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A charitable trust is often set up as part of a will and testament of death, and dictates that initially the estate goes to charity, followed by beneficiaries. A charitable remainder trust means the beneficiaries take first, and charities end up with the remainder that is left (as in the name!)

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A charitable trust is often set up as part of a will and testament of death, and dictates that initially the estate goes to charity, followed by beneficiaries. A charitable remainder trust means the beneficiaries take first, and charities end up with the remainder that is left (as in the name!)

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A charitable remainder annuity trust is a Planned Giving vehicle that entails a donor placing a major gift of cash or property into a trust. The trust then pays a fixed amount to the donors specified beneficiary.

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The attorney general of many states have the power to monitor anyone holding funds intended for "charitable purposes." This is the charitable trust, and may be administered by rules of the AG's office and by various state laws.

A charitable remainder trust would be a different animal.

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Charitable remainder unitrusts operate under Section 664 of the Internal Revenue Code and provide for a distribution of a fixed percentage of the value of trust assets to a non-charitable beneficiary for a set period of time. At the conclusion of the set period of time, the remaining balance is distributed to a charity.

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LHA Charitable Trust's population is 9.

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