Cru

(redirected from CRUT)
Also found in: Dictionary, Legal, Acronyms.
Related to CRUT: crutch

Cru

(astronomy)
References in periodicals archive ?
The tax adviser represented that if the assets of the CRUT were invested as the tax adviser recommended, they would generate a certain annual return.
The foundation has extensive expertise establishing and managing CRUTs, he says, and his firm recommends that clients seeking to make split-interest gifts consider working with the foundation.
12) CRUTs made up more than 91 percent of charitable remainder trusts reporting UBTI for the year.
A donor can make multiple contributions to a single CRUT, but the initial contribution is the only contribution that can be made to a CRAT.
Third, unlike with CRATs, CRUTs, and PIFs, the donor cannot retain the right to receive payments.
In the event that an additional contribution is made to an existing CRUT that does not meet the 10% remainder interest requirement, it will not cause the trust to cease being treated as a CRUT, but it will be treated as a transfer to a separate trust that is not a CRUT.
A variation of the CRUT, called a net income CRUT, pays the donor the lesser of the net income of the trust or the unitrust amount.
The choice between a CRAT and a CRUT depends, in part, on whether you want to make additional contributions to the trust in later years.
10) More than 97 percent of those reporting UBI were CRUTs.
Annual valuation (which is required for charitable remainder unitrusts and not permitted for any other charitable trust) increases the flexibility of a CRUT considerably.
That is, a split-interest remainder trust could receive a charitable deduction only if it is in the form of a CRUT, CRAT, or PIF.
Unlike the CRUT, a make-up account is created in any year that income earned is less than the fixed percentage allowed.