trust

A type of pooled trust in which funds are placed in trust in perpetutity for public-health, educational, and other charitable purposes.

A irrevocable charitable trust in which the income from said trust goes to the donor (or a specified beneficiary), and the body of the trust property will later go to a charity.  This is used for tax savings - the IRS will allow a deduction in the year the assets are put in the trust.

Compare to Charitable Lead Trust

A form of charitable remainder trust in which the annual payment to the income beneficiary is based on a percentage of the trust.

Compare to Charitable Remainder Annuity Trust

A form of charitable remainder trust in which the trustee pays the income beneficiary a fixed amount each year.

Compare to Charitable Remainder Unitrust.

Charitable Lead Trust

A charitable trust in which the income from the trust is used for a charitable purpose, and the body of the trust property will later revert back to the original donor (or another person specified - typically their children or grandchildren).

Compare to Charitable Remainder Trust.

A trust in which the beneficiaries have no knowledge of the holdings or management of the trust by the trustees.  Blind trusts are used in situations where the beneficiary is to be kept unaware of the trust assets specifics, usually for reasons of avoiding conflicts of interest.  Politicians may place personal assets in a blind trust for this reason.

An accumulation trust is a trust in which the trustee does not distribute the income from the trust, but instead gathers the income and any profits from sale of trust assets and holds these in the trust until the trust terminates (at a time specified in the creating document).

These trusts are disfavored, and often limited by law on a state-by-state basis.