Which statement correctly describes a feature of a charitable split-interest trust?

A)A grantor who transfers $1,000,000 to a grantor trust with a qualified charity as the remainderman and receives a $40,000 annuity each year is eligible for an immediate income tax deduction.

B)CRATs and CRUTs are both revocable trusts.

C)A charitable lead annuity trust (CLAT) provides a fixed-income stream to a charity.

D)A charitable lead unitrust (CLUT) provides a periodic payment to the grantor that increases each year, provided that the assets in the trust appreciate in value.