The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. (May 2016)
A Charitable Remainder Annuity Trust (CRAT) is a Planned Giving vehicle that entails a donor placing a major gift of cash or property into a trust. The trust then pays a fixed amount of income each year to the donor or the donor's specified beneficiary. When the donor dies, the remainder of the trust is transferred to the charity.