The annuity must be distributed not less often than annually to one or more persons. The "person" may be an organization, however, it may not be a charity described in . The CRUT is usually set up so that annuity is paid to the settlor of the trust. In the case of natural persons, payments may be made only to those who are living at the time of the creation of the trust. The annuity is paid to that non-charitable beneficiary for his or her lifetime, or for a fixed term of years (not to exceed 20 years).