Using a Private Foundation to Stretch Family Control over CRTs and CLTs


Categories: Supporting Your Foundation

Search Topics: Advanced Grantmaking Foundation Tax Strategies Strategic Planning

Many families have either a charitable remainder trust (CRT) or a charitable lead trust (CLT). While these trusts offer significant advantages by providing tax savings and distributions back to the family, while also benefitting charities, there is an inherent drawback. They cannot carry out a family’s charitable intentions beyond their relatively short terms. However, when a private foundation is established alongside either a CRT or CLT, the donor and the donor’s family can receive all the usual benefits of these trusts while retaining family control over charitable giving—potentially forever. This article explains how.

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