Split-interest trusts, 2000

For Reporting Year 2000, the Statistics of Income Division began collecting data from all types of trusts filing Form 5227, Split Interest Trust Information Return. In previous years, data were collected from charitable remainder annuity trusts and unitrusts only. Beginning with 2000, data were also collected for charitable lead trusts and pooled income funds. These new data will be part of the annual series of studies conducted, using Form 5227. For 2000, a total of 113,075 returns were filed, reporting approximately $93.9 billion in book value end-of-year total assets. Lead trusts, which comprised only 4.0 percent of the total number of filers, held a surprising 11.5 percent of the total assets. Charitable remainder annuity trusts and unitrusts, which comprised 20.0 percent and 74.5 percent, respectively, of the total number of filers, held 11.2 percent and 75.6 percent, respectively, of total assets. Pooled income funds, which made up only 1.4 percent of the total number of filers, held only 1.7 percent of total assets. [PUBLICATION ABSTRACTS]