charitable lead trust
- A special type of trust where income from the trust's assets is given to a charity for a defined time period, after which, the remainder of the trust property is returned to the grantor or another beneficiary
- The philanthropist decided to set up a charitable lead trust to support several nonprofits.
- Through a charitable lead trust, income generated from the donated assets was given to the local hospital before being transferred to the grantor's heirs.
- A charitable lead trust allowed him to support his community while also providing for his grandchildren's future.