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Which of the following accurately describes a charitable trust? A Charitable organization: 1 Funds the...

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Finance

Which of the following accurately describes a charitable trust? A Charitable organization:

1 Funds the trust with property that produces tax-exempt income for the charity.

2 Funds the trust and is entitled to tax-exempt income at a later date, specified in the trust document.

3 Is entitled to either an income interest or remainder interest, or both, from the trust.

4 uses this kind of trust to compensate employees of the charity

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