Charitable Remainder Trusts
In its modern form, charitable remainder trusts are used to make charitable gifts while meeting other objectives including preserving economic security for the donor or loved ones as well as providing for tax savings.
The donor transfers cash or other assets to a trust created under applicable state law. The trust provides income for a specified period of time to one or more persons. At the end of the trust period, the remainder becomes the property of the charity.
To learn more about the Charitable Remainder Trusts,