Philanthropy Impact

Inspiring philanthropy and social investment across borders, sectors and causes

Glossary

Definition

Limited companies, with special additional features, created for the use of people who want to conduct a business or other activity for community benefit, and not purely for private advantage (CIC regulator definition). CIC is a legal form used by many social enterprises.

Definition

CITR offers a tax incentive to investors in accredited community development finance institutions (CDFIs). The tax incentive is available to individuals and companies.

Definition

Mutual organisations that offer members a range of affordable savings, investments, insurances, pensions and specialist annuities.

Definition

A scheme of tax relief for single outright cash gifts made to charities by individuals and companies.

Definition

Lifetime Legacies are a form of split interest trust, much used in the USA (where they are known as Charitable Remainder Trusts).

Definition

Objects is the term used by the Charity Commission to describe and identify the purpose for the which the charity has been set up. They do not say what the organisation will do on a daily basis.

Definition

That portion of a charity’s income funds set aside for essential, but as yet unidentified, future expenditure.