Trust Tool – General Considerations for Charitable Trusts
Updated 08/06/2026
This document provides a general overview of selected charitable trusts. It is intended to offer foundational information and highlight key characteristics of charitable trusts that may be available through banks’ Trust and/or Wealth Management departments. This document does not constitute legal or tax advice, nor is it a substitute for official legal or tax documentation.
Rule: Federal Deposit Insurance Corporation (FDIC) Trust Examination Manual, Section 4: Compliance/Account Administration – Personal and Charitable Accounts; Office of the Comptroller of the Currency (OCC) Handbook: Personal Fiduciary Activities; Internal Revenue Service (IRS) Exemption Requirements – 501(c)(3) organizations; IRS 20 USC 170; IRS 26 USC 664; State laws may apply.
Toolkit: Trust
Keywords: Charitable Trust Account, Charitable Remainder Trust (CRT), Charitable Lead Trust (CLT) Account, Revocable Trust, Donor-Advised Fund, Charitable Trusts Overview, General Considerations for Charitable Trusts.
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Please note that this tool is part of Compliance Hub’s Trust Add-On, which includes trust and wealth management resources and webinars. If your bank has already obtained this add-on, you will have access to these resources. If you would like to learn more, please reach out to our Membership Services team.
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