Tuesday, 14 May 2024, 3:42 PM
Site: RRU Open Educational Resources
Course: Give Green Canada (Give Green Canada)
Glossary: Here is a Helpful Glossary of Gift Planning
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Life estate or life interestA grant of property to a person for his or her life or some other specified time. |
Loan backAn arrangement where a donor gives cash to a charity (usually a private foundation) and the foundation then loans the money back to the corporation of the donor. The loan is backed by corporate assets and pays interest. |