Purpose of Form

Use Form 5227 to:

• Report the financial activities of a split-interest trust,

• Provide certain information regarding charitable deductions and distributions of or from a split-interest trust, and

• Determine if the trust is treated (for chapter 42 excise tax purposes) as a private foundation and subject to certain excise taxes under chapter 42. Form 5227 is open to public inspection.

Use Schedule A of Form 5227 to report:

• Accumulations of income for charitable remainder trusts (CRTs),

• Distributions to noncharitable beneficiaries/recipients, and

• Information about donors and assets contributed during the year. Schedule A of Form 5227 isn't open to public inspection.