Altruism aside, it is a very smart move. I grew up in India and am sparse in my living standards and am at times amazed at the kind of affluence that exists in America even amongst those who consider themselves less privileged.
As long as the trust grows at greater than 5% of its values you receive the mandated annual disbursement which is this case is a fair chunk of change and add monies to be disbursed at the end. However factoring in the rate of inflation and "money's real value over time", the trust probably needs to be invested wisely to grow at 5% + rate of inflation to retain its original value over the years.
Occurs to me that setting up the trust is only half the battle, having it deliver on its original promise is the greater half.
When you reach that magnitude (many 10s of millions of dollars) getting 5% + inflation (inflation is on average pretty low in industrialized countries) amortized over many years is not hard.
As long as the trust grows at greater than 5% of its values you receive the mandated annual disbursement which is this case is a fair chunk of change and add monies to be disbursed at the end. However factoring in the rate of inflation and "money's real value over time", the trust probably needs to be invested wisely to grow at 5% + rate of inflation to retain its original value over the years.
Occurs to me that setting up the trust is only half the battle, having it deliver on its original promise is the greater half.