AB803,,2929(c) It is held solely for charitable purposes and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary.

AB803,,3131701.0103 (3u) “Charitable organization” means any of the following:

AB803,,3232(a) A person, other than an individual, organized and operated exclusively for charitable purposes.

AB803,,3333(b) A government or governmental subdivision, agency, or instrumentality, to the extent it holds funds exclusively for a charitable purpose.

AB803,,3535701.0103 (3x) “Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, a municipal or other governmental purpose, or another purpose the achievement of which is beneficial to the community.

AB803,,3737701.0103 (4) “Charitable trust” means a trust, or portion of a trust, created for a charitable purpose described in s. 701.0405 (1). This subsection does not apply in s. 701.1201.

AB803,,3939701.0103 (5g) “Court” means the court that is identified in s. 701.0203 (1).

AB803,,4141701.0103 (5w) “Current beneficiary” means a beneficiary that on the date the beneficiary’s qualification is determined is a distributee or permissible distributee of trust income or principal or is the holder of a presently exercisable general power of appointment.

AB803,,4343701.0103 (9) “General power of appointment” has the meaning given in s. 702.02 (5) 702.102 (7).

AB803,,4545701.0103 (11p) “Identified charitable organization” means a charitable organization that is expressly designated to receive distributions under the terms of a charitable trust and that is not subject to a right of substitution by the settlor or by any other party prior to the charitable organization becoming a current beneficiary.

AB803,,4747701.0103 (15m) “Issue” has the meaning given in s. 851.13.

AB803,,4949701.0103 (18) “Power of appointment” has the meaning given in s. 702.02 (6) 702.102 (14).

AB803,,5151701.0103 (19m) “Powerholder” has the meaning given in s. 702.102 (15).

AB803,,5353701.0103 (19r) “Presently exercisable power of appointment” has the meaning given in s. 702.102 (16).

AB803,,5555701.0103 (19v) “Presumptive remainder beneficiary” means, without considering the existence or exercise of a power of appointment, other than a power of appointment that has been irrevocably exercised and notice of the exercise has been given to the trustee, a beneficiary that on the date the beneficiary’s qualification is determined, would be any of the following:

AB803,,5656(a) A distributee or permissible distributee of trust income or principal if the interests of any current beneficiary terminated on that date without causing the trust to terminate.

AB803,,5757(b) A distributee or permissible distributee of trust income or principal if the trust terminated on that date.