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Changing times: an analysis of the 2007 revision of the Split-Interest Trust Information Return.

Provisions outlined in the Pension Protection Act of 2006 resulted in a major revision of Form 5227, Split-Interest Trust Information Return, for Tax Year 2007. These changes considerably increased the amount of information filers were required to report, as well as opened the majority of the reported information to public inspection. This article focuses on the information and activities of split-interest trusts for Filing Year 2008, based on Tax Year 2007 returns and, to a much lesser degree, those from prior tax years.

Form 5227

The Split-Interest Trust Information return is filed by trusts with both charitable and noncharitable beneficiaries. Form 5227 must be submitted for each calendar year a split-interest trust is in existence. It must be filed with the IRS by April 15 of the year following the calendar year described in the return. (1) Because Form 5227 is an information return, it is used to disclose the financial activities of the trust, but not to calculate tax liability.

A split-interest trust can be created by a will or a trust instrument. The trust instrument specifies the term of the trust, designates the trustee(s) as well as the beneficiaries, and provides parameters for managing assets and distributing income. The instrument usually specifies the contents of the trust. The individual who owns, and then transfers, the assets that make up the trust corpus is known as the grantor. The individuals and entities that receive income are known as beneficiaries.

A trustee is charged with holding, investing, and distributing the income and assets of the trust. A trustee may be an individual, a group of individuals, or an entity such as a bank or charity. Each trustee must ensure that all transactions, including distributions, conform to the requirements of the trust document and to any applicable laws. Additionally, trustees must coordinate the preparation, verification, and submission of all required State and Federal tax forms.

In Filing Year 2008, 123,498 Forms 5227 were filed, primarily for Tax Year 2007 (Figure A). (2) There are three distinct types of split-interest trusts: charitable remainder trusts, charitable lead trusts, and pooled income funds. Charitable remainder trusts were the most common filers of Form 5227, filing 115,489 returns in 2008. Under a charitable remainder trust (CRT) agreement, an income stream is distributed annually to one or more noncharitable beneficiaries of the trust for a defined period. (3) At the conclusion of the period, the trust is dissolved, and the remaining value is distributed to predetermined charitable beneficiaries. (4) There are two types of charitable remainder trusts. Charitable remainder annuity trusts (CRATs) and charitable remainder unitrusts (CRUTs) differ in the calculation of the noncharitable distribution amount. Charitable remainder annuity trusts annually distribute a fixed percentage, between 5 percent and 50 percent, of the initial fair market value of the property in the trust. Charitable remainder unitrusts distribute a fixed percentage of the fair market value of the trust property, valued annually. This percentage is called the "unitrust percentage" and must be between 5 percent and 50 percent.

Under a charitable lead trust (CLT) agreement, annual distributions are made to a predetermined charitable beneficiary. The amount of CLT distributions is not constrained by minimum or maximum payout restrictions. At the conclusion of the trust's predetermined life, the remaining income and assets are distributed to the designated noncharitable beneficiary. (5)

Pooled income funds are the least common filers of Form 5227, with 1,488 returns filed in 2008 (Figure A). Under a pooled income fund (PIF) arrangement, donors to a charitable organization contribute to a pool of donated assets and in return receive income payments for the remainder of the grantors' lifetimes. (6) The transfer of assets to the fund must be irrevocable, meaning the assets cannot be removed or replaced with other assets without consent of the beneficiary. The donee charity, commonly a large educational institution, is responsible for the maintenance of the fund, including investing assets and making distributions to beneficiaries. Each year, grantors receive a distribution from the fund based on the ratio of their contributions to the value of the investment pool and the return on the fund assets for that year. At the time of the donor's death, the charity receives the grantor's prorated share of the value of the PIF.

Pension Protection Act of 2006

Section 1201(b) of the Pension Protection Act of 2006 resulted in several changes for split-interest trust filers. One prominent change is that the majority of information from the Form 5227 is now open to public inspection. This includes income, deductions, charitable distributions, and asset valuations. The only information that remains private is Schedule A, Distributions, Assets, and Donor Information, which details all information directly related to individuals and noncharitable entities, including noncharitable distributions and contributions of assets to the trust.

Income and Deduction

As a result of the Pension Protection Act of 2006, trustees must now report an amount for gross income for all split-interest trusts. While the definition of gross income is dependent on the trust documentation, it is generally defined as the sum of all income from any source prior to deductions. In total, split-interest trust filers reported $23.4 billion in gross income (Figure B). The most common return type, charitable remainder unitrusts, also accounted for the highest amount of gross income, $18.9 billion. However, returns filed for charitable lead trusts reported the highest average gross income per return. These 6,521 CLT returns reported gross income of $3.3 billion, or roughly $500,000 per return.

Beginning with Tax Year 2007, a charitable remainder trust that incurred any taxable income was required to file Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code. (7) Previously, taxable income of charitable remainder trusts was reported on Form 1041, U.S. Income Tax Return for Estates and Trusts. In Filing Year 2008, filers of 202 charitable remainder trust returns reported the receipt of unrelated business income on Form 5227.

The reporting requirements prompted by the Pension Protection Act of 2006 resulted in several alterations to the structure of Form 5227. The Income and Deduction portion, reorganized and expanded, is now required, at least in part, for all trust types. In the past, it was required only for charitable remainder trusts. Trust income is divided into three income categories: ordinary income, capital gains, and nontaxable income. While the ordinary income and capital gain sections remain largely unchanged, nontaxable income is now broken down into tax-exempt interest and other nontaxable income. Capital gains made up the majority of trust income for all trust types with the exception of pooled income funds (Figure C). As in previous years, long-term capital gains comprised more than 90 percent of total capital gains. Dividends and business income made up the largest portion of ordinary income for all trust types, while farm income was by far the smallest component of ordinary income. Nontaxable income contributed very little to trust income, and nearly all of that was classified as tax-exempt interest.

For Tax Year 2007, deductions for all income categories are itemized in more detail than in previous form revisions. Trustees fees and attorney, accountant, and return preparer fees are now included as separate line items. Charitable remainder annuity trust filers reported trustee's fees as the largest deduction (Figure C). Other allowable deductions were the largest deduction category for all other split-interest trust types. In the final section of this part, charitable remainder trusts are required to allocate the total deduction amount to specific income categories.

In Tax Year 2007, a Schedule of Distributable Income replaces the Accumulation Schedule which was included in the previous versions of the form. It details only income retained from previous years and income received during the current year. Distribution information, which had been reported on this schedule, is now detailed in a separate section of the return. Additionally, distributions of capital gains are no longer reported separately for short- and long-term categories.

Distributions to Charitable Beneficiaries

Trustees for all split-interest trusts must report any trust distributions of principal or income for charitable purposes on Form 5227. They must disclose the name and address of the beneficiary, as well as the type, amount, and intended use of the distribution. Distributions of principal were made more frequently and in higher dollar amounts than distributions of income. In Filing Year 2008, 15,025 distributions of principal totaling $2.0 billion were made to charities (Figure D). Charitable lead trusts made the highest number of distributions of principal, largely due to the annual charitable distributions required by their trust structures. However, charitable remainder unitrusts distributed the largest dollar amount of principal distributions, $1.2 billion. This large amount is likely the result of the final distributions made by charitable remainder trusts at the end of their lifetimes. These distributions include all assets remaining in the trust and can be quite large. Education-related charities received the highest number of distributions of principal, 3,185 or 21.2 percent of total distributions. However, charities related to public or societal benefit received the largest amount of principal distributions, $612.8 million or 31.4 percent of the total.

Distributions of income to charity were less frequent and smaller in amount than those derived from principal. In total, 10,967 distributions of income were made to charitable beneficiaries totaling $1.1 billion (Figure E). As would be expected given their structures, charitable lead trusts dominated both the number and amount of charitable distributions of income. As with principal distributions, education-oriented charities received the highest number of distributions of income, while charities organized for public or societal benefit received the highest amount of income distributions.

Required Distributions by Charitable Remainder Unitrusts

In Filing Year 2008, the majority of all CRUT trustees reported the standard structure, which requires them to distribute a fixed percentage of the fair market value of assets to beneficiaries (Figure F). This ensures the most stable payment for beneficiaries. However, in years of poor investment performance, the trustee may have to liquidate trust assets to make the payment. In addition to the standard charitable remainder unitrust structure, two common variants allow for added flexibility of noncharitable distributions. The Charitable Remainder Unitrust (CRUT) Information section now includes checkboxes for trustees to indicate if the CRUT has taken the form of one of these variants. The net income charitable remainder unitrust (NI-CRUT) variant permits the trustee to distribute only the amount of trust income earned in that year, when that amount is less than the distribution that would otherwise be required. (8) By allowing the trustee to limit distributions in years when the trust's income is low, depletion of the trust corpus can be avoided. Only 4.8 percent of CRUTs were identified as NI-CRUTs. The net income with makeup charitable remainder unitrust (NIM-CRUT) variant works like a NI-CRUT, in that the trustee is allowed to distribute the lesser of the trust income or the required percentage of fair market value. (9) However, the reductions in required distributions accumulate, and the trustee must make up for previous distribution deficiencies when trust income permits. Approximately 17.5 percent of CRUTS were identified as NIM-CRUTs. CRUTs with $3 million or more in end-of-year book value assets were more likely than those of any other size to be NIM-CRUTs.

Trustees filing final returns for CRUTs are required to include the initial fair market value of all assets placed in the trust by the donor. Of the 2,476 final returns filed for CRUTs, 1,113 returns, or 45.0 percent, reported an initial fair market value of greater than zero. The reported initial fair market value of assets in these trusts totaled $1.1 billion. An initial fair market value of zero may be reported if no assets were included in the trust at its creation, as in the case of a trust created in anticipation of a financial windfall. Additionally, preparers may not have included an initial fair market value if those records were not available.

Nondisclosable Information

Schedule A, Distributions, Assets, and Donor Information, is the only portion of the new Form 5227 that is not open to public inspection. All information regarding individuals and noncharitable entities is now reported in this section. An Accumulation Schedule contains the distribution information not included in the Distributable Income Schedule, but is required only for charitable remainder trusts. This accumulation schedule includes totals of charitable and noncharitable distributions made from ordinary income, capital gains, and nontaxable income. It also calculates the amount of income from each category that remains undistributed at the end of the tax year.

The Current Distributions Schedule on Schedule A details current-year noncharitable distributions in a format similar to distribution schedules included on previous Form 5227 revisions, and is required only for returns filed for CRATs or CRUTs. The recipients' names and other identifying information are reported alongside the distribution types and values. Long-term capital gains dominated the distributions for both CRATs and CRUTs (Figure G). Ordinary income was the second most common distribution. Nontaxable income comprised the smallest portion of all distributions.

The Assets and Donor Information section of Schedule A details both initial and additional asset contributions to the trust, as well as the date and source of the contribution. For the first time, for Tax Year 2007, filers of all split-interest trust types are required to report assets contributed to the trust. 6.0 percent of all split-interest trust filers reported asset contributions of some kind (Figure H). Pooled income fund trustees were the most likely of any SIT type to report contributions. This may be explained by the structure of a pooled income fund, in which multiple donors join the fund over its lifetime, contributing assets as they join. Of the 7,374 returns that reported asset contributions, 63.8 percent were initial returns. These initial returns also reported 65.2 percent of the value of all contributions. Stocks were the most common form of both initial and additional contributions. Bonds were by far the least common contribution, making up only 0.4 percent of the total.

Summary

In part due to the Pension Protection Act of 2006, major revisions were made to the Form 5227, Split-Interest Trust Information Return, for Tax Year 2007. These revisions increased the information reported for all types of split-interest trusts. Preparers of returns for charitable lead trusts and pooled income funds are now required to report trust income. All split-interest trust types must disclose the names of charities that receive distributions, as well as the amount and type of the distribution. Charitable remainder unitrusts must now disclose details regarding their distribution structures as determined at their creation. All initial and additional contributions to split-interest trusts must be reported. In addition to these structural changes, the Pension Protection Act of 2006 required that all reported information not pertaining to an individual be disclosed to the public. Details relating to noncharitable beneficiaries and donations to the trust throughout its lifetime remain private.

Data Sources and Limitations

The data presented in this article were collected from a sample of Forms 5227, Split-Interest Trust Information Returns, selected during Filing Year 2008. A filing year includes returns received by IRS for processing between January 1 and December 31 of a given year and primarily comprises returns for the tax year immediately prior. However, it may include late-filed returns for numerous other tax years. For Filing Year 2008, approximately 98.0 percent of returns included in the sample are for Tax Year 2007, while Tax Year 2006 returns comprised 1.7 percent of the sampled returns. Partial-year returns, for either initial or final reporting periods, were included in the SOI sample. All returns included in the sample were computer-designated at the IRS Ogden Submission Processing Center after posting to the IRS Master File.

For Filing Year 2008, a sample of 12,894 returns was drawn from an estimated population of 124,267. The sample size excludes returns that were selected for the sample but later rejected. Returns could be rejected if they were not one of the four types of trusts included in the study or if no money amounts were reported. The sample was stratified by the type of the trust (charitable remainder annuity trust, charitable remainder unitrust, charitable lead trust, or pooled income fund) and the reported book value of end-of-year total assets. Figure I details the sampling strata and rates. The magnitude of sampling error for selected items, measured by coefficients of variation, is shown in Figure J.

All samples were designed to provide reliable estimates of financial activity. All data were collected from original returns as they were filed. All edited returns were subjected to comprehensive testing and data verification procedures to ensure the highest quality of data. Changes that were made to the return after filing, either by the taxpayer (on an amended return) or during IRS processing, were generally not incorporated. A complete discussion of the reliability of estimates based on samples, methods for evaluating the magnitude of both sampling and nonsampling error, and the precision of the sample estimates can be found in the Appendix in this issue of the SOI Bulletin.

(1) Split-interest trusts created before May 27, 1969, are exempt from having to file Form 5227, as long as no amounts have been transferred to the trust since May 27, 1969.

(2) A filing year includes all returns submitted to IRS processing between January 1 and December 31.

(3) The period may be either a fixed duration, statutorily limited to 20 years, or the lifetime of a noncharitable beneficiary. For more information on the allowable duration of charitable remainder trusts, see Internal Revenue Code section 664(d)(1)(A) and 664(d)(2)(A).

(4) The qualifications for a "charitable beneficiary" are detailed in Internal Revenue Code section 170(c).

(5) In order to qualify, the individual or individuals must be the donor, the donor's spouse, a linear ancestor of a noncharitable beneficiary, or the spouse of a linear ancestor of a noncharitable beneficiary. For more information, see Treasury Regulations 1.1170A-6(c)(2)(i).

(6) Pooled income funds are further discussed under Internal Revenue Code section 642(c)(5).

(7) Any income received by a charitable remainder trust that is the result of a trade or business not substantially related to its exempt purpose is subject to tax. For more information, see IRS Publication 598, Tax on Unrelated Business Income of Exempt Organizations.

(8) For more information regarding net income charitable remainder unitrusts, see Internal Revenue Code section 664(d)(3)(A).

(9) For more information regarding net income with makeup charitable remainder unitrusts, see Internal Revenue Code section 664(d)(3)(B).

Lisa Schreiber Rosenmerkel is an economist with the Special Studies Special Projects Section. This article was prepared under the direction of Melissa Ludlum, Chief.
Table 1. Charitable Remainder Annuity Trusts: Income and Deductions,
by Size of End-of-Year Book Value of Total Assets, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of end-
 of-year book
 value of
 total assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 19,241 15,523
Total net income [2] 1,034,077 201,457
 Net ordinary income [3] 290,294 68,666
 Total ordinary income 356,674 84,900
 Interest income 99,488 22,688
 Dividends and business income
 (loss) 212,839 48,599
 Rents, royalties, partnerships,
 other estates, and trusts, etc. 17,566 3,160
 Farm income (loss) * 116 0
 Ordinary gain (loss) 458 [4]
 Other income 26,206 10,453
 Deductions allocable to ordinary
 income [5] 66,380 16,234
 Net capital gains (losses) [6] 711,568 126,114
 Total capital gains (losses) 722,873 130,293
 Total short-term capital gains
 (losses) 20,531 4,832
 Total long-term capital gains
 (losses) 702,342 125,460
 Deductions allocable to capital
 gains [5] 11,305 4,179
 Net nontaxable income [7] 32,215 6,676
 Total nontaxable income 35,296 7,130
 Tax-exempt interest 32,883 6,627
 Other nontaxable income 2,413 502
 Deductions allocable to nontaxable
 income [5] 3,081 453
 Total deductions [8] 82,968 22,857
 Interest 1,187 * 344
 Taxes 878 235
 Trustee fee 41,501 10,661
 Attorney, accountant, and return
 preparer fees 13,371 5,931
 Other allowable deductions 26,031 5,687

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 1,915 1,348
Total net income [2] 125,519 261,903
 Net ordinary income [3] 36,171 64,686
 Total ordinary income 45,329 83,446
 Interest income 13,449 22,611
 Dividends and business income
 (loss) 28,891 45,973
 Rents, royalties, partnerships,
 other estates, and trusts, etc. * -6 3,106
 Farm income (loss) 0 * 62
 Ordinary gain (loss) 0 359
 Other income 2,994 11,334
 Deductions allocable to ordinary
 income [5] 9,158 18,760
 Net capital gains (losses) [6] 83,690 189,408
 Total capital gains (losses) 85,811 192,335
 Total short-term capital gains
 (losses) 1,990 5,639
 Total long-term capital gains
 (losses) 83,821 186,696
 Deductions allocable to capital
 gains [5] 2,121 2,927
 Net nontaxable income [7] 5,658 7,809
 Total nontaxable income 6,418 8,667
 Tax-exempt interest 6,260 8,109
 Other nontaxable income * 158 * 558
 Deductions allocable to nontaxable
 income [5] 760 858
 Total deductions [8] 12,143 22,545
 Interest * 2 380
 Taxes * 21 389
 Trustee fee 7,626 11,262
 Attorney, accountant, and return
 preparer fees 1,364 2,753
 Other allowable deductions 3,129 7,761

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 378 76
Total net income [2] 164,689 280,510
 Net ordinary income [3] 48,991 71,780
 Total ordinary income 60,038 82,961
 Interest income 17,521 23,219
 Dividends and business income
 (loss) 33,501 55,875
 Rents, royalties, partnerships,
 other estates, and trusts, etc. 8,293 3,012
 Farm income (loss) * 54 0
 Ordinary gain (loss) * 93 * 6
 Other income 576 * 849
 Deductions allocable to ordinary
 income [5] 11,048 11,181
 Net capital gains (losses) [6] 106,783 205,574
 Total capital gains (losses) 108,396 206,038
 Total short-term capital gains
 (losses) 698 7,371
 Total long-term capital gains
 (losses) 107,698 198,667
 Deductions allocable to capital
 gains [5] 1,613 465
 Net nontaxable income [7] 8,915 3,157
 Total nontaxable income 9,810 3,271
 Tax-exempt interest 9,016 2,870
 Other nontaxable income * 795 * 400
 Deductions allocable to nontaxable
 income [5] 895 114
 Total deductions [8] 13,663 11,760
 Interest 367 * 94
 Taxes 146 87
 Trustee fee 7,404 4,548
 Attorney, accountant, and return
 preparer fees 1,019 2,303
 Other allowable deductions 4,727 4,727

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by trusts filing a final return.

[2] Calculated as the sum of "net ordinary income" (Form 5227, Part
I, Section E, line 24b), "net capital gains (losses)" (line 25b),
and "net nontaxable income" (line 26b).

[3] Taken from Form 5227, Part I, Section E, line 24b.

[4] Value is less than $500.

[5] Included in "total deductions" amount given on Form 5227,
Part I, Section D, line 22.

[6] Taken from Form 5227, Part I, Section E, line 25b.

[7] Taken from Form 5227, Part I, Section E, line 26b.

[8] Taken from Form 5227, Part I, Section D, line 22.

NOTE: Detail may not add to totals due to rounding.

Table 2. Charitable Remainder Annuity Trusts: Accumulation and
Distribution Information, by Size of End-of-Year Book Value of
Total Assets, Filing Year 2008

[All figures are estimates based on samples--money
amounts are in thousands of dollars]

 Size of
 end-of-year
 book value
 of total
 assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 19,241 15,523
Total accumulations [2] 5,479,622 1,059,997
 Net ordinary income 482,906 111,952
 Net capital gains (losses) 4,830,096 917,369
 Net nontaxable income 166,620 30,676
 Prior-year undistributed income [3] 4,445,544 858,540
 Net ordinary income 192,612 43,286
 Net capital gains (losses) 4,118,527 791,255
 Net nontaxable income 134,404 24,000
 Current-year net income [4] 1,034,077 201,457
 Net ordinary income 290,294 68,666
 Net capital gains (losses) 711,568 126,114
 Net nontaxable income 32,215 6,676
Distributions of income [5] 638,160 195,566
 Net ordinary income 243,851 62,038
 Net capital gains (losses) 372,694 127,492
 Net nontaxable income 21,616 6,037
Undistributed at end of year [6] 4,841,461 864,431
 Net ordinary income 239,055 49,915
 Net capital gains (losses) 4,457,402 789,877
 Net nontaxable income 145,004 24,639

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 1,915 1,348
Total accumulations [2] 633,810 1,290,145
 Net ordinary income 39,805 101,315
 Net capital gains (losses) 578,514 1,141,129
 Net nontaxable income 15,491 47,701
 Prior-year undistributed income [3] 508,291 1,028,242
 Net ordinary income 3,634 36,629
 Net capital gains (losses) 494,823 951,722
 Net nontaxable income 9,834 39,891
 Current-year net income [4] 125,519 261,903
 Net ordinary income 36,171 64,686
 Net capital gains (losses) 83,690 189,408
 Net nontaxable income 5,658 7,809
Distributions of income [5] 94,468 126,627
 Net ordinary income 34,996 56,543
 Net capital gains (losses) 55,383 65,252
 Net nontaxable income 4,090 4,832
Undistributed at end of year [6] 539,342 1,163,518
 Net ordinary income 4,809 44,772
 Net capital gains (losses) 523,131 1,075,877
 Net nontaxable income 11,402 42,868

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 378 76
Total accumulations [2] 1,086,976 1,408,694
 Net ordinary income 122,912 106,922
 Net capital gains (losses) 907,392 1,285,692
 Net nontaxable income 56,672 16,080
 Prior-year undistributed income [3] 922,287 1,128,184
 Net ordinary income 73,922 35,142
 Net capital gains (losses) 800,609 1,080,119
 Net nontaxable income 47,756 12,923
 Current-year net income [4] 164,689 280,510
 Net ordinary income 48,991 71,780
 Net capital gains (losses) 106,783 205,574
 Net nontaxable income 8,915 3,157
Distributions of income [5] 105,157 116,342
 Net ordinary income 40,533 49,741
 Net capital gains (losses) 59,129 65,438
 Net nontaxable income 5,495 * 1,162
Undistributed at end of year [6] 981,819 1,292,352
 Net ordinary income 82,379 57,181
 Net capital gains (losses) 848,263 1,220,254
 Net nontaxable income 51,177 14,918

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero.
Often, these zero amounts are explained by trusts filing a final
return.

[2] Taken from Form 5227, Part II, line 29.

[3] Taken from Form 5227, Part II, line 27.

[4] Taken from Form 5227, Part II, line 28.

[6] Taken from Form 5227, Schedule A, Part I, line 3.

NOTE: Detail may not add to totals due to rounding.

Table 3. Charitable Remainder Annuity Trusts: Book Value
Balance Sheet Information, by Size of End-of-Year Book
Value of Total Assets, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of end-
 of-year book
 value of
 total assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 19,241 15,523
Total net assets [2] 8,931,574 1,739,747
 Total assets [3] 9,089,552 1,794,277
 Cash 196,050 45,960
 Savings and temporary cash investments 692,664 108,502
 Accounts receivable 7,220 2,068
 Receivables due from officers,
 directors, trustees, etc. * 1,220 * 725
 Other notes and loans receivable 121,408 21,266
 Inventories for sale or use * 1,094 0
 Prepaid expenses and deferred charges 1,511 * 365
 Total investments 7,781,648 1,533,177
 Securities 6,344,419 1,222,564
 Government obligations 1,018,574 154,869
 Corporate stock 4,250,440 849,286
 Corporate bonds 1,075,405 218,410
 Land, buildings, and equipment 95,898 18,469
 Other investments 1,341,331 292,144
 Charitable purpose land, buildings,
 and equipment 74,950 * 3,671
 Other assets 211,783 78,541
 Total liabilities [4] 157,979 54,530
 Accounts payable and accrued expenses 20,501 11,115
 Deferred revenue * 6,474 * 1,951
 Loans from officers, directors,
 trustees, etc. * 4,624 * 74
 Mortgages and other notes payable 14,526 * 12,148
 Other liabilities 111,853 29,242

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 1,915 1,348
Total net assets [2] 1,361,884 2,100,869
 Total assets [3] 1,369,152 2,132,736
 Cash 48,558 51,497
 Savings and temporary cash investments 100,450 163,666
 Accounts receivable 2,918 716
 Receivables due from officers,
 directors, trustees, etc. 0 * 494
 Other notes and loans receivable * 8,270 49,983
 Inventories for sale or use 0 * 1,094
 Prepaid expenses and deferred charges * 65 * 1,064
 Total investments 1,145,586 1,770,501
 Securities 992,592 1,463,202
 Government obligations 148,999 266,648
 Corporate stock 658,708 950,644
 Corporate bonds 184,885 245,910
 Land, buildings, and equipment 0 42,972
 Other investments 152,994 264,328
 Charitable purpose land, buildings,
 and equipment * 8,293 35,875
 Other assets 55,011 57,844
 Total liabilities [4] 7,268 31,866
 Accounts payable and accrued expenses * 4,398 2,399
 Deferred revenue 0 * 4,523
 Loans from officers, directors,
 trustees, etc. 0 * 3,411
 Mortgages and other notes payable 0 * 1,978
 Other liabilities 2,870 19,556

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 378 76
Total net assets [2] 1,805,000 1,924,074
 Total assets [3] 1,854,089 1,939,299
 Cash 31,819 18,216
 Savings and temporary cash investments 167,996 152,050
 Accounts receivable * 146 1,371
 Receivables due from officers,
 directors, trustees, etc. 0 0
 Other notes and loans receivable * 6,214 * 35,676
 Inventories for sale or use 0 0
 Prepaid expenses and deferred charges * 17 0
 Total investments 1,614,710 1,717,674
 Securities 1,364,436 1,301,624
 Government obligations 280,739 167,320
 Corporate stock 867,980 923,822
 Corporate bonds 215,717 210,483
 Land, buildings, and equipment * 23,955 * 10,503
 Other investments 226,319 405,547
 Charitable purpose land, buildings,
 and equipment * 15,285 * 11,825
 Other assets 17,901 * 2,486
 Total liabilities [4] 49,089 15,225
 Accounts payable and accrued expenses * 2,412 * 177
 Deferred revenue 0 0
 Loans from officers, directors,
 trustees, etc. * 1,139 0
 Mortgages and other notes payable * 400 0
 Other liabilities 45,138 15,049

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by trusts filing a final return.

[2] Taken from Form 5227, Part IV, line 59, column (b). This is the
excess of total assets over total liabilities. This value may
deviate from the calculated value of total assets (line 50, column
(b)) less total liabilities (line 56, column (b)) due to taxpayer
reporting discrepancies.

[3] Taken from Form 5227, Part IV, line 50, column (b).

NOTE: Detail may not add to totals due to rounding.

Table 4. Charitable Remainder Unitrusts: Income and Deductions,
by Size of End-of-Year Book Value of Total Assets, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of end-
 of-year book
 value of
 total assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 96,248 64,776
Total net income [2] 15,849,541 1,410,064
 Net ordinary income [3] 4,150,275 426,148
 Total ordinary income 5,558,935 528,163
 Interest income 1,408,761 116,624
 Dividends and business income
 (loss) 2,489,098 323,035
 Rents, royalties, partnerships, 206,419 11,046
 other estates, and trusts, etc.
 Farm income (loss) * 52 0
 Ordinary gain (loss) 10,222 235
 Other income 1,444,382 77,222
 Deductions allocable to ordinary
 income [4] 1,408,659 102,015
 Net capital gains (losses) [5] 11,599,107 974,238
 Total capital gains (losses) 12,261,621 994,334
 Total short-term capital gains
 (losses) 313,048 29,828
 Total long-term capital gains
 (losses) 11,948,572 964,505
 Deductions allocable to capital
 gains [4] 662,513 20,096
 Net nontaxable income [6] 100,159 9,678
 Total nontaxable income 116,134 11,234
 Tax-exempt interest 102,809 9,096
 Other nontaxable income 13,325 2,138
 Deductions allocable to nontaxable
 income [4] 15,974 1,556
 Total deductions [7] 2,089,890 125,945
 Interest 626,421 1,234
 Taxes 10,555 999
 Trustee fee 251,187 62,771
 Attorney, accountant, and return
 preparer fees 60,213 22,444
 Other allowable deductions 1,141,514 38,496

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 16,100 11,317
Total net income [2] 1,170,593 2,255,053
 Net ordinary income [3] 339,167 568,085
 Total ordinary income 415,257 686,128
 Interest income 105,893 185,799
 Dividends and business income
 (loss) 276,293 404,079
 Rents, royalties, partnerships, 9,080 23,851
 other estates, and trusts, etc.
 Farm income (loss) * 12 * -372
 Ordinary gain (loss) 1,102 787
 Other income 22,877 71,984
 Deductions allocable to ordinary
 income [4] 76,090 118,043
 Net capital gains (losses) [5] 816,971 1,658,582
 Total capital gains (losses) 833,057 1,682,850
 Total short-term capital gains
 (losses) 18,660 67,631
 Total long-term capital gains
 (losses) 814,396 1,615,219
 Deductions allocable to capital
 gains [4] 16,086 24,268
 Net nontaxable income [6] 14,455 28,386
 Total nontaxable income 17,116 33,483
 Tax-exempt interest 15,108 30,228
 Other nontaxable income 2,007 3,255
 Deductions allocable to nontaxable
 income [4] 2,661 5,096
 Total deductions [7] 94,958 147,741
 Interest 119 2,220
 Taxes 1,109 2,676
 Trustee fee 49,501 68,484
 Attorney, accountant, and return
 preparer fees 10,838 13,078
 Other allowable deductions 33,391 61,284

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 3,191 864
Total net income [2] 2,201,218 8,812,613
 Net ordinary income [3] 462,289 2,354,587
 Total ordinary income 556,048 3,373,339
 Interest income 147,428 853,018
 Dividends and business income
 (loss) 353,879 1,131,812
 Rents, royalties, partnerships, 29,506 132,936
 other estates, and trusts, etc.
 Farm income (loss) * 413 0
 Ordinary gain (loss) 462 7,635
 Other income 24,360 1,247,939
 Deductions allocable to ordinary
 income [4] 93,758 1,018,753
 Net capital gains (losses) [5] 1,716,173 6,433,143
 Total capital gains (losses) 1,732,251 7,019,129
 Total short-term capital gains
 (losses) 91,337 105,592
 Total long-term capital gains
 (losses) 1,640,914 6,913,536
 Deductions allocable to capital
 gains [4] 16,078 585,985
 Net nontaxable income [6] 22,757 24,883
 Total nontaxable income 27,190 27,111
 Tax-exempt interest 25,994 22,383
 Other nontaxable income 1,195 4,728
 Deductions allocable to nontaxable
 income [4] 4,433 2,228
 Total deductions [7] 114,277 1,606,969
 Interest 4,062 618,787
 Taxes 1,738 4,032
 Trustee fee 42,164 28,267
 Attorney, accountant, and return
 preparer fees 6,881 6,972
 Other allowable deductions 59,432 948,911

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by trusts filing a final return.

[2] Calculated as the sum of "net ordinary income" (Form 5227, Part
I, Section E, line 24b), "net capital gains (losses)" (line 25b),
and "net nontaxable income" (line 26b).

[3] Taken from Form 5227, Part I, Section E, line 24b.

[4] Included in "total deductions" amount given on Form 5227, Part
I, Section D, line 22.

[5] Taken from Form 5227, Part I, Section E, line 25b.

[6] Taken from Form 5227, Part I, Section E, line 26b.

[7] Taken from Form 5227, Part I, Section D, line 22.

NOTE: Detail may not add to totals due to rounding.

Table 5. Charitable Remainder Unitrusts: Accumulation and Distribution
Information, by Size of End-of-Year Book Value of Total Assets, Filing
Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of end-
 of-year book
 value of
 total assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 96,248 64,776
Total accumulations [2] 77,809,045 8,040,139
 Net ordinary income 8,288,064 639,690
 Net capital gains (losses) 69,005,464 7,346,810
 Net nontaxable income 515,517 53,639
 Prior-year undistributed income [3] 61,959,499 6,630,072
 Net ordinary income 4,137,788 213,542
 Net capital gains (losses) 57,406,354 6,372,570
 Net nontaxable income 415,357 43,960
 Current year net income [4] 15,849,541 1,410,064
 Net ordinary income 4,150,275 426,148
 Net capital gains (losses) 11,599,107 974,238
 Net nontaxable income 100,159 9,678
Distributions of income [5] 5,848,837 944,517
 Net ordinary income 2,428,871 379,844
 Net capital gains (losses) 3,382,274 558,181
 Net nontaxable income 37,692 6,493
Undistributed at end of year [6] 71,960,207 7,095,621
 Net ordinary income 5,859,193 259,847
 Net capital gains (losses) 65,623,190 6,788,628
 Net nontaxable income 477,825 47,146

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 16,100 11,317
Total accumulations [2] 6,882,110 12,659,881
 Net ordinary income 453,983 814,333
 Net capital gains (losses) 6,381,050 11,679,890
 Net nontaxable income 47,078 165,658
 Prior-year undistributed income [3] 5,711,517 10,404,827
 Net ordinary income 114,815 246,248
 Net capital gains (losses) 5,564,078 10,021,307
 Net nontaxable income 32,623 137,272
 Current year net income [4] 1,170,593 2,255,053
 Net ordinary income 339,167 568,085
 Net capital gains (losses) 816,971 1,658,582
 Net nontaxable income 14,455 28,386
Distributions of income [5] 795,322 1,284,268
 Net ordinary income 338,164 521,162
 Net capital gains (losses) 448,278 752,619
 Net nontaxable income 8,881 10,487
Undistributed at end of year [6] 6,086,788 11,375,613
 Net ordinary income 115,819 293,171
 Net capital gains (losses) 5,932,772 10,927,271
 Net nontaxable income 38,197 155,171

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 3,191 864
Total accumulations [2] 12,567,932 37,658,983
 Net ordinary income 799,119 5,580,939
 Net capital gains (losses) 11,628,139 31,969,575
 Net nontaxable income 140,673 108,469
 Prior-year undistributed income [3] 10,366,713 28,846,370
 Net ordinary income 336,830 3,226,352
 Net capital gains (losses) 9,911,966 25,536,432
 Net nontaxable income 117,917 83,586
 Current year net income [4] 2,201,218 8,812,613
 Net ordinary income 462,289 2,354,587
 Net capital gains (losses) 1,716,173 6,433,143
 Net nontaxable income 22,757 24,883
Distributions of income [5] 1,131,994 1,692,735
 Net ordinary income 432,326 757,376
 Net capital gains (losses) 693,789 929,407
 Net nontaxable income 5,879 5,952
Undistributed at end of year [6] 11,435,938 35,966,248
 Net ordinary income 366,794 4,823,563
 Net capital gains (losses) 10,934,350 31,040,169
 Net nontaxable income 134,794 102,517

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by trusts filing a final return.

[2] Taken from Form 5227, Part II, line 29.

[3] Taken from Form 5227, Part II, line 27.

[4] Taken from Form 5227, Part II, line 28.

[5] Taken from Form 5227, Schedule A, Part I, line 2b.

[6] Taken from Form 5227, Schedule A, Part I, line 3.

NOTE: Detail may not add to totals due to rounding.

Table 6. Charitable Remainder Unitrusts: Book Value Balance Sheet
Information, by Size of End-of-Year Book Value of Total Assets,
Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of end-
 of-year book
 value of
 total assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 96,248 64,776
Total net assets [2] 98,042,480 11,714,212
 Total assets [3] 99,383,633 11,848,439
 Cash 1,770,126 198,914
 Savings and temporary cash
 investments 5,701,221 784,911
 Accounts receivable 134,409 14,831
 Receivables due from officers,
 directors, trustees, etc. 17,229 2,324
 Other notes and loans receivable 1,009,035 131,142
 Inventories for sale or use * 37 0
 Prepaid expenses and deferred charges 8,719 * 444
 Total investments 88,920,579 10,319,881
 Securities 55,735,098 8,150,797
 Government obligations 5,405,613 498,511
 Corporate stock 42,978,885 6,304,877
 Corporate bonds 7,350,600 1,347,409
 Land, buildings, and equipment 879,894 119,007
 Other investments 32,305,586 2,050,078
 Charitable purpose land, buildings,
 and equipment 260,635 36,468
 Other assets 1,561,621 359,507
 Total liabilities [4] 1,341,153 134,227
 Accounts payable and accrued expenses 197,257 25,691
 Deferred revenue 36,003 * 5,429
 Loans from officers, directors,
 trustees, etc. 4,599 * 2,009
 Mortgages and other notes payable 87,056 * 479
 Other liabilities 1,016,238 100,619

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 16,100 11,317
Total net assets [2] 11,133,987 17,997,731
 Total assets [3] 11,298,533 18,252,910
 Cash 190,427 324,770
 Savings and temporary cash
 investments 775,385 1,305,284
 Accounts receivable 4,934 27,459
 Receivables due from officers,
 directors, trustees, etc. * 5,020 9,452
 Other notes and loans receivable 128,017 294,609
 Inventories for sale or use 0 * 37
 Prepaid expenses and deferred charges * 1,350 4,072
 Total investments 9,872,351 15,794,145
 Securities 8,198,538 12,919,553
 Government obligations 741,545 1,242,821
 Corporate stock 6,152,410 9,935,472
 Corporate bonds 1,304,583 1,741,260
 Land, buildings, and equipment 89,951 205,549
 Other investments 1,583,862 2,669,042
 Charitable purpose land, buildings,
 and equipment * 57,624 88,398
 Other assets 263,421 404,681
 Total liabilities [4] 164,546 255,179
 Accounts payable and accrued expenses 21,022 46,267
 Deferred revenue * 4,632 10,791
 Loans from officers, directors,
 trustees, etc. * 67 * 1,504
 Mortgages and other notes payable 0 * 9,753
 Other liabilities 138,826 186,864

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 3,191 864
Total net assets [2] 15,810,755 41,385,796
 Total assets [3] 16,090,953 41,892,798
 Cash 263,564 792,451
 Savings and temporary cash
 investments 1,100,634 1,735,006
 Accounts receivable 34,274 52,911
 Receivables due from officers,
 directors, trustees, etc. * 411 * 22
 Other notes and loans receivable 265,796 189,471
 Inventories for sale or use 0 0
 Prepaid expenses and deferred charges 1,498 1,355
 Total investments 14,006,494 38,927,707
 Securities 10,787,655 15,678,555
 Government obligations 1,192,821 1,729,914
 Corporate stock 8,441,805 12,144,321
 Corporate bonds 1,153,029 1,804,319
 Land, buildings, and equipment 223,625 241,762
 Other investments 2,995,214 23,007,390
 Charitable purpose land, buildings,
 and equipment 63,259 * 14,885
 Other assets 355,022 178,989
 Total liabilities [4] 280,198 507,002
 Accounts payable and accrued expenses 44,757 59,521
 Deferred revenue * 849 * 14,302
 Loans from officers, directors,
 trustees, etc. 0 * 1,018
 Mortgages and other notes payable * 52,156 * 24,668
 Other liabilities 182,436 407,493

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by trusts filing a final return.

[2] Taken from Form 5227, Part IV, line 59, column (b). This is the
excess of total assets over total liabilities. This value may
deviate from the calculated value of total assets (line 50, column
(b)) less total liabilities (line 56, column (b)) due to taxpayer
reporting discrepancies.

[3] Taken from Form 5227, Part IV, line 50, column (b).

[4] Taken from Form 5227, Part IV, line 56, column (b).

NOTE: Detail may not add to totals due to rounding.

Table 7. Charitable Remainder Unitrusts: End-of-Year Fair Market
Value Balance Sheet Information, by Size of End-of-Year Book Value
of Total Assets, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of end-
 of-year book
 value of
 total assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 96,248 64,776
Total assets [2] 119,198,640 14,733,612
 Cash 1,739,904 202,017
 Savings and temporary cash investments 5,643,598 788,649
 Accounts receivable 142,888 24,173
 Receivables due from officers,
 directors, trustees, etc. 17,131 * 2,237
 Other notes and loans receivable 995,476 137,304
 Inventories for sale or use * 37 0
 Prepaid expenses and deferred charges 8,585 * 390
 Total investments 107,743,772 12,774,213
 Securities 67,160,898 10,023,498
 Government obligations 5,764,157 542,862
 Corporate stock 53,673,962 8,041,703
 Corporate bonds 7,722,779 1,438,932
 Land, buildings, and equipment 1,333,762 370,871
 Other investments 39,249,112 2,379,844
 Charitable purpose land, buildings,
 and equipment 666,711 181,183
 Other assets 2,240,519 623,435

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 16,100 11,317
Total assets [2] 13,325,289 20,635,748
 Cash 203,294 335,079
 Savings and temporary cash investments 760,489 1,294,153
 Accounts receivable 4,670 27,955
 Receivables due from officers,
 directors, trustees, etc. * 5,020 9,441
 Other notes and loans receivable 132,304 282,882
 Inventories for sale or use 0 * 37
 Prepaid expenses and deferred charges * 1,350 4,017
 Total investments 11,616,322 18,124,337
 Securities 9,508,654 14,840,837
 Government obligations 796,486 1,312,779
 Corporate stock 7,346,547 11,714,066
 Corporate bonds 1,365,620 1,813,993
 Land, buildings, and equipment 159,421 295,298
 Other investments 1,948,247 2,988,201
 Charitable purpose land, buildings,
 and equipment * 301,418 101,347
 Other assets 300,417 456,498

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 3,191 864
Total assets [2] 18,802,385 51,701,605
 Cash 265,134 734,380
 Savings and temporary cash investments 1,094,096 1,706,211
 Accounts receivable 33,745 52,345
 Receivables due from officers,
 directors, trustees, etc. * 411 * 22
 Other notes and loans receivable 265,741 177,244
 Inventories for sale or use 0 0
 Prepaid expenses and deferred charges 1,474 1,355
 Total investments 16,601,802 48,627,098
 Securities 13,006,502 19,781,406
 Government obligations 1,250,660 1,861,369
 Corporate stock 10,544,008 16,027,638
 Corporate bonds 1,211,835 1,892,399
 Land, buildings, and equipment 279,847 228,323
 Other investments 3,315,452 28,617,369
 Charitable purpose land, buildings,
 and equipment 65,511 * 17,252
 Other assets 474,471 385,698

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by trusts filing a final return.

[2] Taken from Form 5227, Part IV, line 50.

NOTE: Detail may not add to totals due to rounding.

Table 8. Charitable Lead Trusts: Income, by Size of End-of-Year
Book Value of Total Assets, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of
 end-of-year
 book value
 of total
 assets

 Under
 $500,000
 Total [1]

 Item (1) (2)

Number of returns 6,521 2,736
Total income [2] 2,910,252 399,498
 Total ordinary income 1,225,320 319,138
 Interest income 256,103 16,462
 Dividends and business income (loss) 872,393 290,022
 Rents, royalties, partnerships,
 other estates, and trusts, etc. 78,380 12,016
 Farm income (loss) * 150 0
 Ordinary gain (loss) 5,144 * -26
 Other income 13,149 664
 Total capital gains (losses) 1,659,792 77,512
 Total short-term capital gains (losses) 128,026 -1,766
 Total long-term capital gains (losses) 1,531,766 79,278
 Total nontaxable income 25,140 2,847
 Tax-exempt interest 24,618 2,847
 Other nontaxable income * 522 0

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 $1,000,000 $3,000,000

 Item (3) (4)

Number of returns 1,315 1,453
Total income [2] 87,334 224,592
 Total ordinary income 35,701 106,082
 Interest income 7,582 20,856
 Dividends and business income (loss) 24,838 62,546
 Rents, royalties, partnerships,
 other estates, and trusts, etc. 2,472 20,508
 Farm income (loss) 0 * 75
 Ordinary gain (loss) * 374 213
 Other income * 434 1,885
 Total capital gains (losses) 50,438 114,243
 Total short-term capital gains (losses) -13,200 -14,879
 Total long-term capital gains (losses) 63,639 129,122
 Total nontaxable income 1,194 4,266
 Tax-exempt interest 724 4,257
 Other nontaxable income * 469 * 9

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 $10,000,000 or more

 Item (5) (6)

Number of returns 722 296
Total income [2] 453,171 1,745,658
 Total ordinary income 183,109 581,289
 Interest income 44,700 166,503
 Dividends and business income (loss) 106,199 388,789
 Rents, royalties, partnerships,
 other estates, and trusts, etc. 29,223 14,161
 Farm income (loss) * 75 0
 Ordinary gain (loss) 732 3,851
 Other income 2,180 7,986
 Total capital gains (losses) 265,188 1,152,410
 Total short-term capital gains (losses) 22,318 135,553
 Total long-term capital gains (losses) 242,870 1,016,857
 Total nontaxable income 4,874 11,958
 Tax-exempt interest 4,847 11,942
 Other nontaxable income * 27 * 16

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by trusts filing a final return.

[2] Calculated as the sum of "total ordinary income"
(Form 5227, Part I, Section A, line 8), "total capital gains
(losses)" (Section B, line 13), and "total nontaxable income"
(Section C, line 16).

Table 9. Charitable Lead Trusts: Book Value Balance Sheet
Information, by Size of End-of-Year Book Value of Total Assets,
Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of
 end-of-year
 book value
 of total
 assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 6,521 2,736
Total net assets [2] 19,648,472 490,495
 Total assets [3] 20,024,009 522,256
 Cash 225,875 17,874
 Savings and temporary cash investments 1,451,786 43,147
 Accounts receivable 25,853 4,426
 Receivables due from officers,
 directors, trustees, etc. * 23,180 0
 Other notes and loans receivable 181,617 * 644
 Inventories for sale or use 0 0
 Prepaid expenses and deferred charges 4,086 * 82
 Total investments 16,648,955 443,395
 Securities 8,458,802 372,341
 Government obligations 662,199 36,944
 Corporate stock 7,115,414 315,723
 Corporate bonds 681,189 19,675
 Land, buildings, and equipment 192,156 * 1,888
 Other investments 7,997,997 69,166
 Charitable purpose land, buildings,
 and equipment * 20,344 * 3,366
 Other assets 1,442,312 9,323
 Total liabilities [4] 375,537 31,762
 Accounts payable and accrued expenses 59,809 * 1,832
 Deferred revenue * 870 0
 Loans from officers, directors,
 trustees, etc. * 2,388 * 1,732
 Mortgages and other notes payable 29,996 * 2,314
 Other liabilities 282,474 25,884

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 1,315 1,453
Total net assets [2] 937,160 2,426,813
 Total assets [3] 970,341 2,459,374
 Cash 15,380 54,095
 Savings and temporary cash investments 62,692 186,756
 Accounts receivable * 265 572
 Receivables due from officers,
 directors, trustees, etc. 0 * 12,535
 Other notes and loans receivable * 1,502 32,051
 Inventories for sale or use 0 0
 Prepaid expenses and deferred charges * 235 * 383
 Total investments 874,191 2,132,745
 Securities 645,923 1,646,024
 Government obligations 47,395 120,024
 Corporate stock 547,928 1,350,859
 Corporate bonds 50,599 175,141
 Land, buildings, and equipment * 16,990 * 22,594
 Other investments 211,278 464,127
 Charitable purpose land, buildings,
 and equipment * 7 * 5,735
 Other assets * 16,069 34,502
 Total liabilities [4] 33,181 32,561
 Accounts payable and accrued expenses * 2,879 5,009
 Deferred revenue * 780 * 90
 Loans from officers, directors,
 trustees, etc. * 31 * 362
 Mortgages and other notes payable 0 * 448
 Other liabilities * 29,491 26,651

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 722 296
Total net assets [2] 3,872,968 11,921,036
 Total assets [3] 3,937,028 12,135,010
 Cash 71,771 66,756
 Savings and temporary cash investments 327,855 831,335
 Accounts receivable 14,412 6,178
 Receivables due from officers,
 directors, trustees, etc. 0 * 10,646
 Other notes and loans receivable * 46,793 100,628
 Inventories for sale or use 0 0
 Prepaid expenses and deferred charges * 2,617 * 768
 Total investments 3,363,478 9,835,146
 Securities 1,834,211 3,960,303
 Government obligations 114,564 343,272
 Corporate stock 1,511,768 3,389,136
 Corporate bonds 207,879 227,895
 Land, buildings, and equipment * 39,881 110,803
 Other investments 1,489,386 5,764,040
 Charitable purpose land, buildings,
 and equipment * 11,235 0
 Other assets 98,867 1,283,552
 Total liabilities [4] 64,060 213,973
 Accounts payable and accrued expenses 26,981 23,108
 Deferred revenue 0 * [5]
 Loans from officers, directors,
 trustees, etc. 0 * 263
 Mortgages and other notes payable * 1,452 25,781
 Other liabilities 35,626 164,822

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by trusts filing a final return.

[2] Taken from Form 5227, Part IV, line 59, column (b). This is the
excess of total assets over total liabilities. This value may
deviate from the calculated value of total assets (line 50, column
(b)) less total liabilities (line 56, column (b)) due to taxpayer
reporting discrepancies.

[3] Taken from Form 5227, Part IV, line 56, column (b).

[4] Taken from Form 5227, Part IV, line 50, column (b).

[5] Value is less than $500.

NOTE: Detail may not add to totals due to rounding.

Table 10. Pooled Income Funds: Income and Deductions, by Size
of End-of-Year Book Value of Total Assets, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of end-
 of-year book
 value of
 total assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 1,488 1,143
Total income [2] 115,816 8,712
 Total ordinary income 75,911 5,808
 Interest income 30,840 2,029
 Dividends and business income (loss) 44,890 3,761
 Rents, royalties, partnerships,
 other estates, and trusts, etc. * 59 0
 Farm income (loss) 0 0
 Ordinary gain (loss) 0 0
 Other income 123 * 19
 Total capital gains (losses) 39,900 2,903
 Total short-term capital gains (losses) 2,725 95
 Total long-term capital gains (losses) 37,175 2,808
 Total nontaxable income * 5 0
 Tax-exempt interest * 5 0
 Other nontaxable income 0 0

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 99 145
Total income [2] 3,573 13,940
 Total ordinary income * 3,294 10,650
 Interest income * 973 4,998
 Dividends and business income (loss) * 2,317 5,521
 Rents, royalties, partnerships,
 other estates, and trusts, etc. 0 * 28
 Farm income (loss) 0 0
 Ordinary gain (loss) 0 0
 Other income * 5 103
 Total capital gains (losses) * 279 3,285
 Total short-term capital gains (losses) * -1 -840
 Total long-term capital gains (losses) * 279 4,125
 Total nontaxable income 0 * 5
 Tax-exempt interest 0 * 5
 Other nontaxable income 0 0

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 71 29
Total income [2] 28,000 61,591
 Total ordinary income 17,393 38,766
 Interest income 11,455 11,385
 Dividends and business income (loss) 5,921 27,369
 Rents, royalties, partnerships,
 other estates, and trusts, etc. 0 * 31
 Farm income (loss) 0 0
 Ordinary gain (loss) 0 0
 Other income * 16 * -19
 Total capital gains (losses) 10,607 22,825
 Total short-term capital gains (losses) -1,809 5,279
 Total long-term capital gains (losses) 12,415 17,547
 Total nontaxable income 0 0
 Tax-exempt interest 0 0
 Other nontaxable income 0 0

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by funds filing a final return.

[2] Calculated as the sum of "total ordinary income" (Form 5227,
Part I, Section A, line 8), "total capital gains (losses)" (Section
B, line 13), and "total nontaxable income" (Section C, line 16).

NOTE: Detail may not add to totals due to rounding.

Table 11. Pooled Income Funds: Book Value Balance Sheet Information,
by Size of End-of-Year Book Value of Total Assets, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of end-
 of-year book
 value of
 total assets

 Under
 Item Total $500,000 [1]

 (1) (2)

Number of returns 1,488 1,143
Total net assets [2] 1,457,962 126,739
 Total assets [3] 1,651,505 127,792
 Cash 12,871 2,626
 Savings and temporary cash
 investments 57,323 9,295
 Accounts receivable 1,450 * 13
 Receivables due from officers,
 directors, trustees, etc. * 5 0
 Other notes and loans receivable * 10,685 0
 Inventories for sale or use 0 0
 Prepaid expenses and deferred
 charges * 81 0
 Total investments 1,520,851 99,965
 Securities 908,195 77,473
 Government obligations 112,126 15,313
 Corporate stock 340,783 21,294
 Corporate bonds 455,286 40,866
 Land, buildings, and equipment * 62,796 * 15
 Other investments 549,860 22,478
 Charitable purpose land, buildings,
 and equipment * 8,358 0
 Other assets 39,881 15,892
 Total liabilities [4] 193,543 1,053
 Accounts payable and accrued
 expenses 5,663 * 740
 Deferred revenue * 121,843 0
 Loans from officers, directors,
 trustees, etc. 0 0
 Mortgages and other notes payable * 62,563 0
 Other liabilities 3,474 * 312

 Size of end-of-year book
 value of total assets

 $500,000 $1,000,000
 under under
 Item $1,000,000 $3,000,000

 (3) (4)

Number of returns 99 145
Total net assets [2] 72,449 236,203
 Total assets [3] 72,509 238,593
 Cash * 231 2,560
 Savings and temporary cash
 investments * 3,914 12,641
 Accounts receivable * 44 * 22
 Receivables due from officers,
 directors, trustees, etc. 0 0
 Other notes and loans receivable 0 * 1,803
 Inventories for sale or use 0 0
 Prepaid expenses and deferred
 charges 0 0
 Total investments * 61,452 208,827
 Securities * 48,553 177,713
 Government obligations * 497 13,835
 Corporate stock * 15,475 55,731
 Corporate bonds * 32,582 108,147
 Land, buildings, and equipment 0 * 44
 Other investments * 12,898 31,070
 Charitable purpose land, buildings,
 and equipment 0 0
 Other assets * 6,869 * 12,740
 Total liabilities [4] * 60 2,391
 Accounts payable and accrued
 expenses * 60 * 105
 Deferred revenue 0 * 1,675
 Loans from officers, directors,
 trustees, etc. 0 0
 Mortgages and other notes payable 0 0
 Other liabilities 0 * 611

 Size of end-of-year book
 value of total assets

 $3,000,000
 under $10,000,000
 Item $10,000,000 or more

 (5) (6)

Number of returns 71 29
Total net assets [2] 392,216 630,356
 Total assets [3] 392,630 819,981
 Cash * 2,624 4,830
 Savings and temporary cash
 investments 9,902 21,571
 Accounts receivable * 50 * 1,320
 Receivables due from officers,
 directors, trustees, etc. * 5 0
 Other notes and loans receivable 0 * 8,882
 Inventories for sale or use 0 0
 Prepaid expenses and deferred
 charges * 81 0
 Total investments 376,486 774,121
 Securities 248,541 355,914
 Government obligations 29,106 * 53,375
 Corporate stock 80,811 167,472
 Corporate bonds 138,625 135,066
 Land, buildings, and equipment * 6,174 * 56,563
 Other investments 121,770 361,644
 Charitable purpose land, buildings,
 and equipment 0 * 8,358
 Other assets * 3,482 * 899
 Total liabilities [4] * 414 189,625
 Accounts payable and accrued
 expenses 0 4,757
 Deferred revenue 0 * 120,167
 Loans from officers, directors,
 trustees, etc. 0 0
 Mortgages and other notes payable 0 * 62,563
 Other liabilities * 414 2,137

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Includes returns that did not report the end-of-year book value
of total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by funds filing a final return.

[2] Taken from Form 5227, Part IV, line 59, column (b). This is the
excess of total assets over total liabilities. This value may
deviate from the calculated value of total assets (line 50, column
(b)) less total liabilities (line 56, column (b)) due to taxpayer
reporting discrepancies.

[3] Taken from Form 5227, Part IV, line 50, column (b).

[4] Taken from Form 5227, Part IV, line 56, column (b).

NOTE: Detail may not add to totals due to rounding.

Figure A

Profile of Split-Interest Trusts, by Type of Trust,
Filing Years 2007 and 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 All
 Percentage
 Item 2007 2008 change

 (1) (2) (3)

Number of returns 123,659 123,498 -0.1
Net asset value, 115,391,956 128,080,488 11.0
 end-of-year [1]
 Book value of assets,
 end-of-year [2] 117,605,947 130,148,699 10.7
 Book value of liabilities,
 end-of-year [2] 2,213,991 2,068,211 -6.6

 Charitable remainder trusts

 Percentage
 Item 2007 2008 change

 (4) (5) (6)

Number of returns 115,754 115,489 -0.2
Net asset value, 95,821,559 106,974,054 11.6
 end-of-year [1]
 Book value of assets,
 end-of-year [2] 97,307,466 108,473,185 11.5
 Book value of liabilities,
 end-of-year [2] 1,485,907 1,499,131 0.9

 Charitable lead trusts

 Percentage
 Item 2007 2008 change

 (7) (8) (9)

Number of returns 6,377 6,521 2.3
Net asset value, 18,093,904 19,648,472 8.6
 end-of-year [1]
 Book value of assets,
 end-of-year [2] 18,690,926 20,024,009 7.1
 Book value of liabilities,
 end-of-year [2] 597,022 375,537 -37.1

 Pooled income funds

 Percentage
 Item 2007 2008 change

 (10) (11) (12)

Number of returns 1,528 1,488 -2.6
Net asset value, 1,476,493 1,457,962 -1.3
 end-of-year [1]
 Book value of assets,
 end-of-year [2] 1,607,555 1,651,505 2.7
 Book value of liabilities,
 end-of-year [2] 131,062 193,543 47.7

[1] Calculated as the end-of-year book value of assets (Form 5227,
Part IV, line 37, column (b)) minus the end-of-year book value of
liabilities (line 43, column (b)).

[2] Taken from Form 5227, Part IV, column (b).

NOTE: Detail may not add to totals due to rounding and taxpayer
reporting discrepancies.

Figure B

Gross Income, by Type of Trust, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Charitable
 remainder Charitable
 annuity remainder
 Item Total trusts unitrusts

 (1) (2) (3)

Number of returns 123,498 19,241 96,248
Number of returns with
 gross income 119,729 18,896 93,454
Amount of gross income
 reported 23,422,570 1,116,546 18,882,029

 Charitable Pooled
 lead income
 Item trusts funds

 (4) (5)

Number of returns 6,521 1,488
Number of returns with
 gross income 5,963 1,416
Amount of gross income
 reported 3,284,402 139,594

NOTE: Detail may not add to totals due to rounding.

Figure C

Income and Deductions, by Type of Trust, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Charitable
 remainder Charitable
 annuity remainder
 Item trusts unitrusts

 (1) (2)

Number of returns 19,241 96,248
Total net income [1] 1,034,077 15,849,541
 Net ordinary income [2] 290,294 4,150,275
 Total ordinary income 356,674 5,558,935
 Interest income 99,488 1,408,761
 Dividends and business income (loss) 212,839 2,489,098
 Rents, royalties, partnerships,
 other estates and trusts, etc. 17,566 206,419
 Farm income (loss) * 116 * 52
 Ordinary gain (loss) 458 10,222
 Other income 26,206 1,444,382
 Deductions allocable to ordinary
 income [3] 66,380 1,408,659
 Net capital gains (losses) [4] 711,568 11,599,107
 Total capital gains (losses) 722,873 12,261,621
 Total short-term capital gains
 (losses) 20,531 313,048
 Total long-term capital gains
 (losses) 702,342 11,948,572
 Deductions allocable to capital
 gains [3] 11,305 662,513
 Net nontaxable income [5] 32,215 100,159
 Total nontaxable income 35,296 116,134
 Tax-exempt interest 32,883 102,809
 Other nontaxable income 2,413 13,325
 Deductions allocable to nontaxable
 income [3] 3,081 15,974
 Total deductions [6] 82,968 2,089,890
 Interest 1,187 626,421
 Taxes 878 10,555
 Trustee fees 41,501 251,187
 Attorney, accountant, and return
 preparer fees 13,371 60,213
 Other allowable deductions 26,031 1,141,514

 Charitable Pooled
 lead income
 Item trusts funds

 (3) (4)

Number of returns 6,521 1,488
Total net income [1] N/A N/A
 Net ordinary income [2] N/A N/A
 Total ordinary income 1,225,320 75,911
 Interest income 256,103 30,840
 Dividends and business income (loss) 872,393 44,890
 Rents, royalties, partnerships,
 other estates and trusts, etc. 78,380 * 59
 Farm income (loss) * 150 0
 Ordinary gain (loss) 5,144 0
 Other income 13,149 123
 Deductions allocable to ordinary
 income [3] N/A N/A
 Net capital gains (losses) [4] N/A N/A
 Total capital gains (losses) 1,659,792 39,900
 Total short-term capital gains
 (losses) 128,026 2,725
 Total long-term capital gains
 (losses) 1,531,766 37,175
 Deductions allocable to capital
 gains [3] N/A N/A
 Net nontaxable income [5] N/A N/A
 Total nontaxable income 25,140 * 5
 Tax-exempt interest 24,618 * 5
 Other nontaxable income * 522 0
 Deductions allocable to nontaxable
 income [3] N/A N/A
 Total deductions [6] 217,333 11,035
 Interest 47,209 * 23
 Taxes 32,419 89
 Trustee fees 37,742 4,347
 Attorney, accountant, and return
 preparer fees 12,820 266
 Other allowable deductions 87,143 6,309

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

[1] Calculated as the sum of "net ordinary income" (Form 5227, Part
I, Section E, line 24b), "net capital gains (losses)" (line 25b),
and "net nontaxable income" (line 26b).

[2] Taken from Form 5227, Part I, Section E, line 24b.

[3] Included in "total deductions" amount given on Form 5227, Part
I, Section D, line 22.

[4] Taken from Form 5227, Part I, Section E, line 25b.

[5] Taken from Form 5227, Part I, Section E, line 26b.

[6] Taken from Form 5227, Part I, Section D, line 22. Deductions
shown are for informational purposes only and are included in the
deduction items above.

NOTE: Detail may not add to totals due to rounding.

Figure D

Charitable Distributions of Principal, by Type of Trust
and Charity Type, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Charitable remainder
 Total annuity trusts

 Charity type Number Amount Number Amount

 (1) (2) (3) (4)

Total 15,025 1,953,760 2,214 409,753
 Arts, culture, and
 humanities 1,485 125,402 172 74,030
 Education 3,185 465,724 636 85,049
 Environment, animals 657 87,184 102 1,367
 Health 1,916 214,778 244 38,094
 Human services 2,334 157,731 303 5,069
 International, foreign
 affairs 249 5,221 * 33 * 2,491
 Public, societal benefit 2,054 612,824 259 73,166
 Religion-related 2,003 153,651 333 56,006
 Mutual membership benefit
 organizations * 82 * 1,679 0 0
 Other 1,060 129,567 * 133 * 74,482

 Charitable
 Remainder Charitable lead
 unitrusts trusts

 Charity type Number Amount Number Amount

 (5) (6) (7) (8)

Total 5,796 1,218,969 6,645 273,144
 Arts, culture, and
 humanities 425 37,048 848 13,942
 Education 1,356 317,695 1,021 31,985
 Environment, animals 270 79,185 269 4,079
 Health 799 159,980 845 16,477
 Human services 717 134,452 1,294 16,699
 International, foreign
 affairs 92 1,809 * 122 * 300
 Public, societal benefit 838 358,681 937 166,384
 Religion-related 987 91,293 631 5,743
 Mutual membership benefit
 organizations * 80 * 1,676 0 0
 Other 232 37,150 677 17,534

 Pooled income funds

 Charity type Number Amount

 (9) (10)

Total 370 51,895
 Arts, culture, and
 humanities * 40 * 382
 Education 172 30,995
 Environment, animals * 16 * 2,553
 Health * 30 * 228
 Human services * 20 * 1,511
 International, foreign
 affairs * 2 * 621
 Public, societal benefit * 20 * 14,593
 Religion-related 52 609
 Mutual membership benefit
 organizations * 2 * 2
 Other * 18 * 401

* Estimate should be used with caution because of the small
number of sample returns on which it is based.

NOTES: "Number" shown in the heading for columns 1, 3, 5, etc.
refers to the number of returns. Detail may not add to totals
because of rounding.

Figure E

Charitable Distributions of Income, by Type of Trust
and Charity Type, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Charitable
 remainder
 Total annuity trusts

 Charity type Number Amount Number Amount

 (1) (2) (3) (4)

Total 10,967 1,116,712 583 21,331
 Arts, culture, and
 humanities 1,029 33,756 * 54 * 361
 Education 2,436 118,362 225 10,408
 Environment, animals 753 11,094 * 21 * 1,695
 Health 1,258 57,272 * 34 * 4,761
 Human services 1,702 82,904 58 2,051
 International, foreign
 affairs 138 1,789 * 16 * 3
 Public, societal benefit 1,653 589,442 100 1,111
 Religion-related 1,090 45,838 * 24 * 809
 Mutual membership benefit
 organizations * 30 * 360 * 1 * 1
 Other 877 175,894 * 49 * 130

 Charitable
 remainder Charitable lead
 unitrusts trusts

 Charity type Number Amount Number Amount

 (5) (6) (7) (8)

Total 1,556 316,146 8,510 760,358
 Arts, culture, and
 humanities * 130 * 20,053 806 13,329
 Education 297 23,590 1,746 69,469
 Environment, animals * 43 * 381 683 9,010
 Health 241 22,728 931 29,745
 Human services 261 52,071 1,361 28,764
 International, foreign
 affairs 0 0 120 1,781
 Public, societal benefit 101 45,649 1,449 539,020
 Religion-related 346 32,203 713 12,630
 Mutual membership benefit
 organizations 0 0 * 19 * 326
 Other 137 119,470 682 56,285

 Pooled income funds

 Charity type Number Amount

 (9) (10)

Total 318 18,877
 Arts, culture, and
 humanities * 40 * 13
 Education 168 14,896
 Environment, animals * 5 * 7
 Health 51 38
 Human services * 22 * 18
 International, foreign
 affairs * 2 * 5
 Public, societal benefit * 3 * 3,662
 Religion-related * 7 * 196
 Mutual membership benefit
 organizations * 10 * 33
 Other * 10 * 8

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

NOTES: "Number" shown in the heading for columns 1, 3, 5, etc.
refers to the number of returns. Detail may not add to totals
because of rounding.

Figure F

Charitable Remainder Unitrust (CRUT) Types, by Size of End-of-Year
Book Value of Total Assets, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Size of end-of-year book
 value of total assets

 Total Under $500,000 [1]

 Number Percentage Number Percentage
 CRUT type of returns of total of returns of total

 (1) (2) (3) (4)

All CRUTs 96,248 100.0 64,776 100.0
 Standard CRUT 74,773 77.7 50,560 78.1
 Net Income CRUT 4,628 4.8 3,208 5.0
 Net income with 16,847 17.5 11,008 17.0

 Size of end-of-year book value of total assets

 $500,000 under
 $3 million $3 million or more

 Number Percentage Number Percentage
 CRUT type of returns of total of returns of total

 (5) (6) (7) (8)

All CRUTs 27,416 100.0 4,055 100.0
 Standard CRUT 21,342 77.8 2,870 70.8
 Net Income CRUT 1,272 4.6 149 3.7
 Net income with 4,803 17.5 1,036 25.5
 makeup CRUT

[1] Includes returns that did not report end-of-year book value
of total assets (Form 5227, Part IV, line 37, column (b)) from the
balance sheet, or that reported the amount as zero. Often, these
zero amounts are explained by trusts filing a final return.

NOTE: Detail may not add to totals due to rounding.

Figure G

Noncharitable Distributions, by Charitable Remainder Trust Type,
Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Charitable remainder
 annuity trusts

 Number Percentage
 Item or amount of total

 (1) (2)

Number of returns 19,241 --
Total noncharitable distributions [1] 755,747 100.0
 Ordinary income [2] 243,046 32.2
 Short-term capital gains [3] 27,541 3.6
 Long-term capital gains [4] 340,978 45.1
 Nontaxable income [5] 21,551 2.9
 Corpus [6] 122,629 16.2

 Charitable remainder
 unitrusts

 Number Percentage
 Item or amount of total

 (3) (4)

Number of returns 96,248 --
Total noncharitable distributions [1] 6,070,029 100.0
 Ordinary income [2] 2,426,817 40.0
 Short-term capital gains [3] 354,850 5.8
 Long-term capital gains [4] 3,004,687 49.5
 Nontaxable income [5] 37,458 0.6
 Corpus [6] 246,219 4.1

[1] May include distributions made after December 31 of the tax
year and therefore may not be reflected on the accumulation
schedule.

[2] Reported on Form 5227, Part III, column (a).

[3] Reported on Form 5227, Part III, column (b).

[4] Reported on Form 5227, Part III, column (c).

[5] Reported on Form 5227, Part III, column (d).

[6] Reported on Form 5227, Part III, column (e).

NOTE: Detail may not add to totals due to rounding

Figure H

Asset Contributions, by Type of Trust and Asset Type, Filing Year 2008

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

 Charitable
 remainder Charitable
 annuity remainder
 Item Total trusts unitrusts

 (1) (2) (3)

Number of returns 123,498 19,241 96,248
Number of trusts with asset
 contributions [1] 7,374 671 6,004
Total asset contributions 5,803,285 444,266 4,997,766
 Cash and money market accounts 657,983 61,592 436,952
 Stocks [2] 3,829,521 292,096 3,426,683
 Bonds 22,510 ** 24,653 * 16,939
 Real estate [3] 446,587 ** 422,494
 Other assets [4] 846,684 65,925 694,697

 Charitable Pooled
 lead income
 Item trusts funds

 (4) (5)

Number of returns 6,521 1,488
Number of trusts with asset
 contributions [1] 497 201
Total asset contributions 357,500 3,753
 Cash and money market accounts 158,234 1,205
 Stocks [2] 108,194 2,548
 Bonds ** 5,011 0
 Real estate [3] ** 0
 Other assets [4] 86,062 0

* Estimate should be used with caution because of the small number
of sample returns on which it is based.

** Data are combined to prevent disclosure of individual taxpayer
data. However, the data are included in the appropriate totals.

[1] Asset contributions are reported on Form 5227, Schedule A, Part
III and include both initial contributions made when the trust is
created and additional contributions made during the lifetime of
the trust.

[2] The value of stock includes both publicly traded and closely
held stocks.

[3] The value given for real estate includes traditional real
estate, as well as real estate mutual funds and partnerships.

[4] Other assets includes such items as retirement assets,
annuities, partnerships, insurance assets, and art.

NOTE: Detail may not add to totals due to rounding.

Figure I

Population, Sample, and Sampling Rates, by Type of Split-Interest
Trust and Asset Strata, Filing Year 2008

 Reported
 end-of-
 year book
 value of
 total
 assets [1]

 Less than
 Type of trust, item Total $1 million

 (1) (2)

Charitable remainder annuity trusts:
 Population [2] 19,653 17,783
 Sample 1,869 1,094
 Sampling rate (percentage) 9.5 6.2

Charitable remainder unitrusts:
 Population [2] 96,516 81,223
 Sample 9,724 4,036
 Sampling rate (percentage) 10.1 5.0

Charitable lead trusts:
 Population [2] 6,595 4,189
 Sample 1,082 244
 Sampling rate (percentage) 16.4 5.8

Pooled income funds:
 Population [2] 1,503 1,262
 Sample 264 127
 Sampling rate (percentage) 17.6 10.1

 Reported end-of-year book
 value of total assets [1]

 $1 million
 under $10 million
 Type of trust, item $10 million or more

 (3) (4)

Charitable remainder annuity trusts:
 Population [2] 1,788 82
 Sample 693 82
 Sampling rate (percentage) 38.8 100.0

Charitable remainder unitrusts:
 Population [2] 14,411 882
 Sample 4,806 882
 Sampling rate (percentage) 33.3 100.0

Charitable lead trusts:
 Population [2] 2,122 284
 Sample 554 284
 Sampling rate (percentage) 26.1 100.0

Pooled income funds:
 Population [2] 213 28
 Sample 109 28
 Sampling rate (percentage) 51.2 100.0

[1] This is the value the tax preparer reported on Form 5227,
Part IV, line 50, column (b).

[2] These population totals include returns that were rejected
during the editing process. As a result, these totals may not
match totals presented elsewhere in the article.

Figure J

Coefficients of Variation for Selected Items, by Type Book Value
of Total Assets, Filing Year 2008 of Split-Interest Trust and
Size of End-of-Year

 Size of
 end-of-
 year book
 value of
 total
 assets

 Under
 $500,000
 Item Total [1]

 Coefficient of variation
 (percentage)

 (1) (2)

Charitable remainder annuity trusts:
 Number of returns 0.50 1.17
 Net ordinary income [2] 2.93 7.77
 Net capital gain income (loss) [3] 4.43 10.21
 Net nontaxable income [4] 8.09 18.82
 End-of-year total assets (book value) [5] 1.68 3.64
 End-of-year total liabilities
 (book value) [6] 12.03 23.58

Charitable remainder unitrusts:
 Number of returns 0.10 0.78
 Net ordinary income [2] 0.88 6.03
 Net capital gain income (loss) [3] 1.07 5.41
 Net nontaxable income [4] 3.56 12.55
 End-of-year total assets (book value) [5] 0.43 1.48
 End-of-year total assets
 (fair market value) [7] 0.66 2.62
 End-of-year total liabilities
 (book value) [6] 4.38 9.90

Charitable lead trusts:
 Number of returns 0.54 4.57
 Total ordinary income 19.31 73.90
 Total capital gains 4.17 35.64
 Total nontaxable income 6.97 39.64
 End-of-year total assets (book value) [5] 1.69 7.87
 End-of-year total liabilities
 (book value) [6] 7.80 26.20

Pooled income funds:
 Number of returns 0.93 2.73
 Total ordinary income 2.45 9.35
 Total capital gains 7.19 38.53
 Total nontaxable income 69.88 N/A
 End-of-year total assets (book value) [5] 2.33 9.01
 End-of-year total liabilities
 (book value) [6] 0.73 64.37

 Size of end-of-year book
 value of total assets

 $500,000
 under $3 million
 Item $3 million or more

 Coefficient of variation
 (percentage)

 (3) (4)

Charitable remainder annuity trusts:
 Number of returns 5.04 4.80
 Net ordinary income [2] 5.59 3.85
 Net capital gain income (loss) [3] 8.78 5.58
 Net nontaxable income [4] 11.99 13.85
 End-of-year total assets (book value) [5] 3.66 3.06
 End-of-year total liabilities
 (book value) [6] 23.14 16.83

Charitable remainder unitrusts:
 Number of returns 1.83 1.74
 Net ordinary income [2] 2.51 0.60
 Net capital gain income (loss) [3] 3.06 1.11
 Net nontaxable income [4] 6.43 4.15
 End-of-year total assets (book value) [5] 1.31 0.66
 End-of-year total assets
 (fair market value) [7] 1.72 0.80
 End-of-year total liabilities
 (book value) [6] 8.19 5.85

Charitable lead trusts:
 Number of returns 4.55 4.55
 Total ordinary income 6.05 2.83
 Total capital gains 20.22 3.92
 Total nontaxable income 14.51 6.68
 End-of-year total assets (book value) [5] 3.41 2.26
 End-of-year total liabilities
 (book value) [6] 34.32 6.18

Pooled income funds:
 Number of returns 12.10 7.09
 Total ordinary income 8.80 3.36
 Total capital gains 40.36 6.85
 Total nontaxable income 69.88 N/A
 End-of-year total assets (book value) [5] 8.08 3.37
 End-of-year total liabilities
 (book value) [6] 50.45 0.09

N/A denotes a coefficient of variation that could not be calculated
due to a lack of data.

[1] Includes returns that did not report end-of-year book value of
total assets (Form 5227, Part IV, line 50, column (b)) from the
balance sheet, or that reported the amount as zero.

Often, these zero amounts are explained by trusts filing a final
return.

[2] Taken from Form 5227, Part I, line 24b.

[3] Taken from Form 5227, Part I, line 25b.

[4] Taken from Form 5227, Part I, line 26b.

[5] Taken from Form 5227, Part IV, line 50, column (b).

[6] Taken from Form 5227, Part IV, line 56, column (b).

[7] For charitable remainder unitrusts, taken from an estimated
end-of-year fair market value.
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Author:Rosenmerkel, Lisa Schreiber
Publication:Statistics of Income. SOI Bulletin
Date:Apr 17, 2010
Words:14519
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