A charitable trust is an irrevocable trust established for charitable purposes, and is a more specific term than "charitable organisation".
Charitable lead trusts make payments, either of a fixed amount (charitable lead annuity trust) or a percentage of trust principal (charitable lead unitrust), to charity during its term. At the end of the trust term, the remainder can either go back to the donor or to heirs named by the donor. The donor may sometimes claim a charitable income tax deduction or a gift/estate tax deduction for making a lead trust gift, depending on the type of a charitable lead trust. Generally, a non-grantor lead trust does not generate a current income tax deduction, but it eliminates the asset (or part of the asset’s value) from the donor’s estate.
Joint Action receives funding from various Charitable Trusts and Foundations across the UK who share our vision of improving people's mobility through funding specific musculoskeletal research.
If you are interested in finsing out how to set up a trust, or are a trustee of a Charitable trust and wish to know more about our aims and objectives, or more importantly how we disperse the funds we are entrusted with, please contact us for further information.