Charitable Trust Sample Clauses

A Charitable Trust clause establishes a legal arrangement in which assets are held and managed by a trustee for the benefit of a charitable purpose or organization. This clause typically outlines the specific charitable objectives, identifies the beneficiaries, and sets forth the trustee’s powers and duties in administering the trust. By clearly defining how assets are to be used and managed for charitable causes, the clause ensures that the donor’s intentions are honored and that the trust operates in compliance with relevant laws, thereby providing structure and accountability for charitable giving.
Charitable Trust. The term "Charitable Trust" shall mean any trust provided for in Section 3.1 of this Article V.
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Charitable Trust. (COMMERCIAL HIRERS ONLY) Pant Memorial Hall is held on strict trust with the Charity Commission for the purposes of a Village Hall. The management committee is bound to ensure that the Village Hall is administered in accordance with those trusts. Accordingly the village hall is bound to preserve and hereby reserves the right to terminate this Agreement by not less than 7 days notice in writing to the Hirer in the event of the hall being required on the same date/time for the fulfilment of its charitable purposes. In the event of such termination by the Village Hall, the Village Hall shall refund to the Hirer all monies paid by the Hirer to the village hall. The Village Hall shall not however be liable to make any further payment to the Hirer in respect of expenses, costs or losses incurred directly or indirectly by the Hirer in relation to the termination.
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Charitable Trust. The term “Charitable Trust” shall mean any trust provided for in Section 6.2.1.
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Charitable Trust. That the registered office of the trust shall be situated at ▇▇▇, ▇▇▇▇ ▇▇▇▇▇, Allahabad or to such other place or places as the trustees may decide from time to time.
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Charitable Trust. The Trust is a perpetual trust that exists for the Trust Purposes, which is a charitable purpose, and for no other purpose.
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Charitable Trust. 16.1 The Owner certifies that by [letter/order] dated [ ] FIT has confirmed that this agreement may be entered into on the terms herein. 16.2 The parties acknowledge that: (a) the Pitches are held by the Owner as trustee of the Trust in accordance with the terms of the Trust (b) the liability of the Owner under this agreement or otherwise in respect of the Trust is limited to the assets of the Trust from time to time. This agreement has been entered into on the date stated at the beginning of it. SCHEDULE INCREASE IN THRESHOLD 16.1 The Threshold shall be reviewed on each Review Date to equal £10,000 or, if greater, the indexed amount determined pursuant to this clause. 16.2 The indexed threshold for a Review Date shall be determined by multiplying the Base Threshold by the All Items index value of the RPI for the month before the month in which that Review Date falls, then dividing the product by the All Items index value of the RPI for the Base RPI Month (“the RPI Calculation”) 16.3 The RPI Calculation shall be applied to the First Tier and Second Tier at the same time as it is applied to the Threshold 16.4 If there is any change to the methods used to compile the RPI, including any change to the items from which the All Items index of the RPI is compiled, or if the reference base used to compile the RPI changes, the calculation of the indexed threshold shall be made taking into account the effect of this change.
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Charitable Trust. As defined in the preamble to this Agreement.
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Charitable Trust. Notwithstanding the foregoing, Stockholder ---------------- shall be entitled to transfer Shares, and/or Trustee certificates representing same, to a charitable foundation or charitable remainder unitrust (or similar vehicle), provided (i) the Trustees shall vote any such Class A Shares so transferred, as provided hereunder and (ii) the trustee of such charitable foundation or unitrust shall become bound hereto (by executing a like form of agreement) as an additional "Stockholder" as to any such Class B Shares.
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Charitable Trust. A charitable trust is a particular kind of trust that may be classified as non-taxable in terms of the Income Tax Act. Capital loans are made to a trust. The trust is so structured that it pays no income tax. The trustees then make donations to charities, schools, churches, etc. on your behalf and according to your wishes. Because there is no income tax applicable, you may make large donations.
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Related to Charitable Trust

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Designation of Charitable Beneficiaries By written notice to the Trustee, the Company shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Trust such that the Shares held in the Trust would not violate the restrictions set forth in Section 13.2(a) in the hands of such Charitable Beneficiary. Neither the failure of the Company to make such designation nor the failure of the Company to appoint the Trustee before its automatic transfer provided for in Section 13.2(b) shall make such transfer ineffective; provided that the Company thereafter makes such designation and appointment. The designation of a nonprofit organization as a Charitable Beneficiary shall not entitle such nonprofit organization to serve in such capacity and the Company may, in its sole discretion, designate a different nonprofit organization as the Charitable Beneficiary at any time and for any or no reason. Any determination by the Company with respect to the application of this Article XIII shall be binding on each Charitable Beneficiary.

  • Qualified Charitable Distributions If you are age 70½ or older, you may take tax-free ▇▇▇▇ ▇▇▇ distributions of up to $100,000 per year and have these distributions paid directly to certain charitable organizations. Special tax rules may apply. For further detailed information and effective dates you may obtain IRS Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at ▇▇▇.▇▇▇.▇▇▇.

  • Trust Not a Partnership This Declaration creates a trust and not a partnership. No Trustee shall have any power to bind personally either the Trust's officers or any Shareholder.

  • Custody of Partnership Funds; Bank Accounts (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine. (b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested by the General Partner in investment grade instruments (or investment companies whose portfolio consists primarily thereof), government obligations, certificates of deposit, bankers’ acceptances and municipal notes and bonds. The funds of the Partnership shall not be commingled with the funds of any other Person except for such commingling as may necessarily result from an investment in those investment companies permitted by this Section 10.2(b).