A charitable lead trust is a financial arrangement that benefits both charitable organizations and the donor. However, there are various synonyms for this concept, such as "donor-advised fund," "philanthropic trust," or "charitable remainder trust." Each of these terms describes a similar idea of giving to a charity or non-profit organization while receiving personal benefits in return. A donor-advised fund is a specific type of charitable lead trust where donors recommend grants to different non-profits and have more control over their funds. A philanthropic trust is a form of trust that is created exclusively for charitable purposes. Lastly, a charitable remainder trust is established for the benefit of a charity, and the donor or their heirs receive a portion of the trust's income for a period.