A charitable trust is a trust used to benefit particular charities, institutions or the general public. Some popular charities include religious institutions, universities, medical research, and animal shelters. Charitable trusts are often eligible for preferential tax treatment. The tax treatment depends on the type of charitable trust and the amount of the donation.
A charitable remainder trust is a trust that provides income or assets to a beneficiary during his or her life and leaves the remaining property for a charitable purpose.