A charitable gift annuity is an annuity between an individual and a government approved charity. Like other annuities, an individual pays for the annuity to the charitable organization, and the charity sets up lifetime payments to the...
taxation
charitable lead trust
Charitable lead trusts allow individuals to set-up trusts where some of the income goes to a charity, but when the trust ends, the assets do not go to the charity. The way these trusts operate is 1) the grantor sets up the trust for a...
charitable organization
A charitable organization is a nonprofit organization that seeks to advance some public benefit. Public benefit includes a broad range of areas such as education, poverty alleviation, scientific research, environment, diversity, religion, and...
charitable remainder annuity trust
Charitable remainder annuity trusts (CRAT) allow a grantor to create a trust that generates income until the beneficiary dies, then later transfers the assets to a charity. These trusts are popular for grantors because they receive tax...
charitable remainder trust
Charitable remainder trust allows a grantor to create a trust that generates revenue for a few years and then transfers the assets to a charity. These types of trusts are popular because they allow the grantor to still generate income while...
charitable remainder unitrust
Charitable remainder unitrusts (CRUT) allow grantors to create tax beneficial trusts which continue to generate income for a specific amount of time, then transfer the assets to a charity. These trusts create tax benefits by allowing the...
charitable trust
A charitable trust is a trust made for the benefit of specific charitable purposes. The purpose of the trust must fall into one of the specific purpose categories or is it not valid. Charitable trusts are favored by the law. They do not...
charitable trusts purposes
A charitable trust qualifies for certain favorable treatment under U.S. law. For example, it is not subject to the rule against perpetuities and cannot fail for a lack of definite beneficiaries. To qualify as a charitable trust, the trust...
charity
A charity is a nonprofit organization whose efforts are focused on aiding those in need. This can take several forms, which can be local or international in scope. Some raise money or provide services like food, clothing, or shelter to...
cigar
For the purposes of taxation and FDA regulation, “cigar” means “any roll of tobacco wrapped in leaf tobacco or in any substance containing tobacco” unless, “because of its appearance, the type of tobacco used in the filler, or its packaging...