0
A charitable gift annuity involves a contract between a donor and charity. The donor gives property or cash in exchange for a tax deduction, When the donor dies the charity keeps the gift.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How is present value annuity factor calculated?
The present value annuity formula is used to simplify the calculation of the current value of an annuity. A table is used where you find the actual dollar amount of the annuity and then this amount is multiplied by a value to get the future value of that same annuity.
What is the meaning of the boy name ayyan?
Gift of god
What is the meaning of the name tatyana?
Tatyana means gift from God
What are the four pieces to an annuity present value?
The four pieces to an annuity present value are: Present value(PV), Cashflow (C), Discount rate (r) and the life of the annuity (t)
Is charity the abstract noun for charitable?
The word 'charitable' is the adjective form of the abstract noun charity.The abstract noun form of the adjective 'charitable' is charitableness.
What exactly is a charitable remainder annuity trust?
A charitable remainder annuity trust is a Planned Giving vehicle that entails a donor placing a major gift of cash or property into a trust. The trust then pays a fixed amount to the donors specified beneficiary.
What is a Charitable Lead Annuity Trust?
A charitable lead annuity trust is a type of account that specifies a certain amount of money to go to a certain charity every year. This type of trust can be either vivos or testamentary.
What is another word for a charitable gift?
self-sacrificing, bountiful gift
What is the Fidelity Charitable Gift Fund used for?
The Fidelity Charitable Gift Fund main purpose is to provide other charities and donors programs that will help them make charitable giving simple and easy.
What type of annuity credits an individual with a return that is based on changes is an index?
This would be called an indexed annuity or an equity indexed annuity both meaning the same thing.
What type of annuity credits an individual with a return that is based on changes in an index?
This would be called an indexed annuity or an equity indexed annuity both meaning the same thing.
Which companies allow one to make a charitable gift?
The following companies allow one to make a charitable gift: 700 Club, A Child's Hope Fund, Adopt America Network, Aids Research Alliance of America, and Breast Cancer Charities of America.
What is a 10 letter word meaning giving to the poor?
charitable
What is the meaning of perpetual-annuity?
a perpetual annuity is an annuity that continues forever- it has an infinite life.That is every year from its establishment this investment pays the same dollar amount.An example of a perpetuity is the dividend stream on preference shares.
What is the correct general ledger entry for redemption of a gift certificate given to a charitable organization by a retail store?
How abut this? On issuance Debit - charitable expense Credit - Gift certificates issued On redemption Debit - Gift certificates issued Credit - Inventory Hard to do on a point-of-sale system that does not allow general journal entries.
Can money given to your child for living expenses be considered a charitable contribution for tax purposes?
Money given to any individual, including your own child, cannot be treated as "charitable" in the US - The government will treat it as a gift however, and if that exceeds $10,000 in a single year, gift taxes will be applied.
Are chocolate bars exempt from the PST portion of HST in BC?
Not unless they are bought as a charitable donation or gift. So no.
