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by andzt 3857 days ago
As a correction to your assumption and other comments in this thread, charitable trusts (depending on the many ways you can set these up) do not guarantee ANY money will ever be given to charity. Most require a distribution, but many do not dictate how this distribution is to be used or put a limit on how much can be distributed (although large distributions may still incur taxes). It's often used as a way to pass on an inheritance to avoid or limit tax consequences.
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> Most require a distribution, but many do not dictate on how this distribution is to be used or put a limit on how much can be distributed. It's often used as a way to pass on an inheritance to avoid or limit tax consequences.

Yes but you can write the documents in such a way that it is required. In other words, I'd be willing to give him the benefit of the doubt that it was legally structured that way which is possible with such trusts.