A charitable lead trust (CLT) allows you to give to a charity without permanently relinquishing the asset. In a CLT, you grant the charity the use of an asset and the right to any generated income for a predetermined duration. Once this period ends, the asset can return to you or be given to a chosen recipient. Assets suitable for a CLT include income-producing stocks, rare book collections, or paintings transferred to a museum temporarily. You may receive a current income tax deduction for the value given to charity, and the trust itself pays income tax on its earnings. If a CLT is established upon your death, it could help reduce estate tax liability.