CHAPTER 8
 

CHARITABLE GIFTS

 

 
 
 
 

A.

Definition
     
PEF Code §6101 defines “charity” or “charitable purposes” as including, but not limited to, the relief of poverty, the advancement of education, the advancement of religion, the promotion of health, governmental or municipal purposes and other purposes, the accomplishment of which is beneficial to the community.

Charitable gifts have long enjoyed a special position in the law. They are not subject to the rule against perpetuities, PEF Code §6104(b)(1), nor are directions to accumulate income in a trust for charitable purposes subject to the rule against accumulations, PEF Code §6106(b)(1). However, the Internal Revenue Code does impose certain distribution requirements on private foundations.

 

 


 
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