Orthodox beliefs, Poole, Charitable Trusts
Orthodox
The word orthodox, from Greek orthodoxos "having the right opinion", from orthos ("right", "true", "straight") + doxa ("opinion" or "praise", related to dokein, "to think"),is typically used to mean adhering to the accepted or traditional and established faith, especially in religion.
The term did not conventionally exist with any degree of formality (in the sense in which it is now used) prior to the advent of Christianity in the Greek-speaking world, though the word does occasionally show up in ancient literature in other, somewhat similar contexts.[citation needed] Orthodoxy is opposed to heterodoxy ("other teaching"), heresy and schism. People who deviate from orthodoxy by professing a doctrine considered to be false are most often called heretics or radicals, while those who deviate from orthodoxy by removing themselves from the perceived body of believers are called schismatics. The distinction in terminology pertains to the subject matter; if one is addressing corporate unity, the emphasis may be on schism; if one is addressing doctrinal coherence, the emphasis may be on heresy.
Poole
Poole is a large coastal town and seaport in the county of Dorset, on the south coast of England. The town is 32 kilometres (20 mi) east of Dorchester, and Bournemouth adjoins Poole to the east. The Borough of Poole was made a unitary authority in 1997, gaining administrative independence from Dorset County Council. The town had a population of 138,288 according to the 2001 census, making it the second largest settlement in Dorset.
Human settlement in the area dates back to before the Iron Age. The earliest recorded use of the town's name was in the 12th century when the town began to emerge as an important port, prospering with the introduction of the wool trade. In later centuries the town had important trade links with North America and at its peak in the 18th century it was one of the busiest ports in Britain. During the Second World War the town was one of the main departing points for the D-Day landings of the Normandy Invasion.
Poole is a tourist resort, attracting visitors with its large natural harbour, history, the Poole Arts Centre and Blue Flag beaches. The town has a busy commercial port with cross-Channel freight and passenger ferry services. The headquarters of the Royal National Lifeboat Institution (RNLI) are located in Poole, and the Royal Marines have a base in the town's harbour. Despite their names, Poole is the home of The Arts University College at Bournemouth, the Bournemouth Symphony Orchestra and a significant part of Bournemouth University.
Charitable Trusts
Charitable trusts may be set up inter vivos, during a donor's life, or as a part of a trust or will at death, as testamentary.
Charitable remainder trusts are irrevocable structures established by a donor to provide an income stream to the income beneficiary, while the public charity or private foundation receives the remainder value when the trust terminates. These "split interest" trusts are defined in §664 of the Internal Revenue Code of 1986 as amended and are normally tax-exempt. A section 664 trust makes its payments, either of a fixed amount or a percentage of trust principal (charitable remainder unitrust), to whomever the donor chooses to receive income. Normally, the donor may claim a charitable income tax deduction, and may not have to pay an immediate capital gains tax when the charitable remainder trust disposes of the appreciated asset and purchases other property as it diversifies its portfolio of trust property. At the end of the trust term, which may be based on either lives or a term of years, the charity receives whatever amount is left in the trust. Charitable remainder unitrusts provide some flexibility in the distribution of income, and may be helpful in retirement planning, while charitable remainder annuity trusts paying a fixed dollar amount are more rigid and usually appeal to much older donors unconcerned about inflation's impact on income distributions who are using cash or marketable securities to fund the trust.