charitable remainder trust

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charitable remainder trust (Charitable Remainder Irrevocable Unitrust)

n. a form of trust in which the donor (trustor or settlor) places substantial funds or assets into an irrevocable trust (a trust in which the basic terms cannot be changed or the gift withdrawn) with an independent trustee, in which the assets are to go to charity on the death of the donor, but the donor (or specific beneficiaries) will receive regular profits from the trust during the donor's lifetime. The IRS will allow a large deduction in the year the funds or assets are donated to the trust, and the tax savings can be used to buy an insurance policy on the life of the donor which will pay his/her children the proceeds upon the donor's death. Thus, the donor (trustor) can make the gift to charity, make a return on his/her money and still arrange to make a large gift at death to his/her heirs. The disadvantage is that the assets are permanently tied up or committed.

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References in periodicals archive ?
CRT devices are being predominantly used to prevent the surgical cost and readmission rate in hospitals, thereby propelling its growth.
In addition to Paul Thiel as CRT Chairman, the balance of its 2018 board of directors' appointments are: Joshua Vanetti - Chief Financial Officer; Dennis Dillon - Vice Chair, Client Acquisition; Cory Grant - Vice Chair, Sponsor Development; David Kramer - Vice Chair Marketing; Brett Pernicano - Vice Chair, Partner Relations; Susannah Stewart - Vice Chair, Program Development; and Dana Shertz, Vice Chair, Mentor Development.
Similarly, to determine the credit where the tenant has total income between $5 million and $10 million, the CRT imposed on the tenant is also multiplied by the income factor and the rent factor.
To the best of our knowledge, a computational study that quantifies the effect of combined CRT and LVAD has yet to be conducted.
Other desirable attributes include growing issuance of CRT securities, an expanding buyer base, and a structure that deleverages over time.
The atrioventricular and ventricular-ventricular intervals were optimized with echocardiography after CRT implantation.
CRT, which was founded in 1989, has offices in Stamford, CT and New York, NY.
Tom Bolon, the CEO of Columbus, Ohio-based Novotec, explained his company launched in 2008 to focus solely on CRT processing.
Until 2014, a QRS interval of 150 msec and higher (considered "wide") was the dividing point for who needs CRT. Dr.
This gives the clinician more choices to meet patient needs by optimizing CRT pacing to reduce the rate of CRT non-responders, as well as the likelihood of costly and invasive lead revision through a second interventional procedure.
A CRT is a split-interest trust, meaning there are two beneficiaries: an individual income beneficiary and a charitable remainder beneficiary.