Classifying An Asset for Charitable Purposes

Trusts & Estates BROUGHT TO YOU BY brought to you by Haskell GettyImages-1325902226.jpg Wealth Planning>Estate Planning Classifying An Asset for Charitable Purposes It’s not enough to show that it isn’t held as an investment or to produce income. Resources Trusts & Estates Latest Issue Read the Latest Issue Subscribe to Trusts & Estates Premium Content Subscribe Now Trusts and Estates Digital Edition Archive Read Now About Trusts & Estates Learn More

Many are unaware that the assets of a private foundation (PF) can be categorized as held for either investment or charitable purposes. However, the classification as one or the other can be of crucial importance to a PF. A PF’s investment assets are included in its asset base in calculating its 5% annual minimum distribution requirement (MDR), whereas assets used—or held for use—in carrying out a PF’s charitable purposes are excluded from such asset base.

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.


If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.


Questions about your account or how to access content?


Contact: [email protected]

Subscribe Member Log In

TAGS: Philanthropy 0 comments Hide comments Comment * Switch to plain text editor

More information about text formats

Text format CommentsPlain text Comments
  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>
Plain text
  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
PublishLog in or register to comment Save Leave this field blank Related Sponsored .article-155272.article-programmed .big-article__top .big-article__image, .ccc-usermarketing-promo { border-top-color: #216CA5 !important; } .ccc-usermarketing-promo-unit .small-button { background-color: #216CA5 !important; } .main-area { border: 0 !important; } .article-155272.article-programmed .big-article__top { border-color: #216CA5 } .article-155272 .indicator-brand a { color: #174c74 }

Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.

Originally posted on: https://www.wealthmanagement.com/estate-planning/classifying-asset-charitable-purposes