Sentences with phrase «charitable assets over»

This share has remained relatively unchanged over the past five years, even with the rapid growth of Community Foundations» charitable assets over the same time period.

Not exact matches

A Schwab Charitable donor - advised fund account allows investors to contribute cash or appreciated assets to a charitable account to realize the greatest possible tax benefits — and then support their favorite charities Charitable donor - advised fund account allows investors to contribute cash or appreciated assets to a charitable account to realize the greatest possible tax benefits — and then support their favorite charities charitable account to realize the greatest possible tax benefits — and then support their favorite charities over time.

Upon dissolution of the Corporation, any assets remaining after payment of or provision for its debts and liabilities shall, consistent with the purposes of the organization, be paid over to charitable organizations exempt under the provisions of Section 501 (c)(3) of the U.S. Internal Revenue Code or corresponding provisions of subsequently enacted federal law and whose purposes and objectives promote breastfeeding education and support.

Upon dissolution or winding up of said corporation's affairs, whether voluntary or involuntary, all of its assets then remaining in the hands of the board of directors shall, after paying or making provision for payment of all of said corporation's liabilities, be distributed, transferred, conveyed, delivered, and paid over only to educational, scientific, literary, or charitable organizations that are exempt from federal income tax under section 501 (c)(3) of the Internal Revenue Code of 1986, as amended, and which are not private foundations within the meaning of section 509 (a) of the Internal Revenue Code of 1986, as amended, on whatever terms and conditions and in whatever amounts the board of directors may determine, for use exclusively for educational, scientific, literary, or charitable purposes, except that no distribution shall be made to organizations testing for public safety.

An academy trust is a charitable company responsible for the running of the academy, which has control over the land and the other assets.

Does a donor also receive a charitable deduction when they roll over assets to a charity under this provision?

A charitable lead trust (CLT) designates a rate of return or income to be paid to the charity over a specified time period and is more commonly used for estate tax planning because the balance of the estate assets will pass to beneficiaries free of estate taxes upon expiration of that time period.

The EDF has assets of $ 209 million and since 2008 has had over $ 540 million from charitable foundations, plus $ 2.8 million in federal grants.