charitable lead trust

Definition of "charitable lead trust"
  1. 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
How to use "charitable lead trust" in a sentence
  1. The philanthropist decided to set up a charitable lead trust to support several nonprofits.
  2. 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.
  3. A charitable lead trust allowed him to support his community while also providing for his grandchildren's future.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z