HOW THE HARVARD CRT TECHNIQUE WORKS

Dear Editor: The March issue's, Charitable Giving, column in the Briefing section described private letter rulings issued to Harvard University in 2003 and to other universities starting in 2006. The technique outlined in the rulings and described in the article allows a charitable remainder trust (CRT), of which Harvard is trustee and sole remainder beneficiary, to commingle its assets with those

Dear Editor:

The March issue's, “Charitable Giving,” column in the Briefing section described private letter rulings issued to Harvard University in 2003 and to other universities starting in 2006. The technique outlined in the rulings and described in the article allows a charitable remainder trust (CRT), of which Harvard is trustee and sole remainder beneficiary, to commingle its assets with those of the Harvard endowment by purchasing units of the endowment. The units are nothing m

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish