Method for capital creation for tax-exempt organizations

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

C705S035000, C705S03600T

Reexamination Certificate

active

07620593

ABSTRACT:
A method for enabling a qualified organization to raise or borrow an amount of capital that is required for a planned project and for subsequently eliminating the obligation to repay the debt principal comprises establishing a pool of potential investors to receive an offer to purchase tax-exempt bonds of the qualified organization in order to raise the capital required by the qualified organization, offering the tax-exempt bonds to selected investors in the pool of potential investors, receiving an amount of funds from at least one selected investor to purchase the tax-exempt bonds; establishing an individual charitable remainder trust with the tax-exempt bonds of the qualified organization contributed as assets by the at least one selected investor, and specifying the qualified organization as a residual beneficiary of the charitable remainder trust.

REFERENCES:
patent: 5663547 (1997-09-01), Ziarno
patent: 5761645 (1998-06-01), Hawkins
patent: 5806042 (1998-09-01), Kelly et al.
patent: 5864685 (1999-01-01), Hagan
patent: 5926800 (1999-07-01), Baronowski et al.
patent: 5974390 (1999-10-01), Ross
patent: 6192347 (2001-02-01), Graff
patent: 6301574 (2001-10-01), Thomas et al.
patent: 6430542 (2002-08-01), Moran
patent: 6611807 (2003-08-01), Bernheim et al.
patent: 7191148 (2007-03-01), Butcher
patent: 2001/0011223 (2001-08-01), Burke
patent: 2001/0049612 (2001-12-01), Davis
patent: 2002/0013750 (2002-01-01), Roberts et al.
patent: 2002/0016758 (2002-02-01), Grigsby
patent: 2002/0077955 (2002-06-01), Ramm
patent: 2002/0138381 (2002-09-01), Tomecek
patent: 2002/0165740 (2002-11-01), Saunders
patent: 2002/0178039 (2002-11-01), Kennedy
patent: 2003/0065616 (2003-04-01), O'Donnell, Jr.
patent: 2003/0191672 (2003-10-01), Kendall et al.
patent: 2008/0183488 (2008-07-01), Vianello
patent: WO 95/23379 (1995-08-01), None
patent: WO 02/39644 (2002-05-01), None
Charitable Planned Giving; Horowitz, Steven A., Taxes, Chicago, Nov. 1994, vol. 72, Iss. 11, p. 685.
Charitable Trusts (http://web.archive.org/web/*/http://www.savewealth.com/planning/estate/charitabletrusts/) dated Feb. 15, 2001.
Control and restricted securities, Barron, Robert A., Securities Regulation Law Journal, New York: Spring 1998, vol. 26, Iss. 1; p. 123, 4 pgs.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Method for capital creation for tax-exempt organizations does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Method for capital creation for tax-exempt organizations, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method for capital creation for tax-exempt organizations will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-4144497

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.