A charitable trust is an irrevocable trust established with the primary purpose of supporting charitable causes, offering tax and estate planning benefits to the donor while directing assets towards chosen charities.

Key points about charitable trusts:
Purpose:
To provide a structured way for individuals to donate assets to charities while potentially receiving income or tax advantages.
Irrevocable nature:
Typically, charitable trusts are irrevocable, meaning the donor cannot reclaim the assets once they are placed within the trust.
Tax benefits:
Depending on the structure, charitable trusts can offer tax benefits related to income and estate planning.
Main types:
The two primary types of charitable trusts are charitable remainder trusts and charitable lead trusts.
Charitable remainder trusts (CRTs):
These trusts generate income for the donor or designated beneficiaries during the trust's term, with the remaining assets ultimately going to the chosen charity.
Structure and flexibility:
Charitable trusts can be structured to meet specific donor goals and needs, offering various income distribution options

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