Special rules apply if the trust will hold stock or shares in a corporation, and particularly if the corporation is an â S Corporation. â Only certain trusts can be shareholders of an S corporation: 1  Grantor trusts.
TANF stands for Temporary Assistance for Needy Families. It is a federally funded grant program that allows states to create and administer their own assistance programs for families in need. TANF replaces the federal programs previously known as welfare, and enables states to offer a wide variety of social services.
Under TANF, the federal government gives states a fixed block grant totaling $16.5 billion each year and requires them to maintain a certain level of state spending (totaling $10 billion-11 billion a year), based on a stateâs level of spending for AFDC and related programs prior to its conversion to TANF in 1996.