The most common type of charitable trust is a "charitable remainder trust." Here are the steps usually followed to create one of these potentially-valuable trusts.
First, you establish a trust and transfer the property you want to donate to a charity. Please note that the charity must be approved by the IRS (which usually requires tax-exempt status under the Internal Revenue Code).
Second, the charity serves as trustee of the trust and manages the property so it will produce income for you. The charity then pays you (or your named beneficiary) a portion of the income generated by the trust property for a certain number of years.
Finally, at your death (or at the end of the period you designate) the property goes to the charity.
.png)
(1).png)
