charitable trust
Benevolent legal entity
A charitable trust is a legal arrangement in which assets are held and managed for the benefit of a charitable purpose rather than specific individuals.
The trust must serve purposes the law recognizes as charitable—education, relief of poverty, advancement of religion, or other community benefit.
Unlike private trusts, charitable trusts can exist indefinitely and receive favorable tax treatment: They established a charitable trust to fund scholarships for first-generation college students.
Underlying support structure
- endowmentPermanent donated fund
- beneficiaryDesignated asset receiver
- fiduciaryAgent bound by loyalty
- settlorTrust's founding party
grantor · charter · bylaws · articles of incorporation · governance · stewardship · irrevocable · revocable
Gifts to organizations
- grantmakingDistributing charitable funds
- givingTransferring to another
- benevolenceDisposition toward doing good
- altruismPrioritizing others' wellbeing
humanitarianism · generosity · philanthropist · benefactor · relief · aid · outreach · advocacy
Free from taxation
- 501(c)(3)Nonprofit tax classification
- deductibleOut-of-pocket threshold amount
- private foundationNonprofit funded by limited sources
- write-offRecorded value reduction
tax break · filing · contribution · itemization · revenue service · schedule · excise tax · annual return
foundation
Underlying support structure
- endowmentPermanent donated fund
- beneficiaryDesignated asset receiver
- fiduciaryAgent bound by loyalty
settlor · grantor · charter · bylaws · articles of incorporation · governance · stewardship · irrevocable · revocable · testamentary
donations
Gifts to organizations
- grantmakingDistributing charitable funds
- givingTransferring to another
- benevolenceDisposition toward doing good
altruism · humanitarianism · generosity · philanthropist · benefactor · relief · aid · outreach · advocacy · social good
tax-exempt
Free from taxation
- 501(c)(3)Nonprofit tax classification
- deductibleOut-of-pocket threshold amount
- private foundationNonprofit funded by limited sources
write-off · tax break · filing · contribution · itemization · revenue service · schedule · excise tax · annual return
- Ottoman landtimar, has, tapu, state land, crown land
- philanthropydonations, donate, give, giving, donor
- charitable givingdonation, donations, contribution, contributions, gift
- nonprofitsnonprofit, nonprofits, mutual aid societies, NGOs, 501(c)(3)
- estate planningexecutor, beneficiary, will, probate, estate tax
- Wealth Managementtrusts, wills, estate tax, inheritance, tax planning
charitable trustfamily trust
Legal wealth transfer structure
living trust · revocable trust · blind trust · personal estate · private foundation
charitable trustslush fund
Hidden discretionary money pool
personal enrichment · wealth hoarding · self-dealing · profiteering · greed
trust, charity, trusting, trustworthy, trusted, distrust, charitable, distrustful, trustee