Charitable interest definition

Charitable interest means an interest in a trust that:
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Charitable interest means an interest in a trust which:
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Charitable interest means an interest in a trust that (i) is held by an identified charitable
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More Definitions of Charitable interest

Charitable interest means an interest in a trust that (i) is held by an identified charitable organization and makes the organization a qualified beneficiary; (ii) benefits only charitable organizations and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary; or (iii) is held solely for charitable purposes and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary.
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Charitable interest means an interest in a trust that (i) is held by an identified charitable 618 organization and makes the organization a qualified beneficiary; (ii) benefits only charitable 619 organizations and, if the interest were held by an identified charitable organization, would make the 620 organization a qualified beneficiary; or (iii) is held solely for charitable purposes and, if the interest 621 were held by an identified charitable organization, would make the organization a qualified beneficiary. 622 "Charitable organization" means (i) a person, other than an individual, organized and operated 623 exclusively for charitable purposes or (ii) a government or governmental subdivision, agency, or 624 instrumentality, to the extent that it holds funds exclusively for a charitable purpose.
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Charitable interest means an interest in a trust that meets one of the following conditions:
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Related to Charitable interest

  • Charitable trust means any trust provided for in Section 8.2(a)(ii) and Section 8.3(a).

  • charitable purposes means the relief of poverty; the improvement of health through the alleviation of illness, disease, or injury; the operation of an organization exclusively for the provision of professional, laundry, printing, and purchasing services to hospitals or charitable institutions; the operation of a home for the aged, as defined in section 5701.13 of the Revised Code; the operation of a radio or television broadcasting station that is licensed by the federal communications commission as a noncommercial educational radio or television station; the operation of a nonprofit animal adoption service or a county humane society; the promotion of education by an institution of learning that maintains a faculty of qualified instructors, teaches regular continuous courses of study, and confers a recognized diploma upon completion of a specific curriculum; the operation of a parent-teacher association, booster group, or similar organization primarily engaged in the promotion and support of the curricular or extracurricular activities of a primary or secondary school; the operation of a community or area center in which presentations in music, dramatics, the arts, and related fields are made in order to foster public interest and education therein; the production of performances in music, dramatics, and the arts; or the promotion of education by an organization engaged in carrying on research in, or the dissemination of, scientific and technological knowledge and information primarily for the public.