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Which of the following accurately describes a charitable trust? * A charitable organization funds the trust with property that produces tax-exempt income for the charity.
Which of the following accurately describes a charitable trust? |
*
A charitable organization funds the trust with property that produces tax-exempt income for the charity. | |||
A charitable organization funds the trust and is entitled to tax-exempt income at a later date, specified in the trust document. | |||
A charitable organization is entitled to either an income interest or a remainder interest, or both, from the trust. | |||
A charitable organization uses this kind of trust to compensate employees of the charity. | |||
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