Have client who has 5 inherited annuity contracts (non-IRA) that are setup for 5yr deferrals due to Uncle passing. They have low cost basis so taxes are an issue due to he is a doctor with a nice salary.

Can these contracts be used to fund a charitable trust so that:

a. he won’t pay taxes on the annuities

b. he will get an income from the trust, which he will only pay taxes on the income.

c. he will get a charitable deduction that he can take over 5yrs

Thank you
Douglas