Charitable remainder trusts.
(i) Charitable remainder trusts. The fair market value of a remainder interest in a pooled income fund, as defined in 1.642(c)-5 of this chapter, is its value determined under 1.642(c)-6(e). The fair market value of a remainder interest in a charitable remainder annuity trust, as defined in 1.664-2(a), is the present value determined under 1.664-2(c). The fair market value of a remainder interest in a charitable remainder unitrust, as defined in 1.664-3, is its present value determined under 1.664-4(e). The fair market value of a life interest or term of years in a charitable remainder unitrust is the fair market value of the property as of the date of valuation less the fair market value of the remainder interest on that date determined under 1.664-4(e)(4) and (5).