A charitable remainder annuity trust provides fixed annual payments for any number of beneficiaries. (sheltermedicine.vetmed.ufl.edu)
In a charitable remainder annuity trust, a fixed annual payment is negotiated at the inception of the trust. (sheltermedicine.vetmed.ufl.edu)
These shares do not include 1,213,435 shares, valued at approximately $ 247,856,233 on March 20, 2015, that Mr. Pearson, as the grantor, previously contributed to the J. Michael Pearson grantor retained annuity trust, for which he is not the trustee and in which he has no pecuniary interest; however, the shares in this trust remain subject to the same selling restrictions as applicable to Mr. Pearson. (sec.gov)