Sentence examples for a charitable beneficiary from inspiring English sources

Determine how you want to leave your charitable legacy (i.e., bestowing assets to charities or naming a charitable beneficiary in a will), and determine which options will meet your legacy needs.

CPA Barry C. Picker takes the position that if one fails to pay out the charity by Sept. 30 in this situation "the ability to split the account by Decc 31 will save this for the individual beneficiary". This is a gray area, though; to avoid bickering with the Internal Revenue Service, it's best to cash out a charitable beneficiary by Sept. 30.

There is a new charitable beneficiary.

Income from the trust goes to a designated charitable beneficiary, and at the end of the trust's term, the remaining principal becomes a gift to one or more heirs.

The CRT then makes a series of annual payments to a non-charitable beneficiary, usually the art collector who created the trust (or a family member) for his or her life or for a term of years.

Their charitable beneficiary is the World Wildlife Fund, but because the company is new, the 5percentt of sales that would go to the charity would be small at first.

Among the first things Kennerly did was to enlist the help of Jack and Barbara Nicklaus, by negotiating with the PGA Tour to make their Children's Health Care Foundation the principal charitable beneficiary.

Unlike a charitable remainder trust (see below), however, the charitable lead trust and its activities are fully taxable on its income and capital gains, although it may deduct amounts paid to the charitable beneficiary.

An estate with charitable beneficiaries that receives IRD will want a section 642(c) income tax charitable deduction for amounts of gross income distributed or distributable to or set aside for a charitable purpose to offset the gross income realized when the IRD is collected and reportable in gross income.

Besides the obvious benefit to the charitable beneficiaries, it is important to initiate a focus and pattern of giving that likely will continue with future generations.

So Craig took a radically different tack that may ultimately leave both him and his charitable beneficiaries better off.