§6.5–101.

    (a)    In this title the following words have the meanings indicated.

    (b)    (1)    “Charitable asset” means property that is given, received, or held for a charitable purpose, including all interest in:

            (i)    real property; or

            (ii)    tangible or intangible personal property.

        (2)    “Charitable asset” includes:

            (i)    cash;

            (ii)    remainder interests;

            (iii)    conservation or preservation easements or restrictions; and

            (iv)    charitable contributions.

        (3)    “Charitable asset” does not include property acquired or held for a for–profit purpose.

    (c)    “Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose whose achievement is beneficial to the community.