Talk:Charitable trust

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A good part of the info currently in the article needs to be moved/merged into the foundations article. B 20:03, May 11, 2004 (UTC)

At least in the US, 501(c)3 charities are taxed entirely differently and are a bit of a different animal from foundations. - Taxman 15:49, Nov 22, 2004 (UTC)

[edit] Charitable trusts that aren't "charities"

This article focuses on the entity of a charity and fails to mention the use of trusts by private individuals for charitable purposes. In the United States, examples include CRUT's and CRAT's (Charitable remainder trusts), GRUT's and GRAT's (Grantor retained trusts), and various others. I'm not sure how to split the two or include that use of the same term. In the US a charity can be either a corporation or a trust or similar entity that meets IRS definitions for a charitable organization [1]. So come to think of it Charity is wrong too. - Taxman 15:49, Nov 22, 2004 (UTC)

I'm not aware of anything similar in New Zealand or other Commonwealth countries. If it doesn't have a public purpose and provide a public benefit then it is not a charitable trust. On another note I've corrected teh error as to UK trusts income (somehow I think a 'million' got left out somewhere trusts int he Uk recieve more that US$61.70 a year!) Lisiate 04:20, 1 Mar 2005 (UTC)

OK, so then I've added it under the US section. Someone can have fun trying to make that more readable without being innaccurate, which I currently have no idea how to do. - Taxman 15:25, Apr 4, 2005 (UTC)

[edit] Dubious 'fact' removed

The article did say: For example, the annual income for charities in England and Wales has risen from about 37.41 million US dollars in 1998 to about 65.47 US million dollars in 2004.

There is no source for this figure and it seems way too low - for instance the one charity Comic Relief alone raised more than GBP 60 million in 2003 - more than USD 100 million.

That "fact" made it back into the article, without any explanation, in the edit by 213.123.249.179 two days later (16 Mar 2005), and it's still in the article. Meanwhile, I'm wondering why income for U.K. charities is being given in USD. — Nowhither 07:27, 9 August 2005 (UTC)