Split interest trust definition

Split interest trust means a trust for individual and charitable beneficiaries that is subject to section 4947(a)(2) of the IRC.
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Split interest trust means a trust for individual and charitable beneficiaries that is subject to the provisions of s. 4947(a)(2) of the Internal Revenue Code.
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Split interest trust means a split-interest trust as described in section 4947(a)(2) of the Internal
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Examples of Split interest trust in a sentence

  • Split interest trust agreements: The Foundation accepts gifts subject to split interest agreements.


More Definitions of Split interest trust

Split interest trust means an irrevocable trust in which the income is first dispersed to the beneficiaries of the trust for a specified period and the remainder of the trust is donated to a designated charity.
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Split interest trust means a trust for
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Split interest trust means a nonexempt split-interest trust described in section 4947(a)(2) of the code, but only to the extent that section 508(e) of the code4 is applicable to the nonexempt split-interest trust under section 4947(a)(2) of the code;
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Related to Split interest trust

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Grantor Trust means a Trust other than a RIC.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Securitization Trust means a trust formed pursuant to a Securitization.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • student loan means a loan towards a student’s maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student’s bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.