Which of the following accurately describes a charitable trust? A Charitable organization: 1 Funds the...
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Finance
Which of the following accurately describes a charitable trust? A Charitable organization:
1 Funds the trust with property that produces tax-exempt income for the charity.
2 Funds the trust and is entitled to tax-exempt income at a later date, specified in the trust document.
3 Is entitled to either an income interest or remainder interest, or both, from the trust.
4 uses this kind of trust to compensate employees of the charity
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