Information about Charitable Remainder Annuity Trust

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 of income each year to the donor or the donor's specified beneficiary. When the donor dies, the remainder of the trust is transferred to the charity.

Charitable trusts such as a CRAT require a trustee. Sometimes the charity is named as trustee, other times it's a third party such as an attorney, a bank or a financial advisor.

Planned Giving is an area of fundraising that refers to several specific gift types that can be funded with cash or property. These gift vehicles are based on United States tax law.
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In trust law, a beneficiary or cestui que use, a.k.a.
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Trustee is a legal term that refers to a holder of property on behalf of a beneficiary. A trust can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non-charitable purposes): typical examples are a will trust for the testator's
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An attorney is someone who represents someone else in the transaction of business:
  • For attorney-at-law, see attorney at law, advocate, lawyer, solicitor, barrister or civil law notary.
  • For attorney-in-fact, see power of attorney.

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A financial adviser is a professional who renders investment advice and financial planning services to individuals and businesses. Ideally, the financial adviser helps the client maximize their net worth by proper asset allocation.
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charity means the giving of help to those in need.

Etymology

The word "charity" entered the English language through the Old French word "charité" which was derived from the Latin "caritas".
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Philanthropy is the act of donating money, goods, time, or effort to support a charitable cause, usually over an extended period of time and in regard to a defined objective.
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Alms or almsgiving exists in a number of religions. In general, it involves giving materially to another as an act of religious virtue. In Abrahamic religions, alms are given as charity to benefit the poor.
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Tzedakah (Hebrew: צדקה) is a Hebrew word most commonly translated as charity, though it is based on a root meaning justice (צדק).
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Islamic Jurisprudence
– a discipline of Islamic studies
Fields
  • Economic
  • Zakat
  • Jizya
  • Nisab

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Donation is a gift to a fund or cause, typically for charitable reasons. A donation may take various forms, including cash, services, clothing, toys, food, accommodation, blood or new or used items. Charitable gifts of goods or services are also called gifts in kind.
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Alternative giving is a form of gift giving in which the giver makes a donation to a charitable organization in the recipient’s name, rather than giving an item. This form of giving is often used as an alternative to consumerism and to mitigate the impact of gift giving
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non-governmental organization (NGO) is a legally constituted organization created by private persons or organizations with no participation or representation of any government.
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The Law of Wills, Trusts and Inheritance
Part of the common law series
Wills
Wills  · Holographic will
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A foundation is a legal categorization of nonprofit organizations. Foundations may also and often have charitable purposes. This type of nonprofit organisation may either donate funds and support to other organizations, or provide the sole source of funding for their own charitable
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A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes.
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A not-for-profit corporation is a corporation created by statute, government or judicial authority that is not intended to provide a profit to the owners or members. A corporation that is organized to provide profits to its owners or members is a for-profit corporation.
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Charity Navigator is an independent, non-profit organization that evaluates American charities. Their stated goal is "to advance a more efficient and responsive philanthropic marketplace by evaluating the financial health of America's largest charities.
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The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter.
It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view.
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Charity badge - a widget used on websites, blogs, social networks or e-mail for promotion of some humanitarian initiative, mainly gathering donations for charity projects.
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volunteer is someone who serves in a community or for the benefit of natural environment primarily because they choose to do so. Many serve through a non-profit organization – sometimes referred to as formal volunteering, but a significant number also serve less formally,
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philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes. The term may apply to any volunteer or to anyone who makes a donation, but the label is most often applied to those who donate large
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Charitable contribution deductions for United States Federal Income Tax purposes are defined in section 170(c) of the Internal Revenue Code as contributions to or for the use of certain nonprofit enterprises.
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