Charitable Trusts are irrevocable structures established by a donor to provide an income stream to the income beneficiary. At the death of the grantor/donor, a public charity or private foundation of your choice receives the remainder value when the trust terminates.
- May be set up during a donor's life as part of a trust or through a will as a Testamentary Trust
- May provide a charitable income tax deduction to the donor
- Can eliminate assets (or part of the asset's value) from donor's estate
- May benefit the public
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