Charitable Remainder Trust

A trust can be established to benefit a charitable organization, where the grantor has the option to designate an income beneficiary who will receive a specified payment amount—at least once a year—from the trust. The grantor can also serve as the income beneficiary. Upon the grantor's death, the remainder interest in the trust will pass to the charitable organization. It's important to note that using a trust involves a complex set of tax rules and regulations. Before proceeding with the establishment of a trust, it is advisable to consult with a professional who is knowledgeable about these rules and regulations.