As used in this article, the following definitions shall control: (a) âCharitable trustâ means a charitable trust as described in Section 4947(a)(1) of the Internal Revenue Code. (b) âPrivate foundationâ means a private foundation as defined in Section 509 of the Internal Revenue Code. (c) âSplit-interest trustâ means a split-interest trust as described in Section 4947(a)(2) of the Internal Revenue Code.
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