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What does CLAT stand for?

CLAT stands for Charitable Lead Annuity Trust

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of CLAT

Other Resources:
We have 8 other meanings of CLAT in our Acronym Attic

Samples in periodicals archive:

The so-called shark-fin charitable lead annuity trust offers relatively low charitable payouts in the trust's early years, but the amount going to charity balloons at the end of the trust's term.
And this spring, thanks to a $30 million gift from the Louis Feil Charitable Lead Annuity Trust, the Weill Cornell Medical Center laboratory research building on East 61st Street was named the Gertrude and Louis Feil Family Research Building, in honor of the parents of board of overseers member and real estate leader Jeffrey Feil and his sister, Carole Feil.
In addition, the uncertainty of upcoming Congressional action before the scheduled reinstatement of the federal estate tax on January 1, 2011 has caused many families and individuals to consider various types of such gift strategies, including outright gifts and gifts leveraged by trusts, such as grantor retained annuity trusts ("GRATs") and charitable lead annuity trusts ("CLATs").
The decedent's will provided that if the daughter disclaimed any portion of the bequest, 75% of the disclaimed portion would go to a charitable lead annuity trust (CLAT) (the annuity interest passing to the family foundation and the remainder interest passing to the daughter, if living at the end of the annuity term) and 25% would go to the family foundation outright.
This article will discuss, in general terms, various wealth transfer opportunities, such as intra-family loans, outright gifts, sales to intentionally defective grantor trusts (IDGTs), grantor retained annuity trusts (GRATs) and charitable lead annuity trusts (CLATs), that may be appropriate during this turbulent economic environment.