A charitable trust is simply a type of trust that names a charity as the beneficiary. There are two types of charitable trusts: The Charitable Lead and The Charitable Remainder. With a Charitable Lead Trust, certain assets will be distributed to the charity you have selected, while the remainder is distributed to your chosen beneficiaries.
A Charitable Remainder Trust is set up in almost the opposite way. The trustor of a Charitable Remainder Trust receives a specified amount of income from the trust for a specified period of time. After that time, all remaining assets will be distributed to the charity of your choice.