charitable remainder annuity trust

Definition of "charitable remainder annuity trust"
  1. A charitable trust where the beneficiary receives a set payment each year from the trustee
How to use "charitable remainder annuity trust" in a sentence
  1. The scholarship fund was funded by the charitable remainder annuity trust.
  2. The charitable remainder annuity trust ensured a steady annual income for the nonprofit.
  3. Her last act of philanthropy was to set up a charitable remainder annuity trust benefitting the local hospital.

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