ckcf4people.org

Website:http://www.ckcf4people.org
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Definitions (33)

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SCHOLARSHIP CENTRAL LOGIN


NEWS & MEDIA
Source: ckcf4people.org

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501(c)(3)


  Section of the Internal Revenue Code that designates an organization as charitable and tax exempt.  Organizations qualifying under this section include religious, educational, charitable, amateur at [..]
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Bequest


  A gift by will to a specific recipient.  A charitable bequest is a transfer at death by will to a nonprofit organization for charitable purposes.
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Challenge Grant


  A grant this is made on the condition that other monies must be secured, either on a matching basis or via some other formula, usually within a specified period of time, with the objective of stimul [..]
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Charitable Gift Annuity


A gift of cash or securities in exchange for the promise of lifetime income, immediate (CGA) or deferred (DCGA).  A charitable gift annuity is a contract between the donor and charity that is part cha [..]
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Charitable Lead Trust


  A charitable lead trust (CLT) pays the trust income to a charity first for a specified period, with the principal reverting to the donor or going to other person(s) at the end of the period.  If it [..]
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charitable remainder trust


  A gift plan that provides income to one or more beneficiaries for their lifetime, a fixed term of not more than 20 years, or a combination of the two.  Assets, usually cash, securities, or real esta [..]
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Community Foundation


A tax-exempt, nonprofit, autonomous, publicly supported, nonsectarian philanthropic institution with a long-term goal of building permanent, named component funds established by many separate donors t [..]
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Donor advised fund


Generally, a fund held by a community foundation where the donor, or a person or committee appointed by the donor, may recommend eligible charitable recipients for grants from the fund.  The community [..]
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Endowment


A fund in which the principle is kept intact, and only a certain amount of earnings are available for other purposes.  Donors may require that the principal remain intact in perpetuity, for a defined [..]
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