Harold Jones established a trust to which he transferred marketable securities worth $300,000. The trust pays 8.5% of the initial fair market value of the trust assets to a local public charity. The trust provides that after 15 years, the securities in the trust will pass to Harolds son. Harold can currently take an income tax deduction for the value of the income that is given to the local charity. What arrangement has Harold created?

Group of answer choices

A charitable lead annuity trust

A charitable remainder annuity trust

A pooled-income fund

A charitable remainder unitrust