charitable beneficiaries definition
charitable beneficiaries means one or more charities,
charitable beneficiaries means one or more beneficiaries of a trust provided that each such organization must be described in Section 501 of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
charitable beneficiaries means one or more charities, contributions to which are allowable as a deduction pursuant to section 170 of the federal internal revenue code that are designated as beneficiaries of a fidfin trust;
Examples of charitable beneficiaries in a sentence
Upon any purported Transfer or other event described in Section 13.2(b) that would result in a transfer of Shares to a Trust, such Shares shall be deemed to have been transferred to the Trustee as trustee of a Trust for the exclusive benefit of one or more Charitable Beneficiaries.
If any of the restrictions on transfer or ownership as set forth in (i) through (iii) above are violated, the Shares in excess or in violation of the above limitations will be automatically transferred to a Trustee of a Trust for the benefit of one or more Charitable Beneficiaries.
More Definitions of charitable beneficiaries
charitable beneficiaries means one or more charities, contributions to which are allowable as a deduction pursuant to section
charitable beneficiaries means any organization which is registered as a charity under the laws of Bermuda and operated exclusively for religious, charitable, scientific, literary, educational or similar purposes that is a “qualified shareholder” (as defined in the United States Treasury Regulation Section 1.883-4(b)), that is selected by the Trustees from the list of such organizations that are identified in writing by the Board from time to time;
charitable beneficiaries means the beneficiaries of the Trust as determined pursuant to paragraph (5) of Section D of this Article FOURTH.
charitable beneficiaries has the meaning set forth in Section ------------------------ 2.1(c).