Charitable Remainder Trusts - Two Types:
          
          
               The would-be donor contemplating the creation of a
          charitable remainder trust has two major types from
          which to choose, based on the technical form of payout
          desired in each case:
               *  An annuity trust, from which the donor receives
          a fixed annual dollar payout for a fixed number of
          years, or for a single lifetime or joint lifetimes (if
          married), for example, $80,000 a year, or a flat annual
          payment of eight percent of $1 million transferred to
          the trust.  This annuity CRT more often is the choice
          of older persons wishing a dependable fixed income
          without being subjected to nerve-racking investment ups
          and downs.
               *  A standard unitrust, (as the most commonly used
          CRT is called), under which the donor receives for a
          similar period of time a fixed percentage of the trust
          assets, the exact dollar value of which must be
          determined annually, usually on the first of each year. 
          For example, if the trust value increases from $1
          million to $2 million, eight percent payments will
          double from $80,000 to $160,000. 
               Any good financial planner will usually recommend
          the unitrust because of the inflationary impact on an
          annuity trust.  Even with current relatively low annual
          rates of inflation (as compared to the wild Jimmy
          Carter years in the 1970s with 18 percent inflation),
          the value of an annuity trust still declines rapidly. 
          At four percent annual inflation, a fixed annuity will
          lose about one third of its real value in a ten-year
          period.