What is a Charitable Remainder Trust?

A charitable remainder trust is a tax-exempt irrevocable trust designed to reduce the taxable income of individuals. A charitable remainder trust dispenses income to one or more noncharitable beneficiaries for a specified period and then donates the remainder to one or more charitable beneficiaries.

What is a Charitable Remainder Trust (CRT)?

Charitable remainder trusts (CRTs) are a favored way for donors to receive a charitable deduction of the present value of a future donation while retaining an annuity or unitrust income.

Are charitable remainder trusts irrevocable?

Charitable remainder trusts are irrevocable trusts that let you donate assets to charity and draw annual income for life or for a specific time period. We closely examine charitable remainder trusts to ensure they: In a charitable remainder trust: Charitable remainder trusts are irrevocable. Assets that go in can't be taken back.