10. A charitable remainder annuity trust (CRAT) is characterized by which of the following? 1. provides a fixed payment, at least annually, to a noncharitable beneficiary II. is a revocable remainder trust that turns irrevocable, to be paid to or held for the charity III. the value of any remainder interest must be at least 10% of the initial net fair market value (FMV) of all property placed in the trust IV. the donor can contribute to the trust at inception and up to 36 months after its creation a. b. C. d. I and III I and IV I and II II, III, and IV