Charitable Remainder Trust

A charitable remainder trust (CRT) is a type of irrevocable trust that allows an individual (the grantor) to transfer assets to one or more charitable organizations while retaining a stream of income for their family or themselves for the trust’s specified time period. When the trust term ends or the last income beneficiary dies, the remaining assets in the trust are given to the designated charity or charities. 

Read more: What is a charitable remainder trust? (With examples)