Charitable Trust

A charitable trust is a type of trust that is established for charitable purposes. The trust is typically funded with assets that are donated by a grantor or other individuals and are managed by a trustee who is responsible for distributing the assets to charitable organizations or causes.

The terms of the trust are specified by the grantor and must be in compliance with state and federal laws governing charitable trusts. Charitable trusts can take many forms, including charitable remainder trusts, charitable lead trusts, and pooled income funds.

Charitable trusts offer several benefits, including tax advantages for the grantor, the ability to support charitable causes that are important to the grantor, and the potential to create a lasting legacy. However, establishing a charitable trust can be a complex process, and requires careful planning and consideration to ensure that the trust is structured properly and meets the grantor’s goals and objectives.