Since the iCLAT, like all charitable lead trusts, makes ongoing charitable payments on an annual (or a more frequent basis) over a specific period of time, the iCLAT is best suited for givers who already make regular annual gifts to one or more charities, or who perhaps plan to make such recurring gifts in the near future. Remember, the historically low IRS §7520 interest rates continue to allow the iCLAT to generate a very large "accelerated" and immediate 170(c) charitabl

What is an "iCLAT"? It is simply another name for the "reversionary" form of charitable lead annuity trust, which is a "grantor trust" for federal income tax purposes. As some of you may already understand, reversionary charitable lead trusts (CLTs) have been around for decades and are much easier to establish, explain and administer in comparison to traditional CLTs. This is because reversionary CLTs (i.e. "iCLATs"), which simply revert back to the donor at the end of char