Charitable Trust: 

In addition to generating goodwill, philanthropy through charitable contributions has significant income and estate tax benefits for donors. A great way to accomplish this goal is through the use of charitable trusts.  A charitable trust is not tax exempt, and its unexpired interests are usually devoted to one or more charitable purposes. A charitable trust is allowed a charitable contribution deduction and is usually considered organized as of the first day on which it is funded with amounts for which a deduction was allowed.