charitable trust
[CHAR-i-tuh-bul truhst]
nounpl: charitable trusts
fundo fiduciário de caridade
1. A legal arrangement in which a trustee holds property for the benefit of a charitable organization or cause, with tax-exempt status
She established a charitable trust to support education initiatives in underserved communities.
Ela constituiu um fundo fiduciário de caridade para apoiar iniciativas de educação em comunidades carentes.
2. A trust created primarily to benefit the public or a specific charitable purpose rather than private individuals
The wealthy businessman set up a charitable trust to fund medical research.
O empresário rico constituiu um fundo fiduciário de caridade para financiar pesquisa médica.
3. A financial instrument that provides tax benefits to donors while supporting philanthropic causes
Charitable trusts offer significant tax deductions for donors.
Os fundos fiduciários de caridade oferecem deduções fiscais significativas para doadores.
In the United States, charitable trusts are important estate planning tools that provide significant tax advantages under IRS Code Section 501(c)(3). In Brazil, similar structures exist but are regulated differently, often referred to as 'fundações' (foundations) or 'associações' (associations). The concept is particularly relevant among wealthy individuals seeking to leave a philanthropic legacy while reducing estate taxes.
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