For example, hotels often offer the amenities below: 1  complimentary (free) breakfast. 2  laundry or ironing service. 3  extra toothbrushed, shampoo, lotion etc. if requested. 4  wireless internet. 5  access to a work-out facility.
From a charityâs standpoint, limited liability exists between the individual trustees or board of directors and the charity itself, and it shields the individual trustees or board members from being personally liable for the debts and obligations of the charity.
A charitable trust is allowed a charitable contribution deduction and is usually considered organized as of the first day on which it is funded with amounts for which a deduction was allowed. Charitable Trust Terminology You Need to Know Corpus Corpus is the Latin word for body. In the case of a trust, the trust corpus is the assets with which the trust was funded. It does not include gains, income, etc. produced by the trust assets.