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Simple English definitions for legal terms

community trust

Read a random definition: deduction in respect of a decedent

A quick definition of community trust:

Community trust: A community trust is a group of people who pool their money together to help fund projects in their community. These projects can be things like scholarships, environmental projects, preservation, and affordable housing. The community trust is set up as a special type of organization that allows for more efficient and tax-free management of the funds. The people who run the community trust are responsible for making sure the money is used for the right things and that it keeps generating income for a long time. The money usually comes from wealthy individuals who want to help their community. Sometimes it can be hard to decide which money belongs to the community trust and which belongs to other organizations or individuals. But as long as the community trust is following the rules, it can use the money to make a difference in the community.

A more thorough explanation:

A community trust is a type of organization that pools funds together to support projects in a community. These trusts are usually set up as non-profit organizations or trusts and are governed by a board of directors. The funds can be used for a variety of needs, such as scholarships, environmental projects, preservation, and affordable housing.

For example, a community trust might receive donations from wealthy individuals who want to support a specific cause in their community, such as building a new park or providing scholarships for local students. The trust would then manage these funds and distribute them to the appropriate projects.

In order to qualify as a community trust, the organization must follow federal and state guidelines. The funding sources for community trusts tend to come from wealthy individuals who prefer this organizational structure over a foundation. This is because community trusts are often more efficient and have tax benefits.

Overall, community trusts are a way for individuals to come together and support their community in a meaningful way. By pooling their resources, they can make a bigger impact than they would be able to on their own.

community service | commutation

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amlaw
17:40
do you guys want to hear my newest irrational fear
[] ararara
18:18
That you have so much fun tonight dancing after the sun goes down you fall in love but way too hard and your heart pops!
[] ararara
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Hi wherever you are hope you have a great Saturday! Stay hydrated!
hydrating! 👹
[] ararara
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Hahah lolll show those fools your dance moves!! I am actually about to start working until about 4 in the morning so I can go out of town Tuesday so avenge me!
[] ararara
19:12
I came face to face with an Amazon worker on prime day though and that was crazy. Don’t think I’ll ever forget that. They looked completely drained it was insane.
rip to that young lad, wishing them hydration and days off from work. don’t work yourself too hard ara! chronic stress kills!
[] ararara
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Thanks wasp right back at you! You too! This work is really interesting! It’s one of three jobs where it’s been hard to stop before school starts for sure.
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you have to be the art hoe gf u want to see in the world
willing
manifestmoreadmissions
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bunny i am trying so hard idk if i can cut it
amlaw what's your fear
amlaw
10:02
that i got rejected from washu and just didn't see the email even though i've checked my spam and everything because they don't change their portals at all
that sucks :(
amlaw
10:36
and i know its crazy lol
hahaha yes it is crazy lol
babybunny
15:03
Heard Biden dropped out of the race. Made me remember when you said bye den dropped out of my life. You'll always be my first choice nominee. No need to text back
amlaw
15:03
i have never fully comprehended any of your messages bunny
when you said bye den dropped out of my life
i have a 3.38 and hope to get a 175+ on the LSAT
Does anyone know which schools place in federal positions outside of T14? UT,SMU, TAMU, George Mason, George Washington, ASU)
odds for sls waitlist this cycle?
Justvibin123
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Who ever is accepted at Wayne state and is not attending can you please withdraw your app 🥹
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