07)
A lead trust is a vehicle for transferring substantial assets to your children or others with the possibility of gift or estate tax savings by permitting the income from those assets to go to a charitable institution like Forest Hill for a fixed period of time.
At present a person may be able to ultimately transfer over $1 million to family members through a charitable lead trust with no payment of gift or estate taxes through use of a combination of the charitable deduction and the applicable exclusion amount.
Among your choices are a corporate trustee, a private trustee, such as a trusted family friend or associate, or, in certain cases, a family member.
www.foresthill.org /CharLeadTrust.htm   (506 words)

  
 National Multiple Sclerosis Society - Article Detail   (Site not responding. Last check: 2007-10-07)
Each payment is treated first as ordinary income to the extent of the trust's ordinary income; second, as capital gains to the extent of the trust's capital gains; third, as tax-exempt income to the extent of the trust's tax-exempt income; and last, as a tax-free return of principal.
But the trust instrument may not require that other kinds of transferred property be converted into tax-exempt securities or that only tax-exempt investments may be made by the trust.
A charitable remainder trust must have a payout rate limited to a maximum of 50 percent, and it must have a charitable remainder value of at least 10 percent of the value contributed to the trust.
www.wpg.cc /stl/CDA/articleDetail/1,1001,248-423,00.html   (1966 words)

  
 Kennedy Center Charitable Estate Planning: Charitable Lead Trust
The Charitable Lead Trust comes in two versions, Unitrust and Annuity Trust, and has been used by philanthropists for years as a way of passing along large portions of their estates to heirs without significant erosion of assets due to gift and estate taxes.
If you are having the trust assets come back to you when the trust ends, you are entitled to an income tax charitable deduction when the trust is established.
Charitable Lead Trusts can be established during one's lifetime, or can take effect at one's death as part of the testamentary estate plan.
www.kennedy-center.org /support/plannedgiving/charit_lead_trust.html   (430 words)

  
 Tax Management Memorandum   (Site not responding. Last check: 2007-10-07)
A charitable lead annuity trust is a split interest trust that provides for the payment of a specified sum each year to one or more charitable lead beneficiaries.
When a separate trust terminates, the trustees are directed to pay the remaining trust assets to any one or more the beneficiaries of such trust in such shares as the trustees deem advisable.
Additionally, a trust is considered a skip person if there is no person holding an interest in the trust and at no time after the transfer may a distribution, including a distribution made on termination, be made from the trust to a non-skip person.
www.oshins.com /tax%20management%209.14.01.htm   (4249 words)

  
 CHARITABLE LEAD TRUST
The remainder interest, after payment of the charitable lead amount, is distributed to the noncharitable beneficiary or beneficiaries, which may include the donor, donor’s estate, children, grandchildren or other trust or trusts for children or grandchildren.
The charitable lead trust may be established as an inter vivos trust (during life) or as a testamentary trust (at death).
If the trust is a testamentary trust, then the obligation to pay the guaranteed payment may commence with the Grantor’s death, but may be deferred from the Grantor’s death until the end of the year when the funding of the charitable trust occurs.
www.trustsandestates.net /Guest_Folder/BourlandCLTs.htm   (5028 words)

  
 JMP Charitable Management Services
JMP Charitable Management Services is a boutique literature and services firm specializing in planning major gifts and the administration of charitable remainder trusts (CRTs).
JMP Charitable Management Services tailors its literature and services packages to the unique needs of professionals in the specialized areas of charitable planning.
Our basic rate structure for CRT administration (if the trust has no income limitation) is $375 +.3% for the first $1 million,.2% for the 2nd million, and.1% thereafter, subject to a $1,200 annual minimum and $325 set up fee.
www.jmpcms.com   (538 words)

  
 The Comprehensive Glossary of Planned Giving Terms   (Site not responding. Last check: 2007-10-07)
CHARITABLE TRUST A trust in which all interests (or rights), income interests as well as remainder interests, are devoted to nonprofits.
The rule applies to charitable lead trusts during the time the trusts are supposed to make payments to the nonprofit recipients if the present value of the recipients' rights equals or exceeds 60% of the value of the donated assets.
Example: TR creates and funds a trust during her life and stipulates in the trust agreement that the trust is irrevocable and cannot be revoked, amended, or modified.
www.premieradministration.com /glossary.htm   (8597 words)

  
 Lawsuit Protection With A Charitable Trust
Those who make their living helping taxpayers to establish and administer the charitable trust are the most vocal in arguing that this device is not a tax dodge or tax "loophole".
When you contribute property to a charitable remainder trust, you are entitled to deduct the "present value of the future remainder interest" on your tax return in the year of the donation.
Many charitable planning advisors would say that the satisfaction of making a substantial contribution to a favored church, school or other charity should be the primary motive for making contributions to a charitable trust.
www.rpifs.com /ap9408.htm   (3596 words)

  
 Charitable Trust
The Eaga Charitable Trust (Eaga-CT) was founded by Eaga Partnership Ltd (EPL) in 1993.
The Eaga Partnership Charitable Trust has now succeeded the Eaga-CT. EPL has already donated £1.55 million to the new Trust for investment purposes, in addition to providing further support to the Trust in the form of Gift Aid donations.
The Trust' s Chair is Dr Joanne Wade and the Trust Manager is Dr Naomi Brown.
www.eaga.co.uk /Charitable/index.html   (204 words)

  
 Eshraghieh and Mahmoud Rabbani Charitable Trust
he Eshraghieh and Mahmoud Rabbani Charitable Trust is a nonprofit, tax-exempt public charity established to raise and disburse funds for charitable, religious, literary and educational purposes to promote the spiritual and social well being of the whole of humanity.
While the Rabbani Charitable Trust is still in a relatively early development stage, it has become best known for its initiatives in the field of Bahá'í-related social and economic development.
The Trust provided key support, early in their development stages, to Mottahedeh Development Services, the social and economic development arm of the National Spiritual Assembly of the Bahá'ís of the United States and the Magdalene Carney Bahá'í Institute, a Regional Training Institute, in Florida.
www.rabbanitrust.org   (184 words)

  
 Charitable organisation for scholarships & education in Uganda
Charitable organisation for scholarships and education in Uganda
is a charitable organisation based in the United Kingdom and Uganda, providing educational scholarships and grants to Ugandan students and also 'on the ground' sustainable agriculture training to farmers in Uganda.
Uganda, located in the heart of East Africa, is emerging from a troubled past to become a strong African nation, but poverty is still the reality for very many people.
www.kulika.org   (342 words)

  
 Conchra Charitable Trust - Eilean Donan Castle Scotland
The Trust's income is derived from entrance charges and associated visitor proceeds and from donations to the charity.
The Trust was established in 1983 and the Trustees have personal and family connections with the Castle and the area.
Over recent years the Trust has implemented a programme of substantial improvements and developments, which it is hoped enable visitors to gain a richer experience in a beautiful setting of outstanding importance to the local area and the national heritage.
www.eileandonancastle.com /trust.htm   (446 words)

  
 ANGLIAN WATER TRUST FUND __ Exists for the relief of those persons who are in condition of need, poverty, hardship or ...
ANGLIAN WATER TRUST FUND __ Exists for the relief of those persons who are in condition of need, poverty, hardship or distress and aims to make a significant and sustainable improvement to quality of life throughout the Anglian Water region.
is an independent charitable Trust established in 1996 which aims to contribute to fight against poverty within the Anglian Water region.
The trust is also funding voluntary sector organization to provide money advice services and money management education projects.
www.awtf.org.uk   (143 words)

  
 About Abbey | Charitable Trust   (Site not responding. Last check: 2007-10-07)
Abbey's Charitable Trust was set up in 1990 to provide a focus for our activities with the voluntary sector.
The Trust is funded partly from annual grants from Abbey and partly from income from endowment funds given by the company to the Trust.
If you have not heard from the Trust after 8 weeks then you should assume that you have been unsuccessful.
www.abbeynational.com /home/comm_inv/comm_inv-trust.htm   (609 words)

  
 Charitable Remainder and Charitable Lead Trusts
While a CRT is an irrevocable trust, you and your spouse may change the charitable beneficiaries at any time.
Since CRTs have a charitable intent and do not have to pay capital gains, the full value of any assets transfers to the trust (and thus, to your family and favorite charity).
Charitable Remainder Trusts and Charitable Lead Trusts are NOT for everyone.
www.savewealth.com /planning/estate/charitabletrusts   (1074 words)

  
 Disabled American Veterans (DAV) - Charitable Service Trust (CST) Section Home Page
The DAV Charitable Service Trust is key factor in helping the DAV national organization develop resources to meet the needs of America’s disabled veterans and their families.
The Trust is dedicated to one, single purpose: building better lives for our nation’s disabled veterans and their families.
The DAV Charitable Service Trust is a not-for-profit organization incorporated in the District of Columbia.
www.dav.org /cst   (454 words)

  
 The Tubney Charitable Trust - home page
The Tubney Charitable Trust is a grant-making charity.
In accordance with the wishes of the founders, the Charity has a limited life and is gradually spending down its endowment over an expected eight to ten year period.
Given the Trust’s short lifespan, the Charity seeks to support sustainable, high-quality projects that deliver a long-term impact.
www.tubney.org.uk   (162 words)

  
 The Kate B. Reynolds Charitable Trust
The Kate B. Reynolds Charitable Trust, established in 1947 under the will of Mrs.
Please call the Trust office and speak with a program staff member before you submit an application.
© Copyright 2001, The Kate B. Reynolds Charitable Trust
www.kbr.org   (127 words)

  
 Rotorua Energy Charitable Trust   (Site not responding. Last check: 2007-10-07)
The Trust is governed by a six member Board of Trustees, who are elected every three years by those people who are eligible to vote and who reside in the Rotorua District.
The Trust has supported hundreds of local organisations and groups over the last 10 years contributing more than $51 million to the Rotorua community.
The Trust is firmly committed to supporting education in the Rotorua District, having invested more than $3 million in the continuing education of young people in the Rotorua District over the past 10 years.
www.rotoruatrust.org.nz   (227 words)

  
 Community Affairs: Charitable Giving - Northern Trust   (Site not responding. Last check: 2007-10-07)
Since its founding in 1889, Northern Trust has advanced a culture of caring and a commitment to invest in the communities we serve.
To advance this mission, The Northern Trust Company Charitable Trust was established in September 1966 to support nonprofit organizations in Cook County.
The Trust’s primary focus is to reach out to people in the Chicago area who are in need or who face obstacles that impede their full participation in society.
www.northerntrust.com /aboutus/community/charitable   (237 words)

  
 William Adlington Cadbury Charitable Trust   (Site not responding. Last check: 2007-10-07)
Welcome to the William Adlington Cadbury Charitable Trust which was founded in 1923 by William Cadbury to further his charitable activities.
William Cadbury established the Trust soon after his two years as Lord Mayor of Birmingham from 1919 to 1921, wishing to give more help to the causes in which he was interested.
As time went on, members of his family were brought in as trustees and this practice has continued with representatives of the next two generations becoming trustees in their turn, so that all the present trustees are his direct descendants.
www.wa-cadbury.org.uk   (256 words)

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