Charitable Giving With Non-Charitable Trusts

Affluent families usually accumulate much of their wealth in trusts.¹ These trusts may include charitable trusts, namely either private foundations (PFs) structured as trusts or split-interest trusts (that is, charitable lead trusts and charitable remainder trusts). Typically, however, the vast majority of a family’s wealth will be held in trusts that were designed primarily to benefit individual family members and their descendants. This poses an interesting challenge for